Profit can only arise upon alienation, i.e. in the act of exchange, when the seller sells more dearly than he has bought gaining profits and enabling… - Eric Roll, Baron Roll of Ipsden

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Profit can only arise upon alienation, i.e. in the act of exchange, when the seller sells more dearly than he has bought gaining profits and enabling a procurement adequate to demands and return on investments.

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About Eric Roll, Baron Roll of Ipsden

Eric Roll CB, KCMG (1 December 1907 – 30 March 2005) was an economist, public servant, and banker. He was made a life peer in 1977.

Also Known As

Alternative Names: Eric Roll Eric Roll, 1st Baron Roll of Ipsden
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Mill sought to strengthen his defence of trade unions not by denying their possible monopoly effects, but by an appeal to the principle of laisser faire itself. To prevent the formation of corporate unions was, he thought, to interfere with a right obviously included in the general rule of freedom of contract. While monopolies were only to be abolished if corporations were not free to contract as they pleased, rather be obliged to involve consideration.

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