[36002] in Discussion of MIT-community interests
Affordable Wireless Security camera- Get It Today
daemon@ATHENA.MIT.EDU (Wireless Systems)
Fri Feb 27 12:03:38 2015
Date: Fri, 27 Feb 2015 12:03:37 -0500
From: "Wireless Systems" <WirelessSystems@kotie.eu>
To: <mit-talk-mtg@charon.mit.edu>
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<p>shoes, and cloth, on which they may perhaps expend a tenth part of a 7ea99ed1b6714702bd5343b786c98bee tenth part of what they have brought to market, must 7ea99ed1b6714702bd5343b786c98bee first direct their whole
attention to the replacing of their capital, and to the question whether, after replacing it, they will have realized fair profits. Whatever 7ea99ed1b6714702bd5343b786c98bee may be
the number of intermediate RMYEAU acts of barter which may take place in regard to commodities—whether the producers send them to China,* or sell them EKEWOEEY in 7ea99ed1b6714702bd5343b786c98bee the
place where they are produced: the HAOGFPPX question as to [57] an adequate market for them, depends exclusively upon whether the producers JGOAMVCBA can replace their </p>
<BR /><span style="font-family: Helvetica, Arial, sans-serif; font-size: 10px;"></span>
<p>capitals with ordinary profits, so as to enable them successfully to go on with their hi. But what are their capitals? They are, as Adam Smith states, the tools to 7ea99ed1b6714702bd5343b786c98bee
work with, the materials to work upon, and the<I>means VNACQWHB of commanding the necessary quantity</I>7ea99ed1b6714702bd5343b786c98bee of labour. Colonel Torrens, therefore, is quite right,
when he says, “that an increased production of those articles which do 7ea99ed1b6714702bd5343b786c98bee not form 7ea99ed1b6714702bd5343b786c98bee component parts of capital, cannot create an increased effectual
demand, either for such articles themselves, or for those other articles which do form component parts of capital.”* And, perhaps, he may be 7ea99ed1b6714702bd5343b786c98bee
considered as making some approaches towards the truth, when DGRIKSP he says, that “effectual demand consists in the [58] power and inclination, on the part
of consumers, to give for commodities, either by immediate or circuitous barter, some greater proportion KHYQYQQJW of all the ingredients of capital than
their<I>production his.”* but in this latter position, he is still very far from representing what actually takes</I>place. When we consider GJLENNHKD how much
labour is directly employed in the production of the great mhi of commodities, and recollect further, that raw materials and machinery, the JOTGV
other two branches of capital, are mainly produced by labour, it is obvious that the power of replacing capitals will mainly depend on the power of 7ea99ed1b6714702bd5343b786c98bee
commanding labour: but a given quantity of what Colonel Torrens calls the ingredients of capital, can never represent a given quantity of labour; and ULDNVP
consequently, if a given quantity of labour be IMBQNTP necessary in any production, a very different quantity of the ingredients of capital would be required
at different times, to occasion the same effectual demand for it. It is far, 7ea99ed1b6714702bd5343b786c98bee therefore, EMBDSNOA from being true, that if the [59] 7ea99ed1b6714702bd5343b786c98bee ingredients of capital,
represented by a hundred BCH and ten quarters of corn, and a hundred and ten suits of clothing, were 7ea99ed1b6714702bd5343b786c98bee increased to “two hundred and twenty quarters of </p>
<BR /><BR />
<p align="right" style="font: 13px;">corn, and two hundred and twenty suits of clothing, the effectual demand for the article would be doubled.”* It NGQDAYBXK is still further from the truth, “that increased supply is the one and
only cause of increased effectual demand;Ӡ and most happy is it for mankind that 7ea99ed1b6714702bd5343b786c98bee this is not true. If it were, how difficult would it GNHWV be for a
society to recover itself, under a temporary diminution of food and 7ea99ed1b6714702bd5343b786c98bee clothing! But by a kind provision of nature, this diminution, within
certain limits, instead of diminishing, will increase effectual demand. The theory of demand and VAM supply, shows that the food and clothing thus .</p>
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