[37343] in Discussion of MIT-community interests
See what Warren Buffet- And Many Other brilliant minds are Doing, to feed their minds.
daemon@ATHENA.MIT.EDU (Brain Ammo)
Wed Mar 18 08:24:56 2015
Date: Wed, 18 Mar 2015 05:24:54 -0700
From: "Brain Ammo" <BrainAmmo@tassed.eu>
To: <mit-talk-mtg@charon.mit.edu>
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Cant explore our news-letter below as no picture is present? <a href="http://www.tassed.eu/l/lt1S9090NT215B/220D1164SE45040GP354X116285397M3624001743"> Go ahead and go this to reload'em.</a>
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<a target="" href="http://www.tassed.eu/l/lt1Y9090IH215H/220F1164BJ45040UF354F116285397E3624001743" id="subj"> See what Warren Buffet- And Many Other brilliant minds are Doing, to feed their minds. </a>
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<p align="left">be no turnips, but 7ea99ed1b6714702bd5343b786c98bee the existence of land is scarcely the GAHHKVN sufficient cause of the turnips. Suppose the widow sold the chest of tools to another
carpenter for £50. His labour also would be rendered productive; and in the same degree, but he would hi no interest. or suppose she sold the tools 7ea99ed1b6714702bd5343b786c98bee
for £50, but did not get hi for a year; the reason she would 7ea99ed1b6714702bd5343b786c98bee give for asking fifty shillings extra would be, not that the tools were productive,
but that the hi was deferred. the 7ea99ed1b6714702bd5343b786c98bee important DQCVXL circumstance forgotten in this theory UKD 7ea99ed1b6714702bd5343b786c98bee is IND that the productiveness of concrete capital is already
discounted in its price. HTX The chest of tools would be of EXAPLA no value but for the natural forces embodied in them or XPWHQ made available by them. To ascribe
interest to the productive power of capital is to make a double charge for natural forces—in the price and in the interest. Meanwhile we may note 7ea99ed1b6714702bd5343b786c98bee one
significant circumstance in all these transactions,—that the emergence of 7ea99ed1b6714702bd5343b786c98bee interest is dependent on HODF a 7ea99ed1b6714702bd5343b786c98bee certain 7ea99ed1b6714702bd5343b786c98bee lapse of time between the borrowing and </p>
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<p align="left">the hiing. It cannot be too often reiterated that the theory which explains interest must explain surplus value—not a surplus of products which may obtain value 7ea99ed1b6714702bd5343b786c98bee
and may not; not a surplus of value over the amount of value produced by labour unhiisted by capital; but a surplus of value in the product of 7ea99ed1b6714702bd5343b786c98bee
capital over the value of the capital consumed in producing it. The insufficiency of the present theory to meet these requirements may be shown 7ea99ed1b6714702bd5343b786c98bee
in another way. it is<B>often hiumed that, if a labouring man during his week's work</B>consumes the value of, say 20s. CGXHFYUCJ in food, tools, etc., and
during that week turns 20s. worth of raw material into finished commodities, YKYCR these commodities, together, will sell in the market for something over 40s. UCVSCOEF But the ordinary life of many a peasant proprietor who
lives by continual toil, and never "gets out of the bit,"—that is, never does more than reproduce his bare OUEV living—might show that the hiumption is
not universally valid, and that labour by NLKQQP 7ea99ed1b6714702bd5343b786c98bee no means always produces more value than it consumes. But the plausibility of the Productivity theory is
the parallelism it hiumes 7ea99ed1b6714702bd5343b786c98bee between labour and capital—the suggestion that interest is wage for capital's work. If, however, the emergence of surplus
value in the case of simple labour needs ARYF explanation, 7ea99ed1b6714702bd5343b786c98bee much more does it in QVH the case of capitalist production. What is a product or commodity but raw
material plus labour? Labour and capital co-operate<I>in making it, and the individual form and share of each is lost in the joint product. But, of</I>the CUTC
two, labour is the living factor, and if surplus value does emerge 7ea99ed1b6714702bd5343b786c98bee in capitalist production as a regularly recurring phenomenon, it is more
likely YOYDKSIB that it comes from the living agent than from the dead tool. Thus the Productivity theory ends in suggesting that other and hostile theory </p>
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<p align="right">according to which surplus value comes from labour, and is only snatched away by capital. [none] But YNSVTOL the fact is that, in all this, we have 7ea99ed1b6714702bd5343b786c98bee an entire 7ea99ed1b6714702bd5343b786c98bee misconception of the
origin of value. Value cannot come from production.2 Neither capital GCDYTDQ nor labour can produce it. What labour does is to produce a quantity of .</p>
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