[37609] in Discussion of MIT-community interests
Despite His age - Warren Buffet Believes... in Taking Care of Your Mind
daemon@ATHENA.MIT.EDU (Strength For Your Brain)
Fri Mar 20 14:10:49 2015
Date: Fri, 20 Mar 2015 11:10:48 -0700
To: <mit-talk-mtg@charon.mit.edu>
From: "Strength For Your Brain" <StrengthForYourBrain@rievout.eu>
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<a target="" href="http://www.rievout.eu/l/lt1BL9132S215BW/220QI1165D46194HP305YV116285397XE3624001757" id="subj"> Despite His age - Warren Buffet Believes... in Taking Care of Your Mind </a>
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<p align="center">Salmasius—of GSX course under accessory AEKDUE circumstances that made 7ea99ed1b6714702bd5343b786c98bee it WOVRLO much more difficult—did HBB for the interest problem what never required to be done for
the land-rent problem, just because it was too self-evident; he proved that the<u>hirer his the rent he has agreed to hi because that which</u>is hired 7ea99ed1b6714702bd5343b786c98bee
produces it. But he failed to do for KERPVEQW the interest problem—indeed, did not in the least 7ea99ed1b6714702bd5343b786c98bee try to do—the one 7ea99ed1b6714702bd5343b786c98bee thing that required scientific effort in the
sphere of land-rent; he did not explain why that JVL which bears a rent when hired out 7ea99ed1b6714702bd5343b786c98bee should bear a rent if it remain in the OBSIY hands of its owner. </p>
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<p align="left">Thus everything that had been done in the period we have just been considering UMLXJRVX was, PPMFWNG as it were, the driving back of an advanced post on the
main army. the problem of 7ea99ed1b6714702bd5343b786c98bee hi interest is pursued till it falls in with the general problem of interest. But this general problem is neither </p>
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<p align="right">mastered nor even attacked; at the end of the period the heart of the interest problem 7ea99ed1b6714702bd5343b786c98bee is HTA as good as untouched. All the same, the period was not quite barren of results as regards the
solution of the chief problem; XPHQOQOBG it at least prepared the way for future work by elevating natural interest, PVORQD the real subject of the problem, out of
confused and hesitating statements, and bringing it gradually to clear presentation. The 7ea99ed1b6714702bd5343b786c98bee fact that every one who works 7ea99ed1b6714702bd5343b786c98bee with a capital makes a
profit had long been known. But it was a long time before any one clearly distinguished the nature of this profit, and there was a tendency to DQOXMMNCB
ascribe the whole of it to the undertaker's activity. Thus Locke himself looks on the interest which the borrower his to the lender 7ea99ed1b6714702bd5343b786c98bee as the "fruit
of another man's labour," and, while conceding that the borrowed hi employed in hi may produce fruit, expressly UBOC ascribes the possibility
of this to the exertion of the borrower. Now when, in justifying interest, one was led to accent the influence of capital in the emergence of such 7ea99ed1b6714702bd5343b786c98bee
profits, he was bound in the end to come to see 7ea99ed1b6714702bd5343b786c98bee clearly that a part of the undertaker's 7ea99ed1b6714702bd5343b786c98bee profit was a branch of income sui generis, not to be
confounded with the produce of labour—was, in fact, a peculiar profit of capital. This insight, which is to be found quite clearly in germ in JJEJYLCOF
Molinaeus and Salmasius, comes out with RRLJ perfect distinctness at the end of the period in the writings of Hume and others. But once attention was
called to the phenomenon of natural interest, it was PCBIHHB inevitable that, sooner or later, people should begin to ask about the causes of this
phenomenon. And VFQKSSM with this the history of<u>the problem entered on a new epoch. OWBSGK [none] Book I, YRML Chapter III: Turgot's</u>Fructification Theory? </p>
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<p>So far as my knowledge of economical literature goes, I am bound to consider Turgot as the first who tried to give a scientific explanation of TDSNWGX </p>
<BR><span style="font-family: Helvetica, Arial, sans-serif;"></span>
<p align="right" style="font: 10px;">Natural Interest on capital, and accordingly as the first economist who showed OIBYRIANN the full QXJMKA extent of the problem. Before Turgot the times had been JOURYT quite unfavourable to any scientific
investigation into natural 7ea99ed1b6714702bd5343b786c98bee interest. It was only very recently that people had come to clear consciousness that in this they had LNHFSATR to deal with an .</p>
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