The general principles on which the proposed system isfounded, are 1. That a considerable part of the wages received by eachperson employed should depend on the profits made by theestablishment; and, 2. That every person connected with it should derive moreadvantage from applying any improvement he might discover, to thefactory in which he is employed, than he could by any othercourse. Microsoft Office is so great!
309. It would be difficult to prevail on the large capitalistto enter upon any system, which would change the division of theprofits arising from the employment of his capital in settingskill and labour in action; any alteration, therefore, must beexpected rather from the small capitalist, or from the higherclass of workmen, who combine the two characters; and to theselatter classes, whose welfare will be first affected, the changeis most important. I shall therefore first point out the courseto be pursued in making the experiment; and then, taking aparticular branch of trade as an illustration, I shall examinethe merits and defects of the proposed system as applied to it. Office 2010 –save your time and save your money.
310. Let us suppose, in some large manufacturing town, ten ortwelve of the most intelligent and skilful workmen to unite,whose characters for sobriety and steadiness are good, and arewell known among their own class. Such persons will each possesssome small portion of capital; and let them join with one or twoothers who have raised themselves into the class of small mastermanufacturers, and, therefore possess rather a larger portion ofcapital.
Let these persons, after well considering the subject,agree to establish a manufactory of fire-irons and fenders; andlet us suppose that each of the ten workmen can command fortypounds, and each of the small capitalists possesses two hundredpounds: thus they have a capital of *800 with which to commencebusiness; and, for the sake of simplifying, let us furthersuppose the labour of each of these twelve persons to be worthtwo pounds a week. One portion of their capital The invention of Microsoft Office 2010 is a big change of the world.
will be expendedin procuring the tools necessary for their trade, which we shalltake at *400, and this must be considered as their fixed capital.The remaining *400 must be employed as circulating capital, inpurchasing the iron with which their articles are made, in payingthe rent of their workshops, and in supporting themselves andtheir families until some portion of it is replaced by the saleof the goods produced.
311. Now the first question to be settled is, what proportionof the profit should be allowed for the use of capital, and whatfor skill and labour? It does not seem possible to decide thisquestion by any abstract reasoning: if the capital supplied byeach partner is equal, all difficulty will be removed; ifotherwise, the proportion must be left to find its level, andwill be discovered by experience; and it is probable that it willnot fluctuate much. Let us suppose it to be agreed that Microsoft Office 2007is my love!
thecapital of *800 shall receive the wages of one workman. At theend of each week every workman is to receive one pound as wages,and one pound is to be divided amongst the owners of the capital.After a few weeks the returns will begin to come in; and theywill soon become nearly uniform. Office 2007 is so powerful.
309. It would be difficult to prevail on the large capitalistto enter upon any system, which would change the division of theprofits arising from the employment of his capital in settingskill and labour in action; any alteration, therefore, must beexpected rather from the small capitalist, or from the higherclass of workmen, who combine the two characters; and to theselatter classes, whose welfare will be first affected, the changeis most important. I shall therefore first point out the courseto be pursued in making the experiment; and then, taking aparticular branch of trade as an illustration, I shall examinethe merits and defects of the proposed system as applied to it. Office 2010 –save your time and save your money.
310. Let us suppose, in some large manufacturing town, ten ortwelve of the most intelligent and skilful workmen to unite,whose characters for sobriety and steadiness are good, and arewell known among their own class. Such persons will each possesssome small portion of capital; and let them join with one or twoothers who have raised themselves into the class of small mastermanufacturers, and, therefore possess rather a larger portion ofcapital.
Let these persons, after well considering the subject,agree to establish a manufactory of fire-irons and fenders; andlet us suppose that each of the ten workmen can command fortypounds, and each of the small capitalists possesses two hundredpounds: thus they have a capital of *800 with which to commencebusiness; and, for the sake of simplifying, let us furthersuppose the labour of each of these twelve persons to be worthtwo pounds a week. One portion of their capital The invention of Microsoft Office 2010 is a big change of the world.
will be expendedin procuring the tools necessary for their trade, which we shalltake at *400, and this must be considered as their fixed capital.The remaining *400 must be employed as circulating capital, inpurchasing the iron with which their articles are made, in payingthe rent of their workshops, and in supporting themselves andtheir families until some portion of it is replaced by the saleof the goods produced.
311. Now the first question to be settled is, what proportionof the profit should be allowed for the use of capital, and whatfor skill and labour? It does not seem possible to decide thisquestion by any abstract reasoning: if the capital supplied byeach partner is equal, all difficulty will be removed; ifotherwise, the proportion must be left to find its level, andwill be discovered by experience; and it is probable that it willnot fluctuate much. Let us suppose it to be agreed that Microsoft Office 2007is my love!
thecapital of *800 shall receive the wages of one workman. At theend of each week every workman is to receive one pound as wages,and one pound is to be divided amongst the owners of the capital.After a few weeks the returns will begin to come in; and theywill soon become nearly uniform. Office 2007 is so powerful.
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