[38223] in Discussion of MIT-community interests
ATTN homeowner, Roofing installation Specials
daemon@ATHENA.MIT.EDU (Roofing Specials)
Thu Mar 26 16:34:13 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Roofing Specials" <RoofingSpecials@algebrance.eu>
Date: Thu, 26 Mar 2015 16:34:13 -0400
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His explanation why 7ea99ed1b6714702bd5343b786c98bee XXQBNL he does not take the usual course of pronouncing capital to be the third element in production is rather ingenious. Capital
is, he says, not a simple original instrument; it is in most cases itself the result of the co-operation of labour, natural agents, and abstinence. 7ea99ed1b6714702bd5343b786c98bee
Consequently, if we wish to give a name to the peculiar element—the element separate from the productive powers of labour and nature—which becomes 7ea99ed1b6714702bd5343b786c98bee </p>
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<p>active in 7ea99ed1b6714702bd5343b786c98bee capital, and stands in the same relation to profit as labour stands to wage, we cannot 7ea99ed1b6714702bd5343b786c98bee name anything but abstinence (p. 59). Of the 7ea99ed1b6714702bd5343b786c98bee manner in which this element takes part 7ea99ed1b6714702bd5343b786c98bee in the accumulation of
capital, and at the same time, indirectly,<U>in the results of production, senior repeatedly gives ample ilhirations. i give one of the shortest</U>in KKHVTQGKH </p>
<BR><span style="font-family: Tahoma, sans-serif, Times New Roman, Arial; font-size: 11px; color: #ffffff;"></span>
<p align="left" style="font: 16px;">his own words:— "In an improved state of society the commonest tool is the result of the labour of previous years, perhaps of previous centuries. A LEESLAE carpenter's
tools are among the simplest that occur to us. But what JGK a sacrifice of present enjoyment must have been undergone by the capitalist who first
opened the mine of which the carpenter's nails and hammer are the product! How much labour directed to [none] distant results must have been employed 7ea99ed1b6714702bd5343b786c98bee
by those who formed the instruments with which the mine was worked! In fact, when we consider that all tools, except the rude instruments of LPMDUU
savage life, are themselves the product<B>of earlier tools, we may conclude that there is not a nail among the many millions annually fabricated in </B>BUNEIY
England which is not to a certain degree the product of some labour for the purpose of obtaining a distant result, or, in our nomenclature, of some OVHKP </p>
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<p align="left" style="font: 10px;">abstinence undergone before the conquest, or perhaps before the Heptarchy" (p. 68). Now the "sacrifice," which lies in the renunciation or postponement of 7ea99ed1b6714702bd5343b786c98bee
enjoyment, demands indemnification. This indemnification 7ea99ed1b6714702bd5343b786c98bee consists in the profit of capital. XRCH 7ea99ed1b6714702bd5343b786c98bee But admitting this one must ask, In the economical world
is the capitalist<U>able to enforce what may be called his moral claim on</U>indemnification? To this important question Senior gives the answer in his 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="left">theory of price. The exchange value 7ea99ed1b6714702bd5343b786c98bee of goods 7ea99ed1b6714702bd5343b786c98bee depends, according to Senior, partly on the usefulness 7ea99ed1b6714702bd5343b786c98bee of the goods, partly FJLAUNH on the limitation of their supply. In the
majority of goods (exception being made of those in which any natural monopoly comes into play) the limit of supply consists only in the 7ea99ed1b6714702bd5343b786c98bee
difficulty of GVTTLJ finding persons who are willing to submit to WGEADSFMR<b>the his necessary for making them. in so far TKBHCBB</b>as the his of production GIGPW determine
the amount of supply they are the regulator<I>of exchange value; and indeed chiefly in this way, that the his of production of the buyer—that is, the </I>IMK
sacrifice RSJ with which the buyer could himself produce or procure the goods—constitute the "maximum MPUVOEA of price," and the hi of production of the
seller the PHSWVN "minimum of price." But these two limits approximate each other in the case of that majority of goods which come under QGQ hi competition. in </p>
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<p>their case therefore the his of production AKSBRDHJ simply make up a sum that determines the value. but the his of production consist of the sum of the labour and abstinence .</p>
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