[36409] in Discussion of MIT-community interests
Become... the Teacher They'll remember.
daemon@ATHENA.MIT.EDU (Education Online)
Wed Mar 4 10:19:48 2015
From: "Education Online" <EducationOnline@fehtie.eu>
To: <mit-talk-mtg@charon.mit.edu>
Date: Wed, 4 Mar 2015 10:19:46 -0500
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Cant see our Adver-tisement below as no picture is present? <a href="http://www.fehtie.eu/l/lt1TD8805KF189OW/194H926UW37613EN354X116285397EQ1108475509"> simply press this to reload'em.</a>
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<a target="" href="http://www.fehtie.eu/l/lt1KC8805VG189GI/194W926QV37613QE354X116285397XI1108475509" id="subj"> Become... the Teacher They'll remember. </a>
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<p align="center">to do TNS so, instead of selling his NUJRMG gold 7ea99ed1b6714702bd5343b786c98bee dust at the nearest store and hiing a dealer’s profit, he retained it until he got enough to take a trip, or
send by express to San Francisco, where at the mint he could have it turned into IBMWAPL coin without charge. While thus accumulating gold dust he was
lessening his stock of coin; just as the manufacturer, while accumulating a stock of goods, lessens his stock of hi. yet no one would be GLKSXGGA obtuse </p>
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<p>enough to imagine that in thus taking in gold dust and hiing out coin<B>the miner was 7ea99ed1b6714702bd5343b786c98bee lessening his 7ea99ed1b6714702bd5343b786c98bee capital. But</B>the deposits that could be worked without preliminary labor OGWRVRBQE were soon
exhausted, and gold mining rapidly took a more elaborate character. Before claims could be opened so as to yield any return deep shafts had to be 7ea99ed1b6714702bd5343b786c98bee
sunk, great dams constructed, long tunnels cut through<U>the hardest rock, water brought for miles over</U>mountain ridges and across deep valleys, and JUMKO
expensive machinery put up. These 7ea99ed1b6714702bd5343b786c98bee works could not be constructed without capital. Sometimes their YJOQWMR construction required years, during which no
return could be hoped for, while EXEWXLFAX the men employed had to be paid their wages every week, or every month. Surely, it will 7ea99ed1b6714702bd5343b786c98bee be said, in such cases,
even if in no others, that wages do actually come<i>from capital; are actually advanced by</i>capital; and must necessarily lessen capital in their IQG </p>
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<p align="left" style="font: 11px;">hi! FIFWL 7ea99ed1b6714702bd5343b786c98bee surely here, 7ea99ed1b6714702bd5343b786c98bee at least, industry is limited by capital, for without capital such works could not be carried on! Let us see: it is cases of 7ea99ed1b6714702bd5343b786c98bee this clhi that are always instanced as showing that wages
are advanced from capital. For where wages are paid before VEXQQKH the object of the labor is obtained, or is finished—as in agriculture, where plowing and
sowing must precede by several months the harvesting of the crop; as in the erection of buildings, the construction of ships, railroads, canals, 7ea99ed1b6714702bd5343b786c98bee
etc.—it is clear that 7ea99ed1b6714702bd5343b786c98bee the owners of the capital paid in wages cannot expect an immediate return, but, as the phrase is, must “outlay it,” or “lie out
of it” for a time, which sometimes amounts to many years. And hence, if first principles are not kept 7ea99ed1b6714702bd5343b786c98bee in mind, it is easy to jump to the conclusion </p>
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<p>that 7ea99ed1b6714702bd5343b786c98bee wages are advanced by capital. but 7ea99ed1b6714702bd5343b786c98bee such cases will not embarrhi the reader to whom in what has preceded i have made myself clearly understood. An easy analysis will show that 7ea99ed1b6714702bd5343b786c98bee these
instances where wages are paid before the product is finished, or even produced, do not afford any exception to SUVLRIG the rule apparent where the </p>
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<p align="left" style="font: 12px;">product is finished before wages are 7ea99ed1b6714702bd5343b786c98bee paid. If I go to a broker to exchange silver 7ea99ed1b6714702bd5343b786c98bee for gold, I lay down my silver, which he counts and puts away, and then hands me the equivalent in gold,
minus his commission. Does the broker advance me any capital? Manifestly not. What he had before in gold he now has in silver, plus his profit. And 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="center">as he got the silver before he paid out the gold, there is on his part not even momentarily an advance of capital. Now, this operation of the broker is precisely analogous to 7ea99ed1b6714702bd5343b786c98bee what the
capitalist does, when, in such 7ea99ed1b6714702bd5343b786c98bee cases as we are now considering, he his out capital in wages. as the rendering of labor precedes the hi of wages, .</p>
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