Chapter 092: The Economist

The work on the mine is put aside for now.

Albert handled several more similar transactions for Mr. Ludon.

The background of the buyer is complex, there are rulers from all over the world, from the new wealthy of the small United Kingdom to the old aristocracy of the foggy capital.

When he first sold the asset, Mr. Ludon offered a slight premium. In the back, it is already a form of fire sale.

As long as the other party is willing to take over the debt and personnel, the price is negotiable!

There was a pharmaceutical workshop with high debts, which Mr. Lutden sold for £1!

It was only after all this that Albert had time to calm down and analyze what Mr. Lutden was doing.

He pulled out the company's financial statements and saw a number that left people speechless.

The company had £3,000,000 in cash on its books, half of which had been converted into gold by Mr. Looden.

As Mr. Ludon said before, all businesses that are not profitable have been cut off.

Of course, Albert's Institute of Pharmaceutical Research was not cut, and neither was Hannibal's team of doctors

Albert saw a glaring expense in the statement.

"Huh?"

Albert was a little strange,

"Why hasn't the funding for economic advisers been canceled?"

According to Mr. Luden's logic, these useless expenditures should also be cut.

The retention of the technical backbone and framework is to maintain the company's R&D capabilities, which Albert is well aware of as head of the technical department.

But why were these self-proclaimed 'economists' who were only responsible for writing articles spared?

Could it be that what happened next had something to do with them?

Albert shook the brass bell on the table, and the assistant walked in,

"Pull out the list of economists in this expenditure, give me a brief summary of what they are responsible for, and give me the results of their research."

Soon, the assistant left, and Albert continued to work on the financial statements.

A few more days later, on the paper, Albert had spent enough time on it, and he decided to go out and talk to these economists.

A horse-drawn carriage pulls out of the company's headquarters.

The first stop, Taylor, an economist in charge of analyzing prices.

Taylor, who was originally an employee of a steel company, was diligent and studious, used his knowledge to change his fate, obtained a degree, became a mid-level employee of the company, and avoided this layoff.

Taylor was overjoyed to see Albert,

"Mr. Albert, what wind brought you here?"

After a warm greeting, Albert asked Taylor about his job.

Hearing this question, Taylor was a little nervous,

"Work? Oh yes, my job, I'm in charge of counting the market selling price and sales volume of steel, and making predictions for the future based on historical data, and the accuracy of my estimates listens, I can explain this, ahem. Please believe me, I am really working hard and this is my latest draft paper"

As he spoke, Taylor took out a draft from a pile of papers and gave it to Albert.

Albert glanced at the title, which was an interesting and short name: "Piecework."

After flipping through a few pages of the paper, Albert was sure that Taylor was indeed working and had not wasted the company's money.

From these words, Albert found an interesting thing,

"Mr. Taylor, do you think management is also a science?"

"Of course!"

Taylor waved his arms excitedly, his eyes shining,

"The Lane Badge should have a special management award to reward the most productive managers!"

Albert did not comment on this matter.

Before leaving, Albert asked one last question,

"Do you think the price of steel will go up or down? What about sales? ”

"Up, of course!"

Taylor said firmly,

"Orders for steamships are almost ten years away, and no matter how much steel we produce, it will not be enough!"

"I see, thanks."

Albert rode in the carriage to the next stop.

At a manor outside the Fog Capital, he met Mr. Adam.

"You're President Albert? You're much younger than I thought. ”

Adam is writing a book that tries to summarize everything about economics, and a lot of people don't think he can do such crazy things, but the company is fully funded.

After a brief pleasantries, Albert asked the same question about steel.

When it came to economics, Adam opened up the conversation.

"This problem should be analyzed from two perspectives, macro and micro."

When Albert left the estate, he was persuaded by Adam.

The price of steel will go down, and so will the sales volume.

He also came to understand a little bit why Mr. Ludon was funding these people, even in the face of strategic contraction, and refused to lay off employees.

According to the employment contract signed by both parties, the company owns a certain copyright of the creation during the employment period, and of course will not take all of it.

The reason why the company did not take it all was not out of residual humanitarian concern, but because these economists disagreed.

The more powerful the economist, the more power he has in the negotiations.

Adam, in the case of the company, was paid £8,000 a year, he was required to give lectures twice a year, and the company owned 5% of the copyright to his writings.

And Taylor?

The company gives him 60 pounds a week, he needs to report regularly on the price trend and prediction of steel, everything he creates is the copyright of the company, and he only enjoys the right to be famous.

Albert's third stop was an economist named David, who was half a student of Adam

As the carriage traveled, Albert visited one economist after another, discussed different topics with different people, and gathered a lot of information.

There are those who are optimistic about the future and see the potential of the small United Kingdom.

Some people are pessimistic about the future, even saying 'In the long run, we are all dead!' That's the kind of thing you say.

Albert's role is more of a listener, absorbing all kinds of economic knowledge like a sponge, and when it comes to mathematical formulas, Albert can easily understand them, while others are more difficult.

Albert was also sometimes mudged by the lake.

Economics is different from other sciences in that there are too many assumptions and premises, and there are contradictions and conflicts between various theories.

Albert was looking for something.

He wondered what Mr. Ludon had foreseen before he made the decision to shrink strategically.

On this day, Albert, who was in the dust, ended a visit to a certain economist.

The other party apparently heard about Albert's recent behavior and was prepared for the visit.

In saying goodbye, the other party suggested to Albert,

"Mr. Albert, we people, always have bread, butter, milk at home. In a place like this, you can't find what you're looking for. ”

Albert stood still, as if a flash of inspiration flashed through his head.

The economist did not have great eloquence, and he had a proud past, and Albert could not even remember the name of the other party.

However, the other party woke up the dreamer with a word.

Back in the carriage, Albert asked the coachman to go to the nearest market.

He barely managed to get out of the carriage because there were so many begging children around the carriage.

It took a lot of effort for Albert to walk into the market and see the prices of the day.

"The price of milk hasn't changed."

Albert is sensitive to numbers, and he is sure that the price of milk has not changed from the previous days.

However, he saw one person after another carrying empty barrels and leaving the market disappointed.

Albert politely asked, "Is the milk sold out?" ”

"There's no milk to sell at all!"

Albert asked again,

"Where's the milk?"

"How do I know this, you should go to the ranch and ask, idiot!"

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