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Finally, that it is the crown of the producer, when, whether by net product or by interest on the capital which he devotes to production, it brings to the monopolist that increase of comfort which his foresight and his efforts deserve. Shall we, then, with the economists, glorify monopoly, and consecrate it to the benefit of well-secured conservatives?
His two brothers, Robert and Louis Nobel, founded the naptha and petroleum works at Bacou, one of the largest industrial enterprises of Russia. Alfred himself invented dynamite and dynamite gum, and a smokeless powder, ballistite, which he patented in 1867, 1876, and 1889. It is mainly due to the works of the Nobel family that Sweden has attained the reputation of Master Producer of Explosives.
Such is the war that you have to sustain: a war of labor against capital; a war of liberty against authority; a war of the producer against the non-producer; a war of equality against privilege. What you ask, to conduct the war to a successful conclusion, is precisely that which you must combat.
I will juggle into my own hands all the instruments for the production of wealth that I can lay hold of; and I will use them for myself against the producer and the consumer. I will enrich myself by 'corners' on the necessaries of life; I will make food dear for the poor, that I myself may roll in needless luxury. I will monopolise whatever I can seize, and the people may eat straw."
No one would contend it is possible to bring the entire egg crop of the country up to the latter value, but the fact that there is a definite market for eggs of first class quality at almost double the figures for which the egg crop as a whole is actually sold, is a point very significant to the ambitious producer of high grade eggs. Requisites of the Production of High Grade Eggs.
In these cases it is possible to effect, in coöperation with producers and manufacturers, a certain amount of stability in price. I have never favored attempts to fix maximum prices by law; the universal history of these devices in Europe has been that they worked against the true interests of both producer and consumer.
What we have to watch, in our study of progress in industry, is the history of man as a purveyor of the household: in other words, as a producer of goods and services: from the days of the primitive savage with his bark canoe to the gigantic industrial enterprises of our own time.
This we express, when we consider a business in its aspect as a consumer, by saying that its consumption of anything will not be carried beyond the point at which the marginal utility exceeds the price it will have to pay. When we consider it as a producer, we say that its production of anything will not be carried beyond the point at which the marginal cost exceeds the price it will obtain.
Soon the latter, through the development of his industry, finds a means of regaining the greater portion of that which he gives to the proprietor; so that at last, the objects of enjoyment increasing continually, while the income of the idler remains the same, the proprietor, having exhausted his resources, begins to think of going to work himself. Then the victory of the producer is certain.
It is a spiritual creation, in which the details as well as the whole are pervaded by one spirit. Consequently, the producer did not follow his own experimental impulse, but acted under that of his demoniac genius." June 27, 1831. We conversed about Victor Hugo. "He has a fine talent," said Goethe.
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