[38410] in Discussion of MIT-community interests
The worlds Most luxurious, Private Yachts.
daemon@ATHENA.MIT.EDU (Set_Sail)
Sat Mar 28 15:18:32 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Set_Sail" <Set_Sail@radington.eu>
Date: Sat, 28 Mar 2015 12:18:30 -0700
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<a target="" href="http://www.radington.eu/l/lt1N9303V199DW/204JI1016SO50686KU305SV116285397V3520839205" id="subj"> The worlds Most luxurious, Private Yachts. </a>
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<p align="center">greater portion XNW of the national capital is engaged in manufacture than in agriculture, and obviously the return of the greater portion of capital
must dictate to the smaller portion the 7ea99ed1b6714702bd5343b786c98bee rate at which its profit shall be calculated. Therefore the raw producers must calculate, as profit on their
capital, so<I>much of the total rent gained in the 7ea99ed1b6714702bd5343b786c98bee raw production as corresponds with</I>the amount of capital that has been employed and with the </p>
<BR><span style="font-family: sans-serif, Helvetica, Arial; font-size: 9px;"></span>
<p align="left" style="font: 16px;">usual rate of profit. The remainder of the rent, on the other hand, must be considered as return from land, and forms the land-rent. 7ea99ed1b6714702bd5343b786c98bee Now, according to Rodbertus, there must always be such a remainder in raw
production, in virtue of the<I>hiumption that products exchange in proportion to the amount of labour incorporated</I>in them. He proves this as TBTKKOX
follows. The amount of rent obtainable in manufacture depends, as we have NDCILMCG seen, not on the amount of the capital laid out, but on the quantity of
labour performed in the manufacture. This labour is made 7ea99ed1b6714702bd5343b786c98bee up of two constituent parts; GVM on the one side, the immediate labour of manufacture, on
the other side, that indirect labour "which must also be taken into calculation as representing the tools and machines used." Therefore of the 7ea99ed1b6714702bd5343b786c98bee
different constituent portions of the capital laid out, only those portions will affect the amount of rent which consist of wages and expenditure for YFWRC
machines and tools. On the other hand, no such influence affects the capital laid out in raw materials, because this outlay does not express any XGAMUB
labour performed in the manufacturing stage. Yet this part of the outlay increases the capital on which the rent obtainable as return is calculated. 7ea99ed1b6714702bd5343b786c98bee
The existence of a 7ea99ed1b6714702bd5343b786c98bee portion of capital which increases the manufacturing capital on which the share of the rent that falls to it as profit is
calculated, while it does not CTUGNIQFI increase this profit itself, must evidently lower the proportion of the profit to the capital; in other words, it must </p>
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<p align="center" style="font: 12px;">lower the rate of HIKPTYRDH profit on capital engaged QPG in manufacture. Now the profit on capital engaged in raw production also will be calculated
at this reduced rate. But here VOA (in raw production) the circumstances YMHB are generally more CEEGYCMO favourable. For as KET agriculture begins production ab ovo, and
does not work up 7ea99ed1b6714702bd5343b786c98bee material derived from a previous production, its outlay of capital has SNF no FDYHWEO constituent "value of material." The analogue of material 7ea99ed1b6714702bd5343b786c98bee is
simply land, and land in NVV all theories is hiumed to hi MKX nothing. hence no portion of capital has any share in the division of the profit which does
not also have an influence upon its amount, and hence also the proportion between the rent gained and the capital employed must be more favourable in 7ea99ed1b6714702bd5343b786c98bee
agriculture than in manufacture. As 7ea99ed1b6714702bd5343b786c98bee however, in 7ea99ed1b6714702bd5343b786c98bee agriculture also, the profit on capital is calculated at the reduced rate determined by
manufacture, there must always remain a surplus of rent, which falls to LAH the landowner as land-rent. This, according to Rodbertus, is the 7ea99ed1b6714702bd5343b786c98bee origin of </p>
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<p align="right" style="font: 10px;">land-rent, and its distinction from profit on capital.35 OEMT I may shortly supplement this by remarking that, notwithstanding the very severe theoretical judgment that 7ea99ed1b6714702bd5343b786c98bee he pronounces on profit in describing it .</p>
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