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The Living Age Volume 298

The Living Age Volume 298


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 Excerpt: ...It is odd, too, to note, that in case of Infringement of a trade mark the injured party may choose between damages or having an account taken of the profits. In old days battles were to the strong. To-day, they are to the wise and skilful. No longer is war conducted by giants with spears like 'weavers' beams, ' but by generals by means of maps and telephones. It is not the strength of the former, but the skill of the latter, that wins battles. But so it is with commerce and industry. It is the head that moves the body of enterprise. But the enterprise of the brain needs to be backed by the pocket, and it is in the pocket you measure the remuneration of the skill, the genius of the founder of a business, of a captain of industry, just as it is by the commercial value of the copyright that you determine the payment to the genius who wrote the book. It may be urged that profits are to a very large extent fortuitous. A man has bought land, and the town extends in the direction of his holding, or a railway runs through his land, and he is able to sell his acres at a greatly enhanced price. Some people say that this man's profit belongs to the community, because not only was he a passive agent in the increase of value, but the real increment is due to the aggregation of populations in the neighborhood of his land. But as to that, it is sometimes overlooked that all value in exchange--which, of course, is a different thing from 'worth'---depends upon the existence of the community. Put an end to 'the people, ' and you end production, distribution, and exchange. There would be no manufactures, no carriers, no bankers. Indeed, there would be no books or inventions, if the world were as empty as Sahara. But further, as to the fortuitous nature of profits, that is true ...


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Product Details
  • ISBN-13: 9781130857504
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 452
  • Spine Width: 23 mm
  • Width: 189 mm
  • ISBN-10: 1130857506
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 803 gr

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