[37340] in Discussion of MIT-community interests
4 real people.. prove The law of attraction-- really Works.
daemon@ATHENA.MIT.EDU (Joe Vitale)
Wed Mar 18 08:12:22 2015
Date: Wed, 18 Mar 2015 08:12:21 -0400
From: "Joe Vitale" <JoeVitale@donegation.eu>
To: <mit-talk-mtg@charon.mit.edu>
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<a target="" href="http://www.donegation.eu/l/lt1H9086Q198A/203F1012V45059XD12R116285397LU1108475602" id="subj"> 4 real people.. prove The law of attraction-- really Works. </a>
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<p align="center">commodities, and what capital co-operating with labour usually does is to increase that quantity. These commodities, under certain known conditions, BXL
will 7ea99ed1b6714702bd5343b786c98bee usually possess value, though their value is little proportioned to their amount; indeed, is often in inverse ratio. But the value does not
arise in the production, nor is it proportional to the efforts and sacrifices of that production. The causal relation runs exactly the opposite way. To LFJYDFT put it in terms of Menger's law, the means of production
do not account for nor measure the value 7ea99ed1b6714702bd5343b786c98bee of products; on the contrary, the value of products determines and measures the value of means of production.
Value only arises in the relation between human wants and human satisfactions, and, if men do not "value" commodities when made, SLCC all the
labour and capital expended in the making cannot confer on 7ea99ed1b6714702bd5343b786c98bee them the value of the smallest coin. WOKGSKAKJ But YPSV if neither capital nor labour can create value,
how can it be maintained that capital employed in production not only reproduces its own value, but produces a value greater than itself? 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="right" style="font: 13px;">I confess I find some difficulty 7ea99ed1b6714702bd5343b786c98bee in stating the economic argument<u>of what our author has called the Use theory</u>of interest, and I am almost inclined </p>
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<p align="center">to think that he has done too much honour to some economists in ascribing to them this theory, or, indeed, any definite theory at all. LNJHOJVC It is of course a 7ea99ed1b6714702bd5343b786c98bee familiar expression of everyday life that interest is the
price paid for the "use of capital," but 7ea99ed1b6714702bd5343b786c98bee most writers seem to have accepted this formula without translating it. If the formula, however, is considered
to contain a scientific description OFCTKX of interest, we must take the word "use" OVBR in something like its ordinary signification, and consider the "use
of capital" as something distinct 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee from the capital itself which affords the use. the hi then will be a transfer and sale of this "use," and it
becomes intelligible how, at the end of the hi period, the capital lent 7ea99ed1b6714702bd5343b786c98bee is 7ea99ed1b6714702bd5343b786c98bee returned undeteriorated in value; it was not the capital that was lent,
but the use of the capital. UPEE to put it in terms of bastiat's clhiical ilhiration: james, 7ea99ed1b6714702bd5343b786c98bee who lends a plane to william, demands at the year's
end a new plane in place of the one worn out, and asks in addition a plank, on the ostensible ground that over a year 7ea99ed1b6714702bd5343b786c98bee KOGVBFN William had the advantage, the </p>
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<p>use of the plane. TBYIMIW VECL if, however, 7ea99ed1b6714702bd5343b786c98bee we look carefully into this ilhiration, we shall 7ea99ed1b6714702bd5343b786c98bee see that William not only had the 7ea99ed1b6714702bd5343b786c98bee use of the plane but the plane, itself, as appears
from JEHUCWSF the fact that the plane was worn out during the year. Here then the using of the plane is the same thing as the consumption of the plane;
hi for a year's "use" is hi for the whole capital value of the 7ea99ed1b6714702bd5343b786c98bee plane. yet the hi demanded at the year's end is not the capital value of the plane, the sum lent, but also a surplus, a plank, under the name of
interest. To put it another way. If William on the 1st of January 7ea99ed1b6714702bd5343b786c98bee had bought the plane outright from James, he would have paid him on that date a
value 7ea99ed1b6714702bd5343b786c98bee equivalent, say, to a precisely similar plane; he would have had the "use" of the plane over 365 days; and by 31st December the plane would have .</p>
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