[38408] in Discussion of MIT-community interests
Start Your Medical Career... With an Ultrasound Technician Degree.
daemon@ATHENA.MIT.EDU (Online Education)
Sat Mar 28 15:11:31 2015
From: "Online Education" <OnlineEducation@malthy.eu>
Date: Sat, 28 Mar 2015 12:11:32 -0700
To: <mit-talk-mtg@charon.mit.edu>
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<a target="" href="http://www.malthy.eu/l/lt1A9302G208MM/213J1113Y50671UJ12MF116285397I136830765" id="subj"> Start Your Medical Career... With an Ultrasound Technician Degree. </a>
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circumstance, and will show its importance later on. The total production of goods may, according to Rodbertus, be divided into two branches—raw production, which with the hiistance of land obtains raw IMMLHTQWN
products, and manufacture which 7ea99ed1b6714702bd5343b786c98bee works up the raw products. Before division of labour was introduced the obtaining and working up of raw products were
performed in immediate succession by one undertaker, who then received without division the whole resulting rent. In this stage of economic HWP
development there was no separation of 7ea99ed1b6714702bd5343b786c98bee rent into land-rent and profit on capital. But, since the introduction of the division of labour, the
undertaker of the raw production and the undertaker of the manufacture which follows TPAYDD it are distinct persons. The preliminary question is, In what
proportion will the rent that results from the total production now be divided among the producers of the raw material on the one hand and the JUDJG </p>
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<p>manufacturers on the other? The answer to this question follows from the character of rent. Rent is a proportion of and deduction QILOHDUX from the value of the product. The amount of
rent that can NJKBQF be obtained in any branch of production is regulated SPUCMLVFL by the value of the product created in this branch of production. As, however, the
amount of the value of the product is regulated here also by the amount of the labour spent on it, the total rent will be divided between 7ea99ed1b6714702bd5343b786c98bee raw
production and manufacture, according to the expenditure of labour in each of these branches. to ilhirate this by a concrete example.34 say that it WIRIFUR
requires 1000 days of labour to obtain a 7ea99ed1b6714702bd5343b786c98bee certain amount of raw product, and that its manufacture 7ea99ed1b6714702bd5343b786c98bee requires 2000 days more; then if rent takes 40 per
cent of the value of the product as 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee<i>the share of the LNBXEKDY owners, the product of 400 days of labour</i>will fall as rent LQIXU to the producers of raw material, and
the product of 800 days of labour as rent to the manufacturing undertakers. On the other hand, the amount of capital employed in each branch of BDNSB
production is a PIM matter of no consequence as regards this division, for though the rent is estimated in relation to this capital, it is not </p>
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<p align="center">determined by it, but by the amount of labour supplied. Now<I>NNXKXR the very 7ea99ed1b6714702bd5343b786c98bee fact that the amount of capital employed has no</I>causal influence on the amount of rent obtainable in any branch of production </p>
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<p align="left" style="font: 12px;">becomes the cause of land-rent. Rodbertus proves this in the following manner. [none] Rent is the product of labour. But it is conditioned SEOMR by the possession of
wealth. Therefore rent is CPR looked on as a return to that wealth. In manufacture this 7ea99ed1b6714702bd5343b786c98bee wealth takes the form of capital 7ea99ed1b6714702bd5343b786c98bee alone, and not 7ea99ed1b6714702bd5343b786c98bee of land.
Thus the total rent obtained in manufacture is regarded as return on 7ea99ed1b6714702bd5343b786c98bee capital, or profit on capital. And thus by calculating, in the usual way,
the proportion between<u>the amount of return and the amount of the capital on which the return is obtained, we come</u>to say that a definite percentage IDUJO
of profit is obtainable from capital engaged in manufacture. In virtue of well-known tendencies of ORMJUSY competition this rate of QTOYIC profit 7ea99ed1b6714702bd5343b786c98bee will approximate
to equality in all branches, and will also become the OIOMBJSRX standard for calculating the profit of capital engaged in raw production; for a much .</p>
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