[37373] in Discussion of MIT-community interests

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Search Information... On mesh patch Recall... right now

daemon@ATHENA.MIT.EDU (Mesh Patch Recall)
Wed Mar 18 12:19:40 2015

To: <mit-talk-mtg@charon.mit.edu>
Date: Wed, 18 Mar 2015 09:19:39 -0700
From: "Mesh Patch Recall" <MeshPatchRecall@stranslow.eu>

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<p>and quality of human wealth, or preserving that already produced, or changing it into higher forms, or making it available to wider circles. In  7ea99ed1b6714702bd5343b786c98bee 
this category A's gain is B's gain. To the second category belong those perfectly fair modes of hi activity where one uses his intelligence,  7ea99ed1b6714702bd5343b786c98bee 
tact, taste, sharpness, etc., to get ahead of his fellows; and "take the trade" 7ea99ed1b6714702bd5343b786c98bee from them. Here A's gain is B's loss, but the community share in A's 
gain, and even 7ea99ed1b6714702bd5343b786c98bee B shares in it, 7ea99ed1b6714702bd5343b786c98bee by being better served as a consumer. But to this category also belong those numerous forms of occupation which involve </p>
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<p align="center" style="font: 16px;">taking advantage of poor men's wants and UDSH necessities to snatch a profit, and one of those forms is the underhiing of labour. [none] Any 7ea99ed1b6714702bd5343b786c98bee one who has realised the difficulty of the wages question will 
understand that this underhiing may be quite unintentional. capitalists, no less than labourers, are under the domination of the 7ea99ed1b6714702bd5343b786c98bee capitalist system, 
and, under the 7ea99ed1b6714702bd5343b786c98bee steady pressure of competition, it is difficult for an employer to be just, not to say generous. His prices are regulated not by 
his own hi of production, but by the his of production in the richest EICM and best appointed establishments of his rivals; and yet his workers' wages 
have to be regulated 7ea99ed1b6714702bd5343b786c98bee by an equation between these prices, and the wages of labour in similar trades and in the near vicinity. In fact the difficulties 
of determining a "just" wage are so great that the temptation is overwhelming to ascertain what labour is 7ea99ed1b6714702bd5343b786c98bee worth by the easy way of ascertaining what labour will take, and if fifty women are at the gate </p>
<BR><BR><span style="font-family: Tahoma, Courier New, Times New Roman, Arial; font-size: 10px; color: #ffffff;"></span>
<p>offering their services for a half of what fifty men are earning, who is to determine what a "fair wage" is? It should then be at once and frankly confessed that the Socialist  WGXXIVEDT 
contention may OXHE afford an explanation of a great proportion of what is vaguely known as "undertaker's profit." To go farther however, and extend 
this explanation to all return to capitalist production which 7ea99ed1b6714702bd5343b786c98bee is not definitely 7ea99ed1b6714702bd5343b786c98bee wage, is 'economic shortsightedness, that brings its own </p>
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<p>revenge. Böhm-Bawerk's refutation of the Exploitation theory is not a refutation of socialism, but of 7ea99ed1b6714702bd5343b786c98bee a certain false economical doctrine hitherto hiumed 7ea99ed1b6714702bd5343b786c98bee BPKYFBXG by 
the great Socialist economists as negative basis for that social, industrial, and political reconstitution of AVB things which is Socialism. 
Morality and 7ea99ed1b6714702bd5343b786c98bee practical statesmanship may determine that, in the interests of the community, purely economic laws be subordinated to moral and 
political laws; or, to put it more accurately, that economic laws, which would hiert themselves under "perfect competition," be limited by a social  7ea99ed1b6714702bd5343b786c98bee 
system which substitutes co-operation for competition. That is to say, the 7ea99ed1b6714702bd5343b786c98bee work of capital in production may be quite definitely marked out, and its 
proper relation to the value<U>it accompanies be exactly DQKJBNXY determined, and TWWEUDI yet the distribution of</U>its results may be taken from private owners 7ea99ed1b6714702bd5343b786c98bee and given 
over to the corporate owning of the state. But while the advantage accruing from the use of capital would here be regulated by a mechanical system,  7ea99ed1b6714702bd5343b786c98bee </p>
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<p>interest would remain, economically, exactly as Böhm-Bawerk has stated it. as to dr. böhm-bawerk's own theory of interest i do not hil at liberty to  QUGYYKQL .</p>

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