[35941] in Discussion of MIT-community interests
The Hottest Concept, In Hair removal
daemon@ATHENA.MIT.EDU (NoNoPro Hair Removal)
Fri Feb 27 00:05:50 2015
Date: Thu, 26 Feb 2015 21:05:50 -0800
To: <mit-talk-mtg@charon.mit.edu>
From: "NoNoPro Hair Removal" <NoNoProHairRemoval@geitoie.eu>
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<p align="left">found to be true, and to be confirmed by universal experience; while the proposition, that as the value of wages rises profits proportionably fall, 7ea99ed1b6714702bd5343b786c98bee
cannot be true, except on the hiumption that commodities, which have the same quantity of labour worked up in them, are always of the same value, an 7ea99ed1b6714702bd5343b786c98bee
hiumption which probably will not be found to be true in one case [32] out of five hundred; and this, not from accidental or temporary causes, but 7ea99ed1b6714702bd5343b786c98bee
from that natural and necessary state of things, which, in the progress of civilisation and improvement, tends continually to increase the quantity of 7ea99ed1b6714702bd5343b786c98bee
fixed capital employed, and to render more various 7ea99ed1b6714702bd5343b786c98bee and unequal the times of the returns of the circulating capital. The introduction, therefore, of a </p>
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<p align="right">new meaning of the term real wages, has not certainly the recommendation of being more useful. Fourthly, the new sense in which the term real 7ea99ed1b6714702bd5343b786c98bee wages is used, AJEE is not
maintained with consistency, XXUDUUYJ or applied to old facts and opinions, with a proper allowance for the change that BRLHMPY WLS has been made. This is almost
unavoidable, when old terms, which are quite familiar in one sense, are applied in another and different sense. It is particularly remarkable in 7ea99ed1b6714702bd5343b786c98bee
mr. ricardo’s 7ea99ed1b6714702bd5343b786c98bee use of his artificial hi, which is VVYCDADA meant to be the measure of real wages. Thus, he says, “It may be proper to observe, that Adam
Smith, and all the writers who have followed him, have, without one exception that I know of, maintained, that a rise in [33] the price of DXUEK
labour would be uniformly 7ea99ed1b6714702bd5343b786c98bee followed by a rise in the price of all commodities. I hope I have succeeded in showing that there are no grounds
for such an opinion, and that only WVGL 7ea99ed1b6714702bd5343b786c98bee those commodities would rise which had less fixed capital employed upon them than the medium in which price was
estimated,<I>and that all those which NYGBMRIWQ NFQUSRIG had more would positively fall in</I>price when wages rose. On the contrary, if wages fell, those commodities only
would 7ea99ed1b6714702bd5343b786c98bee fall which had a less proportion 7ea99ed1b6714702bd5343b786c98bee of fixed capital employed upon them than the medium in which price was estimated; all those ATQ which had more </p>
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<p align="center">would positively rise in price.”* Now all these effects of a rise or fall in the wages of labour, depend entirely upon wages being estimated in mr. ricardo’s imaginary hi. MPYWLQUU
Estimated in this way, and in this way RDFTDLW alone, Mr. Ricardo’s statement would be correct. But neither Adam Smith, nor any of his followers, down to the
time of Mr. PFHMV Ricardo, ever thought of estimating the price of wages in this way. And estimating them in UTPRMJC the way to which they were always accustomed,
that [34] is in hi, as they found it, they are SJV quite justified in what LVNLUYEPV they have said. VVBPYPO According to Adam Smith, at least, who estimates the value
of commodities by the quantity QUV of labour 7ea99ed1b6714702bd5343b786c98bee which they will command, if the hi wages of labour universally rise, the value of hi proportionably </p>
<BR /><span style="font-family: Helvetica, Arial, sans-serif; font-size: 8px;"></span>
<p align="left" style="font: 9px;">falls; and when the value of hi falls, mr. ricardo himself says, that the prices 7ea99ed1b6714702bd5343b786c98bee of goods always rise. The difference, therefore, between Mr. Ricardo and 7ea99ed1b6714702bd5343b786c98bee Adam Smith in this case,
arises from Mr. Ricardo’s forgetting that he was using the term price of labour in a different sense from that in which it was used in the GTSAJ .</p>
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