Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
This profit of the undertaker is subject essentially to the same natural
law as wages in general are; only it differs in this from all other
branches of income, that it can never be stipulated for in advance.
Rather does it consist of the surplus which the product of the
undertaking affords over and above all the rent stipulated for in
advance or estimated at the rate usual in the country, the interest on
capital, and wages of common labor.[195-9]
[Footnote 195-1: At first, usually imperfect enterprises in
which the shop-instruments, etc., are kept ready for present
orders; and then complete or perfect enterprises. (_v.
Mangoldt_, Volkswirthschaftslehre, 255.)]
[Footnote 195-2: _v. Mangoldt_, Lehre vom Unternehmergewinn,
1855, 49 ff. The same author shows, in his
Volkswirthschaftslehre, that it is better for the general
good that the risk should be borne by the producer than by
the consumer. In the case of the taking of orders, there is
danger only of a technic failure, but in enterprise proper,
there is possible also an economic miscarriage of the work,
even when successful from a technic point of view. But in
the case of the undertaker (man of enterprise),
responsibility is much more of an incentive, production much
more steady, and therefore much better able to exhaust all
means of help. Consumers are much more certain in their
steps, as regards price, etc., since they find what they
want ready made.]
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