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Table of Contents

Business Enterprise

.rf I

Thb motive of business is pecuniary gain, tEe J i/i" Imethod is essentially purchase and sale. The aim ' ''' ■ j and usual outcome Ls an accumulation of wealth.' Men whose aim is not increase of possessions do not go into business, particularly not on an independent footing.

How these motives and methods of business work out in the traffic of commercial enterprise proper — in mercantile and banking business — does not concern the present inquiry, except so far as these branches of busines.? aftect the course of industrial business in the stricter sense of the term. Nor is it necessary here to describe the details of business routine, whether in the mer-

' The ulterior ground of efforts directed to the accumnlalion of wealth ia dtscusaed at some leugth En the Throrj/ of the Leiaurt Clan, ch. II. and V., and the ecooouiic bearing of the bualucBS roun'i work JH treated In a paper on "Industrial and Pecuniary Emplo;meuts," In the Froettdingi of the thirteenth annual meeting at tba Americaa Economic Assocfatiou. Cf, also Marshall, Principle* of Economic) {3d ed.), bk. 1. ch. III., bit. IV. oh. XII., bk. V. ch. FV., bk. VII. ch. VII. and VIII. ; Bagebot, Economic Studieg. especially pp. 63 ft tfq. ; Walker, Waget Question, ch. XIV. ; and more egpecially Sombart. Moderne Kapitalitmu$, vol. I. ch. I., VIII.. XIV., XV.; Hirx, KaptUU, bk. L oh. IV. ; Schmollar QruniTiu, bk. n. eh. VIL

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