[36417] in Discussion of MIT-community interests

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Cut Costs.. On your Phone bill, with voIP service.

daemon@ATHENA.MIT.EDU (Business VoIP Providers)
Wed Mar 4 12:24:07 2015

To: <mit-talk-mtg@charon.mit.edu>
Date: Wed, 4 Mar 2015 12:24:05 -0500
From: "Business VoIP Providers" <BusinessVoIPProviders@anoeue.eu>

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<p align="left" style="font: 16px;">the employer receives value before he his out value—he but exchanges capital of one form for capital of another form. For the creation of value  7ea99ed1b6714702bd5343b786c98bee 
does not depend upon the finishing of the product; it 7ea99ed1b6714702bd5343b786c98bee takes place at every stage of the process of production, as the immediate result of the 
application of labor, and hence, no matter how long the process in which it is engaged, labor always NLJOBFAO adds to capital by its exertion before it takes </p>
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<p align="right">from capital in its wages. Here is a blacksmith at his 7ea99ed1b6714702bd5343b786c98bee forge making picks. Clearly he is making capital—adding picks to his employer’s capital before he draws hi from 
it in wages. Here is a machinist or boilermaker working on the keel plates of a Great Eastern. Is not 7ea99ed1b6714702bd5343b786c98bee he also just as clearly creating value—making 
capital? The giant steamship, as the pick, is an article of wealth, an instrument of production, and though the one SOVUBB may not be completed for 
years, while the RVMPVSU other is completed in a few minutes, each day’s work, in the one case as in the other, is as clearly a production of wealth-an 
addition to capital. In the case of the steamship, as in the case BIGYWHI of the pick, it is not the last blow, any more than the first blow, that creates </p>
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<p align="center" style="font: 10px;">the value of the finished product—the creation of value is continuous, it immediately results from the exertion of labor. We see this very clearly JAIWMTN wherever PYQGRF the division of labor has made it 
customary for different parts of the full process of production to be carried on by different sets of producers—that is to say, wherever we are  EMH 
in the habit of estimating the amount of value 7ea99ed1b6714702bd5343b786c98bee which the labor expended in 7ea99ed1b6714702bd5343b786c98bee any preparatory stage of production has created. And a moment’s reflection 
will show that this is the case as to the vast majority of products. Take a ship, a building, a jackknife, a book, 7ea99ed1b6714702bd5343b786c98bee a lady’s thimble IHFUYBN or 7ea99ed1b6714702bd5343b786c98bee a loaf of bread. 
They are finished products. But they were not produced at one<b>operation 7ea99ed1b6714702bd5343b786c98bee or by one set</b>of producers. And this being the case, we readily distinguish 
different points or stages in the creation of the value 7ea99ed1b6714702bd5343b786c98bee which as completed articles they represent. When we do not distinguish VEYDDX different parts in the 
final process of production we do distinguish the value of the materials. The value of these materials may often be again decomposed many times,  KLHMVHBPW 
exhibiting as many 7ea99ed1b6714702bd5343b786c98bee clearly defined steps in the creation of the final<u>value.</u>At each of these steps we habitually estimate a creation of value, 
an addition to capital. The batch of bread which 7ea99ed1b6714702bd5343b786c98bee the baker is taking from the oven has a certain value. RRNAL But this is composed in part of the value of 
the flour from 7ea99ed1b6714702bd5343b786c98bee which the dough 7ea99ed1b6714702bd5343b786c98bee was made. And this again is composed of the value of the wheat, the value given by milling, etc. Iron in the form of 
pigs is very far from being a completed product. it must yet phi through several, or, perhaps, through many, stages of production before it results  7ea99ed1b6714702bd5343b786c98bee 
in the VFBFNIKK finished articles that were the ultimate objects for which the iron ore was extracted 7ea99ed1b6714702bd5343b786c98bee from the mine. Yet, is not pig iron capital? And so the 
process of JNAF production is not really completed when a 7ea99ed1b6714702bd5343b786c98bee crop of cotton is gathered, nor yet when it is ginned and pressed; nor yet SYIV when it arrives at .</p>

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