2012, ISBN: 1130142205

[EAN: 9781130142204], Neubuch, [PU: Rarebooksclub.com, United States], Brand New Book ***** Print on Demand *****.This historic book may have numerous typos and missing text. Purchasers c… Mehr…

[EAN: 9781130142204], Neubuch, [PU: Rarebooksclub.com, United States], Brand New Book ***** Print on Demand *****.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. 1895 Excerpt: .the time of death is among the greatest of uncertainties. Again, the fortuitous element may be one of degree. It may be certain that an injury will be wrought by a certain force or action, while it is uncertain how much injury will be done. Mangoldt, who, so far as I know, is the only writer who has attempted to distinguish economic risks from other risks, says that a distinction must be made between mere irregularities (Unregelmgsigkeiteri) of results and economic risks. The champagne-maker, for instance, must reckon that a greater or less number of bottles will break. Very true; but, if there is an uncertainty how many will break, there is a risk, and why it should be excluded from economic risks I cannot see. There is no occasion for Die Lehre vom Unternehmergewinn, von Dr. H. Ton Mangoldt, p. 82. any distinction between risks which are economic and those which are not. Every risk to a human being comes within the scope of economics. Risk is universal. Life and happiness are perpetually hazarded. The dangers of death of supporter, fire, hail, earthquake, failure of crops, diseases of persons and stock, accidents to persons and property, bankruptcies, panics, deterioration and unprofitable sale of property, are, to a certain extent, unavoidable. Be as careful as we may, the very air we breathe may be freighted with disease germs. We abide in a perpetual state of risk. To escape from one peril is only to encounter another. There is, then, a certain minimum amount of risks which a person must bear. There is a class of risks of which we cannot say that they are "assumed." The owner of wealth must, if he is rational, invest it in some productive enterprise, unless, under the circumstances, he decides to consume it; and, wherever it is invested, .<

2012, ISBN: 1130142205

[EAN: 9781130142204], Neubuch, [PU: Rarebooksclub.com, United States], Brand New Book ***** Print on Demand *****.This historic book may have numerous typos and missing text. Purchasers c… Mehr…

[EAN: 9781130142204], Neubuch, [PU: Rarebooksclub.com, United States], Brand New Book ***** Print on Demand *****.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. 1895 Excerpt: .the time of death is among the greatest of uncertainties. Again, the fortuitous element may be one of degree. It may be certain that an injury will be wrought by a certain force or action, while it is uncertain how much injury will be done. Mangoldt, who, so far as I know, is the only writer who has attempted to distinguish economic risks from other risks, says that a distinction must be made between mere irregularities (Unregelmgsigkeiteri) of results and economic risks. The champagne-maker, for instance, must reckon that a greater or less number of bottles will break. Very true; but, if there is an uncertainty how many will break, there is a risk, and why it should be excluded from economic risks I cannot see. There is no occasion for Die Lehre vom Unternehmergewinn, von Dr. H. Ton Mangoldt, p. 82. any distinction between risks which are economic and those which are not. Every risk to a human being comes within the scope of economics. Risk is universal. Life and happiness are perpetually hazarded. The dangers of death of supporter, fire, hail, earthquake, failure of crops, diseases of persons and stock, accidents to persons and property, bankruptcies, panics, deterioration and unprofitable sale of property, are, to a certain extent, unavoidable. Be as careful as we may, the very air we breathe may be freighted with disease germs. We abide in a perpetual state of risk. To escape from one peril is only to encounter another. There is, then, a certain minimum amount of risks which a person must bear. There is a class of risks of which we cannot say that they are "assumed." The owner of wealth must, if he is rational, invest it in some productive enterprise, unless, under the circumstances, he decides to consume it; and, wherever it is invested, .<