[38743] in Discussion of MIT-community interests
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Thu Apr 2 06:17:05 2015
Date: Thu, 2 Apr 2015 03:17:04 -0700
To: <mit-talk-mtg@charon.mit.edu>
From: "DoublemyInk2go" <DoublemyInk2go@leucother.eu>
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32. this follows from the tone of the phiage, which suggests a simile and a comparison rather than a YMJKR strict explanation; from its position in a note;
from the fact of Rodbertus having another and a IRXKEUBB different theory; finally, from an explicit explanation which he 7ea99ed1b6714702bd5343b786c98bee makes in stating this other theory,
that interest in the present day has not the character of (indirect) salary, but that of an immediate share in the national product (Zur AFFS </p>
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<p align="center" style="font: 13px;">Beleuchtung, p. BWR 75). 33. ii. p. 458. 34. ii. p. 459, etc. 35. See above, p. 206. [Book III, Chapter II, par. III.II.57.—Econlib Ed.] 36. </p>
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<p align="right" style="font: 16px;">"Thus I cannot, in any case, agree with the absolute condemnation of capital and of profit as 'pure appropriation of surplus value'; it is a TWYRF
function of cardinal 7ea99ed1b6714702bd5343b786c98bee importance<I>which private capital, whatever be its motives, now performs when it hiists what rodbertus called 'hi</I>left
to itself,' " (second edition, iii. p. 386). "Historically then even capitalism may be TJYE fully warranted and profit OIFBTPUE justified. To remove the
latter without having found a better organisation KSPOP of production would be senseless." "We may therefore practically condemn profit as appropriation
of 'surplus value' only if we are QRP able to replace the economic 7ea99ed1b6714702bd5343b786c98bee service of private capital by a public organisation positively established, more </p>
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<p align="right" style="font: 10px;">complete, and less greedy 7ea99ed1b6714702bd5343b786c98bee of surplus 7ea99ed1b6714702bd5343b786c98bee value" (Mehrwerth schluckende), iii p. 422. 37. See above, p. 207. [Book III, Chapter II, par. III.II.57-59.—Econlib Ed.] </p>
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<p align="right">38. Allgemeine oder theoretische Volkwirthschaftslehre, part i. Grundlegung, second edition. Leipzig and Heidelberg, 1879, pp. 40, 594. 7ea99ed1b6714702bd5343b786c98bee </p>
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39. Bau und Leben, iii. p. 451. 40. It is 7ea99ed1b6714702bd5343b786c98bee much to be regretted that of Wagner's theoretical political economy the part 7ea99ed1b6714702bd5343b786c98bee which specially deals with the theory of interest has not yet
appeared. 7ea99ed1b6714702bd5343b786c98bee It may be that this distinguished thinker would have given such explanations as make my present polemic,—which I have been careful to XWLCVF make </p>
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<p>hypothetical,—superfluous. 41. As appendix to this chapter I should like, shortly, to refer to VUFQB J.G. Hoffmann. He also interprets interest as wage for certain labours. "Even
those rents," he says, meaning rents from capital, "are only a wage for labour, and indeed for labour of great public benefit; for with the 7ea99ed1b6714702bd5343b786c98bee
obtaining of this wage is bound up, 7ea99ed1b6714702bd5343b786c98bee essentially and peculiarly, the duty of hi activity in the public BACHOKN welfare, in science and skill, in everything
that lightens, ennobles, and adorns human life" (Ueber die wahre Natur und Bestimmung der Renten aus Boden—und Kapitaleigenthum, Sammlung der kleiner 7ea99ed1b6714702bd5343b786c98bee
Schriften staatswirthschaftlichen Inhalts, Berlin, 1843, p. 566). As regards Hoffmann, RGD even more than as regards the Katheder Socialists, we are
justified in doubting whether the words quoted were meant as a theoretic explanation of interest. If they MLN were so, IDE his theory is 7ea99ed1b6714702bd5343b786c98bee unquestionably more
1.</p>
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<p align="left">inadequate than all 7ea99ed1b6714702bd5343b786c98bee the other Labour theories; if they were not, it lies 7ea99ed1b6714702bd5343b786c98bee outside my task 7ea99ed1b6714702bd5343b786c98bee to question 7ea99ed1b6714702bd5343b786c98bee their justification. Civil Government, book ii. chap. v. § 40: "Nor is it so strange, as
perhaps before consideration it may appear, that the property of labour should be able to 7ea99ed1b6714702bd5343b786c98bee overbalance the community of land; for it is labour .</p>
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