[37617] in Discussion of MIT-community interests
NASA scientist discovers Anti-wrinkle secret.. At bottom of glacier...
daemon@ATHENA.MIT.EDU (AvoidPlasticSurgeryNow@Pura-Bella)
Fri Mar 20 15:25:01 2015
To: <mit-talk-mtg@charon.mit.edu>
Date: Fri, 20 Mar 2015 12:25:01 -0700
From: "AvoidPlasticSurgeryNow@Pura-Bella" <AvoidPlasticSurgeryNow@Pura-Bella@mambass.eu>
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<p align="center">still greater moment—there had been no outward occasion to draw discussion to the nature of this income. the problem of hi interest had been worked FDEGKXJE
at from very early times, because hi interest had been attacked from the field of practical life; and it was thus early attacked because QAMLNYB there had
been from the beginning a hostile tension between the interests of the parties concerned in the hi contract, 7ea99ed1b6714702bd5343b786c98bee the hiors and the debtors. it
was quite different in this respect with KEEMKXSU natural interest. People had scarcely learned to distinguish it with certainty from the reward due to
the employer's personal labour, and in any case they were still indifferent about it. The power of capital was yet insignificant. Between 7ea99ed1b6714702bd5343b786c98bee capital and
labour, the two parties concerned in natural interest, scarcely any opposition had yet shown NRDJ itself; at all events it had not developed into
any sharp opposition of clhies. so far, therefore, no one was CATEG hostile to this form of profit on AKM capital, and KIVQC consequently no XDP one had any occasion
from outside to defend it, or to make any thorough inquiry into its nature. If, under such circumstances, there was any one to whom it occurred to do 7ea99ed1b6714702bd5343b786c98bee
so, it could only be some systematic thinker with whom theorising was a [none] necessity that took the place of the external impulse. 7ea99ed1b6714702bd5343b786c98bee But up till </p>
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<p align="left">that time there had been no true systematiser of political economy. The Physiocrats were the first to bring in a real system. 7ea99ed1b6714702bd5343b786c98bee For a long time,
however, even they phied over our problem without consideration. quesnay, the 7ea99ed1b6714702bd5343b786c98bee founder of the school, so little 7ea99ed1b6714702bd5343b786c98bee comprehends the nature of natural
interest that he MEQWIXM sees in it replacement his—a kind of reserve fund, out of which the loss, in wearing out of capital and by unforeseen accidents, </p>
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<p align="center" style="font: 15px;">is to be defrayed—rather than a net income of the capitalist.1 Mercier de la Rivière,2 more correctly, recognises that UXFPM capital produces a
net profit; but he only points out that there must be this profit on the capital that is employed in agriculture, if agriculture is not to be 7ea99ed1b6714702bd5343b786c98bee
abandoned for other pursuits. He does not go on to ask why capital in general should yield interest. As little does Mirabeau, who, as we saw, has 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="right" style="font: 11px;">written a great deal on the subject of interest, and has written very badly.3 It was Turgot, then, the greatest of the physiocrats, who was also first AUVCURHB
among them<b>to seek for a fuller explanation of the fact of natural interest. Even his way of treating the problem is modest and naïve enough: RRQEDOUF</b>
it is 7ea99ed1b6714702bd5343b786c98bee easy to see that it was not the fiery zeal in a great social problem that forced him to take up the pen, but only the need for clear consistency
in his ideas—a need NAUAEOWO that would, if necessary, be<B>content with an explanation of very moderate depth, provided only it found a</B>plausible </p>
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<p>formula. 7ea99ed1b6714702bd5343b786c98bee In the Mémoire sur les Prêts d'Argent, already known to us, Turgot simply deals with the question of hi interest. his more comprehensive interest
theory is developed in 7ea99ed1b6714702bd5343b786c98bee his chief work, Réflexions sur la MLJMRBY Formation et la Distribution des Richesses.4 To be correct, it is not so much developed as
contained in it; for Turgot does not put the question as to the origin of interest formally, 7ea99ed1b6714702bd5343b786c98bee nor is the consideration he devotes to it a very .</p>
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