de base oscila de manera inmoderada, y que en ocasiones puede desplazarse de forma muy abrupta, al parecer supera las facultades prácticas de comprensión del hombre de negocios. El valor monetario es su punto de referencia habitual, y se aferra a la convicción de que este punto de referencia es estable, a pesar de los hechos.

1 It is, in great part, through or by force o[ fluctuationa of Ibia base line of money valaeH thai large accamulatloDs of wealth are made. One might almost say that thla is the '■normal" method by which wiTiugs are made and capitalized In later modem times.

Fluctuations in the stock market, of course, are of this character, as are commonly also large TarlationH of the course of prices ouuide the Block market, as well as flnctuatioDB of the money market. The great gains of succBSBfal promotGiB of corporations and the like come in this manner usoalty. They are tlue to enlargement of the money value of a given block of Indtutrla) equipment indepandeatly ol any change in tlw phyiloal

H^ 208 THE THEORY OF BUSINESS ENTERPRISE

^V Es verdad, se dan casos, de vez en cuando, de

^1 transacciones de cierta importancia en

H which some degree of recognition of this fact ia

V met with. Some large business man may yet rise to the requisite level of intelligence, and may comprehend and imreservedly act upon the fact that the money base line of business trafSc at large is thoroughly unstable and may readily be manipulated, and it wUl be worth going out of one's way to see the phenomenal gains and the picturesque accompaniments of such a man's work.