Publisher's Synopsis
Excerpt from The Distribution of the Produce
The professional classes together constitute a group fundamentally distinct from the rest of society, whose portion of the produce - taxation, understanding the term to include the cost of maintaining the Polity, the Church, and the School, is determined in advance by convention, partly of the community through their representatives in national or municipal parliaments, and partly of the members of each particular profession. Regarding bankers and landlords as typical capitalists, we find that almost the whole of their capital is, for value in exchange, being continually surrendered by them for use to entrepreneurs. Bankers and landlords are respectively the lenders of circulating and fixed capital. The group of working-men by whom this capital is borrowed and operated are entrepreneurs - the working men who employ both the capital and labour of every industrial community, who organize and adventure upon all industrial enterprises, who are the controllers of the entire plant, and the custodians of the entire produce. The capitalist is the lender of capital, the entrepreneur is the borrower of capital. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
