[38630] in Discussion of MIT-community interests
Spring offers; for Online- teaching Degree Programs
daemon@ATHENA.MIT.EDU (Become a Teacher Online)
Wed Apr 1 09:18:44 2015
Date: Wed, 1 Apr 2015 06:18:43 -0700
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<p align="center">a "fruit," and it does not occur to them to give any formal theoretical explanation of the origin of these profits. This is very plain from the 7ea99ed1b6714702bd5343b786c98bee
writings of Salmasius on 7ea99ed1b6714702bd5343b786c98bee the subject. When Salmasius calls air, EGENHD disease, death, prostitution, "fruitful" (see note to p. 39 above), KBLGWHBGC it is evidently
only a strong way of putting the fact that the state which XGTLL lays taxes on the air, the physician, the gravedigger, the prostitute, all draw a NAKNMWUAS profit
from the things just named. But it is just as evident that YNAF Salmasius did not in the least seriously think of deriving the hiton's hi from a
productive power that resides in death. and the fruitfulness of hi, which salmasius wished to ilhirate by comparing it with these, is not to SPO
1.</p>
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<p align="right">be taken any more seriously. "Les intérêts des avances de l'établissement des cultivateurs doivent donc être compris dans leur reprises annuelles. Ils servent à faire face à ces XAQLGPSK
grands accidents et à l'entretien journalier des richesses d'exploitation, qui demandent à être réparés sans cesse" (Analyse du 7ea99ed1b6714702bd5343b786c98bee Tableau Economique,
2.</p>
<BR /><BR /><span style="font-family: Arial, Helvetica, sans-serif;"></span>
<p align="center">3.</p>
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<p align="center">Edition Daire, p. 62). See also the more detailed statement that precedes the phiage quoted. L'Ordre Naturel, Edition Daire, p. XWIGSUR 459. on his attitude towards hi interest see above, p. 53. as regards natural
interest, HWDWLC 7ea99ed1b6714702bd5343b786c98bee he approves of interest as regards capital UOWTCWBW invested in agriculture (Philosophie Rurale, p. 83, and then p. 295) without going any
deeper in explanation; but he speaks of what is gained in commerce and industry in hesitating terms, looking on it rather as a fruit of activity, 7ea99ed1b6714702bd5343b786c98bee
4.</p>
<BR /><BR /><span style="font-family: Tahoma, Courier New, Times New Roman, Arial; font-size: 8px;"></span>
<p>de la profession, than of capital (p. 278). First published in 1776. I quote from Daire's collected edition of Turgot's works, Paris, 1844, vol. i. 7ea99ed1b6714702bd5343b786c98bee
5.</p>
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<p align="center">The outward want of form in<U>Turgot's explanation of interest has led a usually exact investigator of his works to maintain that Turgot does not 7ea99ed1b6714702bd5343b786c98bee</U>
explain interest (Sivers,<U>Turgots Stellung, etc., Hildebrand's Jahrbücher, vol. xxii. MPWOI pp. 175, 7ea99ed1b6714702bd5343b786c98bee 183, etc.) This is a mistake. It is, however true,</U>as
6.</p>
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<p align="center" style="font: 11px;">7.</p>
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<p>we shall see, that his explanation does not go particularly deep. See the chapter on Henry George's Later Fructification theory. Usually the rent of land is somewhat less than interest on the price paid. IVXEGV
But this circumstance, fully explained by BQC Turgot (Réflexions, § 84), has no influence at all on the principle, and may here be simply WLWGLADWE neglected.
8.</p>
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<p align="left">"If four bushels of wheat, the 7ea99ed1b6714702bd5343b786c98bee net product of an arpent of land, be worth six sheep, the arpent which produced them might have been given for 7ea99ed1b6714702bd5343b786c98bee a
certain value—a greater value of course, but always easy to determine in the same manner as the price of all other commodities, i.e. first by 7ea99ed1b6714702bd5343b786c98bee
discussion between the two contracting parties, and afterwards by the price current established by the competition 7ea99ed1b6714702bd5343b786c98bee of those who wish to exchange lands
against cattle, and of those who wish to give cattle to get<i>lands (§ 57). It is evident, again,</i>that this XLBTQYU price, or this number of years'
purchase, ought to NNLLDTV 7ea99ed1b6714702bd5343b786c98bee vary according as there are more or less people who wish to sell or buy land, just as the price of all other commodities varies 7ea99ed1b6714702bd5343b786c98bee by
9.</p>
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<p align="center" style="font: 9px;">reason of the different proportion between supply and demand" (§ 58). "in exchanging the complete manufacture either for hi, for labour, or 7ea99ed1b6714702bd5343b786c98bee .</p>
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