[36685] in Discussion of MIT-community interests

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daemon@ATHENA.MIT.EDU (Save With Coupons)
Sun Mar 8 18:16:46 2015

Date: Sun, 8 Mar 2015 15:16:47 -0700
From: "Save With Coupons" <SaveWithCoupons@novelihood.eu>
To: <mit-talk-mtg@charon.mit.edu>

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<p align="left">fearful of the practical conclusions to which it would lead, 7ea99ed1b6714702bd5343b786c98bee preferred to ignore and cover 7ea99ed1b6714702bd5343b786c98bee it up, rather than use it as the key to problems which </p>
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<p align="left">without it are DLFVVJYDG so perplexing. A great truth to an age which has rejected and hiled on it, is not 7ea99ed1b6714702bd5343b786c98bee a word of peace, but a sword! Perhaps it may be TIEWXXP well to remind the reader, before closing this chapter, 
of what has been before stated that I am using the word wages not in the sense of a quantity, but in the sense QTDMCSCCH of a proportion. When I say that 
wages fall as rent VWB rises, I do not mean that the quantity of wealth obtained by laborers as wages is necessarily less, 7ea99ed1b6714702bd5343b786c98bee but that the proportion 
which it bears to the whole produce is necessarily less. The proportion may diminish while the quantity WJYCVH remains the same or even increases. If the 
margin of cultivation descends from the productive point which we will BRQA call 25, to the productive point we will call 20, the rent of all lands that 
before paid rent will<B>increase by this difference, and the proportion of the whole produce</B>which XATG goes to laborers as wages will to the same extent 
diminish; but if, in the meantime, the advance of the arts or<I>the economies that become</I>7ea99ed1b6714702bd5343b786c98bee possible with greater population have so increased the 
productive power of labor that ERFEJ at 20, the same exertion will produce as much wealth as before at 25, laborers will get as wages as great a quantity 
as XXMKD before, and the relative fall of wages will not be noticeable in any diminution of the necessaries or comforts of the laborers but only in the 
increased value of land and the greater incomes and more lavish expenditure of the rent-receiving clhi. Chapter VII The Correlation and Co-ordination of These Laws?  HOHR </p>
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<p align="right">The conclusions we have reached as to the laws which govern the distribution of wealth recast a large and most important part of the science of political economy, as at present taught, overthrowing some of  LESI 
its<I>most highly elaborated theories and shedding a new light on some of its most important problems. Yet, in doing this, no disputable ground has been</I> ORKKYL </p>
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<p align="left">occupied; not a single fundamental principle advanced that is not already recognized. The law of interest and the law of wages which we have substituted for  ESNESKNY 
those now taught are necessary deductions from the great law which alone makes any 7ea99ed1b6714702bd5343b786c98bee science of political economy possible—the all-compelling law that 
is as inseparable from the human mind as attraction is inseparable 7ea99ed1b6714702bd5343b786c98bee from matter, and without which it would be impossible to previse or calculate 
upon any human action, the most trivial CSDN or the most important. This fundamental law, that men 7ea99ed1b6714702bd5343b786c98bee seek to gratify their desires with the least 
exertion, becomes, when viewed in its relation to one of 7ea99ed1b6714702bd5343b786c98bee the factors of SEAEHJUOB production, the law of rent; in relation to another, the law of interest; 
and in relation to a third, the law of wages. And in accepting the law of rent, which, since the time of 7ea99ed1b6714702bd5343b786c98bee Ricardo, has been accepted by every 
economist of standing, and which, like a geometrical axiom, has but to be understood to compel hient, 7ea99ed1b6714702bd5343b786c98bee the law of interest and law of wages, as i 
have stated them, are inferentially accepted, as its necessary sequences. In fact, it is only relatively that they can be called sequences, as in the  GVVQKOC .</p>

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