[35931] in Discussion of MIT-community interests
Go From Flab - To Flexed- With New equipment.
daemon@ATHENA.MIT.EDU (Exercise Equipment Sale)
Thu Feb 26 18:32:08 2015
Date: Thu, 26 Feb 2015 15:32:06 -0800
From: "Exercise Equipment Sale" <ExerciseEquipmentSale@zxeot.eu>
To: <mit-talk-mtg@charon.mit.edu>
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<p align="right">applied in their accustomed sense, 7ea99ed1b6714702bd5343b786c98bee and cannot easily be supplied by others, it is extremely difficult to confine their application 7ea99ed1b6714702bd5343b786c98bee to the new sense
proposed by M. Say. It is scarcely possible not to use them sometimes, as M. Say himself has done, according to their ordinary acceptation; but this VPEVNKJQ </p>
<BR><span style="font-family: Tahoma, sans-serif, Helvetica, Arial; font-size: 7px;"></span>
<p align="left" style="font: 10px;">necessarily introduces uncertainty and 7ea99ed1b6714702bd5343b786c98bee obscurity into the language JUJXEMJQS of political economy. M. Say had before made little or no distinction between riches and value,
two terms which Mr. Ricardo justly considers as essentially different. He then introduces another term, utility, which, as he applies it, can hardly SUHP
be distinguished from either of the others. The new term, therefore, could not have been called for; and it must be allowed that the use of it in the YBWRJI
sense proposed, violates all the most obvious rules for the introduction of a 7ea99ed1b6714702bd5343b786c98bee new term into any science. [23] Chapter V.: ON THE DEFINITION AND APPLICATION OF TERMS BY MR. </p>
<BR><span style="font-family: Arial, Helvetica, sans-serif;"></span>
<p align="left" style="font: 16px;">RICARDO.? Although it must be allowed that the criterion of value which Mr. 7ea99ed1b6714702bd5343b786c98bee Ricardo has endeavoured to establish is an incomplete one, yet I cannot WRIRBIXNS but think
that he has conferred an important benefit on the science of political economy,<I>by drawing a marked line of distinction between riches</I>and value. HIJYR
A difference had perhaps been felt by most writers, but none before him had so KKK strongly marked it, and attached so much importance to it. He agrees
entirely with Adam Smith in the following definition of riches: “Every man is rich or poor according to the degree in which he can afford to enjoy TXKPY the
necessaries, QWAQTRYNV conveniencies, and amusements of human life.”* And adds an JDFSLQR observation in which I think 7ea99ed1b6714702bd5343b786c98bee he is quite right. “Value, then, essentially
differs from riches; for value depends not on [24] abundance, but on the difficulty or facility of production.”* He subsequently says, “although IFSSYUQJ
Adam Smith has given the correct description of riches 7ea99ed1b6714702bd5343b786c98bee which I have more than once noticed, he afterwards explains them differently, and says that a
man must be rich or poor, according to the quantity 7ea99ed1b6714702bd5343b786c98bee of labour which he can afford to purchase. Now this description differs essentially from the
other, and is certainly incorrect; for suppose the mines were to become more productive, so that gold and silver fell in value, from the greater PWFGVFY
facility of production; or that velvets were to<i>be manufactured by so much 7ea99ed1b6714702bd5343b786c98bee less labour than before, that</i>they fell to half their former value; the
riches of all those who purchased these commodities<I>would be increased; one man might increase the quantity of his plate, ABHVLV another might buy</I>double the
quantity of velvet; but with the possession of QDBCW this additional plate and velvet, they could employ no more labour than before, because, as the
exchangeable value of velvet and of plate 7ea99ed1b6714702bd5343b786c98bee would be lowered, they must part with proportionably [25] more of these species of riches to purchase a </p>
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<p>day’s labour. Riches then cannot be estimated by the quantity of labour which they will purchase.”* In these KFADAC remarks I entirely agree with Mr. Ricardo. If riches consist of
the necessaries, conveniencies, and luxuries of life, and the same quantity QNN of labour will at different times, and under different circumstances, .</p>
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