Page:The instinct of workmanship, and the state of the industrial arts, (IA instinctofworkma00vebl 0).pdf/373

 tude of the disturbances which they create rather than of their productive effect.

It should also follow, and so far as the above characterisation holds it does follow, that the current pecuniary organisation of industry vests the usufruct of the community’s industrial proficiency in the owners of the industrial equipment. Proximately this usufruct of the industrial community’s technological knowledge and working capacity vests in the detail owners of the equipment, but only proximately. At the further remove it vests only in the businessmen whose command of large means enables them to create and control those pecuniary conjunctures of industry that bring about changes in the market value and ownership of the equipment.