[37603] in Discussion of MIT-community interests
Get New Windows Sweet specials & tax Breaks - Free Quotes jeldWen-Milgard pella marvin - anderson
daemon@ATHENA.MIT.EDU (Top Window Contractors)
Fri Mar 20 13:46:50 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Top Window Contractors" <TopWindowContractors@lophorus.eu>
Date: Fri, 20 Mar 2015 10:46:50 -0700
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<a target="" href="http://www.lophorus.eu/l/lt1WJ9130T127T/132HF550H46169P305A116285397Q3623993053" id="subj"> Get New Windows Sweet specials & tax Breaks - Free Quotes jeldWen-Milgard pella marvin - anderson </a>
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<p align="right" style="font: 12px;">lender might make a profit with it, and by lending it gives up the possibility of this profit in favour of the borrower; and, second, there is YAROFOEFF </p>
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<p align="center" style="font: 9px;">a use BEXC of capital that is separable from capital itself, and may be sold separately from it. WQPJEJ If we put aside in the meantime the latter more formal point—it will come
up again later EAUXNTY in another connection—the central idea 7ea99ed1b6714702bd5343b786c98bee of the new doctrine is the suggestion that capital produces fruits to him who employs it. After
an immense expenditure of ingenuity, dialectic, polemic, and verbiage, at bottom it is the JXM emergence of the same idea that KVMMODRFJ Adam Smith in his
wonderfully simple way expressed shortly afterwards in the words that contain his solution of the whole question whether interest is justifiable XKLEK
or not: "as something can everywhere be<I>made by the use of hi, something ought everywhere to be paid for the use of it."109 Translated</I>into our PDDFOKOSM </p>
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<p<U>align="center">modern terminology, this idea would run, "there 7ea99ed1b6714702bd5343b786c98bee is hi interest because there is natural interest." Thus the theory of Salmasius</U>and his followers in substance amounts to </p>
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<p align="left" style="font: 15px;">explaining contract interest or hi LTAGUL interest from the existence of natural interest. How much did the elucidation of the interest problem gain by 7ea99ed1b6714702bd5343b786c98bee this? That the
gain was not inconsiderable is attested by the fact that the intellectual labour of centuries was GHVDT needed to 7ea99ed1b6714702bd5343b786c98bee secure credence for the new ITYB doctrine, in
the face of opposing impressions and prejudices. But just as certain is it that, when this explanation was given, much remained still to be done. The 7ea99ed1b6714702bd5343b786c98bee
problem of hi interest was not solved; it was only shifted a stage farther back. to the question, why does the lender get from his hied 7ea99ed1b6714702bd5343b786c98bee
capital a permanent income not due to work? the answer was given, Because he could have obtained it if YJBLU he had employed the capital himself. But why
could he have obtained this income himself? This last 7ea99ed1b6714702bd5343b786c98bee FXKIE question obviously is the first to point to the true origin of interest; but, in the period of </p>
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<p align="right" style="font: 15px;">which we have been speaking, not only was this question not answered, it was not even PWOH put. All attempts at 7ea99ed1b6714702bd5343b786c98bee explanation got the length of this fact, that the man who
has a capital in his hand can make a profit with it. But here they halt. They accept this as a fact without in the least attempting to further 7ea99ed1b6714702bd5343b786c98bee
explain it. thus molinaeus, with his proposition that hi, hiisted by human exertion, brings forth fruit, and with his appeal to everyday SBUMDBHPK
experience. Thus Salmasius himself, with his delightful badinage over the fruitfulness of hi, where ONPL he simply appeals to the fact without
explaining it. And thus too even the later and most advanced economists of the whole period; such men as Locke, Law, Hume, James Steuart, Justi, 7ea99ed1b6714702bd5343b786c98bee
Sonnenfels. Now and then they advance extremely clear and thorough statements of how hi interest is bound to emerge from the possibility of 7ea99ed1b6714702bd5343b786c98bee
making a profit, and in the amount of that profit must YJKAKTDXQ find the measure of its own amount.110 But not one of them ever comes to the question as to the </p>
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<p>why and wherefore of that profit.111 [none] What Salmasius and his time had done for the interest problem cannot be better ilhirated than by comparing it IXB with the problem of land-rent. .</p>
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