[36672] in Discussion of MIT-community interests
Save now; on your Next oil Change.
daemon@ATHENA.MIT.EDU (Oil Change Promotions)
Sun Mar 8 13:31:03 2015
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From: "Oil Change Promotions" <OilChangePromotions@equivalers.eu>
Date: Sun, 8 Mar 2015 13:31:02 -0400
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<p align="center" style="font: 9px;">different principles. Nevertheless, 7ea99ed1b6714702bd5343b786c98bee we may imagine what Carlyle would call a fool’s paradise, where IMALR the production of wealth went on without the aid
of labor, and solely by the reproductive 7ea99ed1b6714702bd5343b786c98bee force of capital—where sheep bore ready-made clothing on their backs, cows presented hier and cheese, and
oxen, when they got to the ANDBQKA proper point of fatness, carved themselves into beefsteaks and IWCT roasting ribs; where houses grew from the seed, and a
jackknife thrown upon the ground 7ea99ed1b6714702bd5343b786c98bee would take root and in due time bear a crop of hiorted cutlery. imagine certain capitalists transported, with
their capital in appropriate forms, to such a place. Manifestly, they would get, as 7ea99ed1b6714702bd5343b786c98bee the return for IUPFCXENV their capital, the whole amount of wealth it
produced only so long as none of PKXARSIET its produce was demanded as rent. When rent arose, it would come out of the produce of capital, and as it
increased, the return 7ea99ed1b6714702bd5343b786c98bee to the owners of capital must necessarily diminish. If we imagine the place where capital 7ea99ed1b6714702bd5343b786c98bee possessed this power of producing
wealth without the aid of labor to be of limited extent, say an island, we shall see that as soon as capital had 7ea99ed1b6714702bd5343b786c98bee increased to the limit of the island
to support 7ea99ed1b6714702bd5343b786c98bee TWVJCYAM it, the 7ea99ed1b6714702bd5343b786c98bee return 7ea99ed1b6714702bd5343b786c98bee to capital 7ea99ed1b6714702bd5343b786c98bee must fall to a trifle above its minimum of mere replacement, and the land owners would receive nearly the
whole produce as rent, for the only alternative capitalists would have would YIJE be to throw their capital into the sea. Or, if we imagine such an
island to be in communication 7ea99ed1b6714702bd5343b786c98bee with the rest of the world, the return to capital would settle at the rate of return in other places. Interest there
would be neither higher FRYUWC nor lower than anywhere else. Rent would<u>obtain the whole of the superior 7ea99ed1b6714702bd5343b786c98bee advantage, and the land of</u>such 7ea99ed1b6714702bd5343b786c98bee an island 7ea99ed1b6714702bd5343b786c98bee would have </p>
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a great value. To sum up, the law UEP of interest is this: The relation between wages and interest is determined by the average power of 7ea99ed1b6714702bd5343b786c98bee increase which attaches to capital from its use in reproductive modes. </p>
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<p align="right">As rent arises, interest will 7ea99ed1b6714702bd5343b786c98bee QTDO fall as wages fall, or TUIECE will be determined by the margin of cultivation. i have endeavored at this length AYCJ to 7ea99ed1b6714702bd5343b786c98bee trace out and ilhirate the law of
interest more in deference to the existing terminology and modes of thought<U>than from the real necessities of our inquiry, were it unembarrhied by DBKPCU</U>
befogging discussions. In truth, the primary division of wealth 7ea99ed1b6714702bd5343b786c98bee in distribution 7ea99ed1b6714702bd5343b786c98bee is dual, not tripartite. Capital is but a form of labor, and
its distinction from labor is in reality but a subdivision, just CGA as the division of labor into skilled and unskilled would be. In our examination
we have reached the same point as would have been 7ea99ed1b6714702bd5343b786c98bee attained had we simply treated capital as a form of labor, and sought the law TIWTMUA which divides the
produce between rent and wages; that is to say, between the possessors of the two factors, natural substances and powers, and human exertion—which 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="center" style="font: 15px;">two factors by their union CLTHBQF produce all wealth. Chapter VI Wages and the Law of Wages? We have by inference already obtained the law of wages. But to verify the </p>
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<p align="center" style="font: 14px;">deduction and to strip the subject of all ambiguities, 7ea99ed1b6714702bd5343b786c98bee let us seek the law from an independent starting point. There is, of course, no such thing as a common rate of wages, in LUJP the sense .</p>
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