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The decline of the West, Volume 2

Note 915 — Chapter XIII · THE FORM-WORLD OF ECONOMIC LIFE (A) MONEY

Charles Francis Atkinson translation

The idea of the Firm took shape even in Late Gothic times as “ratio” [hence the modern French phrase “raison sociale”—Tr.] or “negotiatio.” It is impossible to render it exactly in a Classical language. Negotium meant for the Romans a concrete process, a “deal” and not a “business.”

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