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<p><!-- pencil -->Nov<hi rend="superscript">r</hi> 1810<lb/> | |||
<!-- pencil --><head>Prizes</head></p> | |||
<p>If the gain were the measure there would be scarce any<lb/> | |||
bounds to it: but the true measure is the loss to the principal</p> | |||
<p>The profit of which such delay is productive, is<lb/> | |||
that which a man is enabled to make in the<lb/> | |||
way <add>shape</add> of interest of <add>the</add> money, or in any other way by<lb/> | |||
the use of it.</p> | |||
<p><del>The</del> Of this profit the minimum being the highest<lb/> | |||
<unclear>rate</unclear> of lawful interest – at present 5 per cent, the<lb/> | |||
maximum has no certain limits: gain be the utmost<lb/> | |||
profit that is capable of being made by buying<lb/> | |||
moneys worth and selling it again, <add><unclear>land</unclear> <del>to government securities</del> joint stocks or shares for instance</add> where circumstances<lb/> | |||
happen to be favourable, both to purchase and<lb/> | |||
<gap/> sale <add>circumstances happen to be favourable</add>, there are no certain limits.</p> | |||
<p>The ordinary profit of trade and manufacture<lb/> | |||
is always in a very considerable degree greater than<lb/> | |||
common interest: greater it must be upon the whole<lb/> | |||
<add>mass of</add> <unclear>capital</unclear>, fixt and circulating taken together: much<lb/> | |||
<unclear>more</unclear> when computed upon the prices <add>the prices paid and received for given and by the same person afterwards obtained for</add>, of this or that <del><gap/></del><lb/> | |||
individual article, <add>constituting a</add> <unclear>parcel</unclear> of the circulating capital,<lb/> | |||
and of that alone.</p> | |||
<p>But <del>call this or</del> in this <add>latter</add> case call the ordinary<lb/> | |||
profit what you will – say 12 per cent – say 15<lb/> | |||
per cent – still the amount of casual profit must<lb/> | |||
frequently rise in many instances considerably higher.</p> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
Novr 1810
Prizes
If the gain were the measure there would be scarce any
bounds to it: but the true measure is the loss to the principal
The profit of which such delay is productive, is
that which a man is enabled to make in the
way shape of interest of the money, or in any other way by
the use of it.
The Of this profit the minimum being the highest
rate of lawful interest – at present 5 per cent, the
maximum has no certain limits: gain be the utmost
profit that is capable of being made by buying
moneys worth and selling it again, land to government securities joint stocks or shares for instance where circumstances
happen to be favourable, both to purchase and
sale circumstances happen to be favourable, there are no certain limits.
The ordinary profit of trade and manufacture
is always in a very considerable degree greater than
common interest: greater it must be upon the whole
mass of capital, fixt and circulating taken together: much
more when computed upon the prices the prices paid and received for given and by the same person afterwards obtained for, of this or that
individual article, constituting a parcel of the circulating capital,
and of that alone.
But call this or in this latter case call the ordinary
profit what you will – say 12 per cent – say 15
per cent – still the amount of casual profit must
frequently rise in many instances considerably higher.
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Identifier: | JB/547/089/001"JB/" can not be assigned to a declared number type with value 547. |
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1810-11-22 |
8-9 |
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547 |
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089 |
Prizes |
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001 |
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Text sheet |
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Jeremy Bentham |
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