[38420] in Discussion of MIT-community interests

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Stop The battle- With Alcohol

daemon@ATHENA.MIT.EDU (Alcohol Rehabilitation)
Sat Mar 28 19:11:39 2015

From: "Alcohol Rehabilitation" <AlcoholRehabilitation@locategor.eu>
Date: Sat, 28 Mar 2015 16:11:40 -0700
To: <mit-talk-mtg@charon.mit.edu>

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The whole future product, or its whole future value, at a OQNXOAF future period of time. But it very often happens that the labourer cannot or will not wait till 
his product be fully completed. Our<u>labourer, YONLBNSQ for instance, at the expiry of a</u>year, wishes to receive a part hi VYO corresponding to the time he 
has worked. The question is, How is this to be measured in accordance with the above proposition? I 7ea99ed1b6714702bd5343b786c98bee do not think there can DXKQ be a moment's doubt about 
the answer. The labourer has got his due if he now receives the whole of what he has made up till now. ESDDMI Thus, for example, if up till now he has 
produced a heap of brhi, iron, or steel, in the raw state, then he will receive his due if he is handed over just this entire heap of brhi, iron,  7ea99ed1b6714702bd5343b786c98bee 
or steel, or the entire value which this heap of materials BNIRHXP has, and of course the value which it has now. I do not think that any socialist </p>
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<p align="left" style="font: 9px;">whatever could have anything to object to in this conclusion. Now, how great will this value be in proportion to the value of the completed steam-engine? This is a point on which a superficial thinker may  VYXXPN 
easily make a mistake. The point is, the labourer has up till<I>now performed a fifth part of the technical work which the</I>production of the whole engine  7ea99ed1b6714702bd5343b786c98bee 
requires. Consequently, 7ea99ed1b6714702bd5343b786c98bee on a superficial glance, one is tempted to infer that his present product will possess a fifth part of the value of the </p>
<BR>
<p align="center">whole product—that is, a value of £110. On this view the labourer ought to receive a year's wage 7ea99ed1b6714702bd5343b786c98bee of £110. 7ea99ed1b6714702bd5343b786c98bee [none] This, however, is incorrect. £110 are 7ea99ed1b6714702bd5343b786c98bee a fifth part of the value of a 
steam-engine when completed. But what the labourer has produced up till now is JSBE not a fifth part of an engine that is already completed, but only a 
fifth part of an engine that will not be completed till four years more have 7ea99ed1b6714702bd5343b786c98bee elapsed. And these are two different things; not different in virtue 
of a sophistical quibble, but different in very fact. The 7ea99ed1b6714702bd5343b786c98bee one-fifth part has a different value from the other so surely as, in the valuation of 
to-day, an entire and finished engine has a different value<I>from an engine that will only be ready</I>for use in four years; so surely as, generally  7ea99ed1b6714702bd5343b786c98bee </p>
<BR><BR>
<p align="left">speaking, present goods have a different KWE value in the present from future goods. That present goods, in the estimation of the 7ea99ed1b6714702bd5343b786c98bee present time, in which our 
economical transactions take place, have a higher value than future goods of the same kind and quality, is one of the most widely known and most  BDEL 
important VKEANQIQH economic facts. In the second volume of this work I shall have to make thorough examination into the causes to SIORXMQVK IKUCNY which 7ea99ed1b6714702bd5343b786c98bee ONFPQLCOV this fact owes its 
origin, into the many and various ways in which it shows itself, and into the no less many and various consequences to which it leads in economic  GQL 
life; and that examination 7ea99ed1b6714702bd5343b786c98bee will be neither so easy nor so simple as the simplicity of the fundamental thought seems to promise. But in the meantime 
I think I may be allowed to appeal to the fact that present goods have a higher value than similar kinds of goods in the future, as one that is  7ea99ed1b6714702bd5343b786c98bee 
already put beyond dispute by the most ordinary experience of everyday life. If one were to give a thousand persons the choice whether they would  AYCHUKXM .</p>



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