Comments On Evolutionary Economics. Vol. Ii, No. 7. February 8, 2020 The Poifitability Of Business
Language: English
Published by Athena Press, Pasadena, 2020
- First Edition
- Signed
- Used
Seller: Arroyo Seco Books, Pasadena, Member IOBA, Pasadena, CA, U.S.A.Arroyo Seco Books, Pasadena, Member IOBA
AbeBooks seller since August 25, 1999
Association member: IOBA
Condition: Used - Fine
£ 38.79
Quantity: 1 available
Add to basketItem description from seller
The Assumption Of These Papers Is That The Justification For Government Is To Provide For The Common Welfare. The Purpose Of A Socially And Legally Legitimate Business Is To Make A Profit For The Owners While Complying With Law And Regulation. Almost All Businesses Start When An Individual Identifies An Unoccupied Niche In The Economic Fabric, A Place Where A Product Or Service May Be Provided In Which There Is Little Direct Competition, Or The Market Is So Large That It Is Possible To Compete With Minimal Change, Such As Slightly Lower Pricing. The Discovery Of Niches Is The Essence Of Business Innovation And Economic Growth. External Financing Is Often Not Available Early In The Development Of A Business; The First Stages Are Financed By One's Self, One's Family, And One's Friends And Acquaintances. The Business Grows From An Idea Into A Viable Or Possibly Viable Enterprise Only Under The Direction Of The Founder Or Founders. Outside Institutions Play Little Or No Role In This Early, Critical Development, Except As In Their Normal Courses Of Business With The Public At Large. Of The Great Public Financial Institutions It Would Be Hard To Name One Instance In Which They Furnished, By Decision, The Means For That Initial Small Company To Grow; The Idea That Economic Institutions Fuel The Engine Of Real Growth Is Ridiculous, Except Through Small Loans In The Normal Course Of Their Business. It Is The Founders Who Grow The Business, And, If Successful, Make It Possible. When It Becomes Of Economic Or Social Interest, A Board Must Be Formed To Ensure All Interests Are Brought To Bear. The Initial Board, However, Is Formed Only To Meet The Short To Medium Term Expectations Of New Outside Investors, And The Cost To Investors Of Further Investiment Then Usually Accelerates. This Acceleration At Some Point Becomes Irrational; Those Who Come In At Some Later Point Are Speculators Who Always Lose All Or Part Of Their Investment; And The Board Must Ignore The Simple Fact That Almost All Large Successful Organizations Are Eventually (Over 5 To 100 Years) Worth Far Less Than The Price At Which Most Investments Were Made [And In Many Cases, Perhaps Most, Over 75-100 Years, The Company Goes Bankrupt Or Is Sold For Only A Tiny Fraction Of It's Highest Price As An Investment.) This Is The Basic Fact Of Economics: Almost All Passive Investments In Commercial Companies Become Nearly Worthless At Some Point, Measured Against The Average Price At Which Shares In The Company Were Sold In Their Highest Year, As Can Be Seen By Taking Prices 25-50 Years Ago Or More, Versus Their Worth Today In Real Terms And Compared To Reinvestment Solely In Stable Government Bonds. …
Seller Inventory # 044064
Bibliographic details
- Title
- Comments On Evolutionary Economics. Vol. Ii, No. 7. February 8, 2020 The Poifitability Of Business
- Author
- Clauser, Stephen Michael
- Publisher
- Athena Press, Pasadena
- Publication year
- 2020
- Condition
- Fine
- Signed
- Signed by Author(s)
- Binding
- No Binding
- Language
- English
- Edition
- 1st Edition
- Seller catalogs
- Economics and Business, Government, Politics, Law, Punishment, & Human Rights, or Lack Thereof, Philosophy and Thoughtfulness
Arroyo Seco Books, Pasadena, Member IOBA
Pasadena, CA, U.S.A.
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Fine and unusual first editions and out of print books in all categories. Original photographs, Fine antiquarian and other original prints, paintings, drawings and watercolors. Motion picture and television scripts. Ephemera, Manuscripts and autographs. In business on the internet since 1999.
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Arroyo Seco Books, Pasadena, Member IOBA
CA, U.S.A.
Arroyo Seco Books, on-line and by appointment since 1998, lists 20,000 books in all fields, especially science, art, philosophy, social science, literature, and science fiction, and also art, primarily antiquarian and modern prints. We purchase private libraries. Member of IOBA. Open by appointment in Pasadena, California, USA. Contact: Stephen Clauser, email arroyosecobooks@earthlink.net, telephone 626-372-3863.
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