FREE BOOKS

Author's List




PREV.   NEXT  
|<   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44  
45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   >>   >|  
nt on consumers' goods are not always synchronous, but organization and the acquiring of a permanent fund of capital make them so. Work to-day and you eat to-day food that is a consequence of the working. In point of time the canoe makers are fed as promptly as the fishermen, and this fact is duplicated in every part of the industrial system. We shall later see more fully what this signifies, but it is clear that any study of this phenomenon--the synchronizing of labor and its reward--takes us out of the field of Universal Economics, since it does not appear in the industry of primitive beginnings, but is the fruit of organization.[9] [8] One man might be employed in guarding canoes and fish against theft, which is doing protective rather than industrial labor; and economic forces would tend to give him a share as large as each of the others receives, provided, of course, that the men are of equal capacity as workers. [9] The conception of capital goods as always putting enjoyments into the future has crept into economic science because in certain illustrations taken from primitive life they seem to have that effect. We shall see that they do not have it at all in _static_ social industry, and that they have it only in a limited way in _dynamic_ social industry, or that which is carried on by a society undergoing organic change. CHAPTER II VARIETIES OF ECONOMIC GOODS _Passive Capital Goods._--Labor spends itself on materials, and these, in their rawest state, are furnished by nature herself. They "ripen" as the work goes on. Every touch that is put on them imparts to them more of the utility which is the essence of wealth. They are technically "goods," or concrete forms of wealth, from the moment when they begin to acquire this utility, though for a time they are in an unfinished state. The function of materials, raw or partly finished, in the physical operation of industry is a passive one, since they receive utility and do not impart it. The iron is passive under the blows of the blacksmith's hammer; leather is passive under the action of the shoemaker's sewing machine; a log is passive under the action of the lumberman's saw, etc. The materials which are thus receiving utilities under the producers' manipulations constitute a distinct variety of capital goods, while the implements which help to impart the utilities constitute another variety, and
PREV.   NEXT  
|<   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44  
45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   >>   >|  



Top keywords:

passive

 

industry

 
materials
 

utility

 

capital

 

primitive

 

industrial

 
economic
 

impart

 

wealth


constitute

 

utilities

 

variety

 
social
 
organization
 

action

 

furnished

 
rawest
 

nature

 

spends


change
 

carried

 
society
 

undergoing

 

organic

 

dynamic

 

static

 

limited

 

CHAPTER

 
Passive

Capital

 

ECONOMIC

 

VARIETIES

 
function
 

sewing

 
machine
 
lumberman
 

shoemaker

 

leather

 
blacksmith

hammer

 
implements
 
distinct
 

manipulations

 

receiving

 

producers

 

receive

 
moment
 
concrete
 

technically