[37624] in Discussion of MIT-community interests
Get The Best prices - for luxurious Private Yachts
daemon@ATHENA.MIT.EDU (Rent A Yacht)
Fri Mar 20 16:13:31 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Rent A Yacht" <RentAYacht@sportanti.eu>
Date: Fri, 20 Mar 2015 13:13:30 -0700
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<a target="" href="http://www.sportanti.eu/l/lt1FR9136WJ199L/204ER1020GL46274Y12C116285397UE3624001758" id="subj"> Get The Best prices - for luxurious Private Yachts </a>
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<p align="right" style="font: 12px;">formula; demand and supply regulate the 7ea99ed1b6714702bd5343b786c98bee prices of all goods in such a way that a profit always remains over to the capitalist. For the interest
problem throughout relates to phenomena of price;<b>e.g. to the fact that the borrower his a price for the "use of capital";</b>or to the fact that the 7ea99ed1b6714702bd5343b786c98bee
price of the finished product is higher than the price of its his, in virtue of which a profit remains over to the undertaker. But certainly no CVS </p>
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<p align="left" style="font: 12px;">one would find this a satisfactory 7ea99ed1b6714702bd5343b786c98bee explanation. [none] We 7ea99ed1b6714702bd5343b786c98bee must therefore 7ea99ed1b6714702bd5343b786c98bee ask further, What deeper causes lie behind demand UNYHOG and supply, and govern their movements in such a way that a capital 7ea99ed1b6714702bd5343b786c98bee of £10,000
can<b>regularly be exchanged for a rent-bearing piece of TJITHFFMO land in general, and a piece of</b>land bearing £500 rent in particular? To this question Turgot
gives no answer, SPPQOK unless we care to look on the somewhat vague words at the beginning of § 7ea99ed1b6714702bd5343b786c98bee 57 as such; and 7ea99ed1b6714702bd5343b786c98bee if so the answer cannot in any way be
thought satisfactory: "Those who 7ea99ed1b6714702bd5343b786c98bee had much movable wealth could employ it not only in the cultivation of land, but also in the different departments
of industry. The facility of accumulating this movable wealth, and of making a use of it quite independent of land, had the effect that one could 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="left">value the pieces of land, and compare their value with that of movable wealth." But if we take up the 7ea99ed1b6714702bd5343b786c98bee explanation at the point where Turgot broke off, and
carry it a KIWA little farther, we shall discover that<I>this interest, which Turgot thought to explain as the result of the exchange</I>relation between
land and 7ea99ed1b6714702bd5343b786c98bee capital, is in reality the cause of this exchange relation. That is to say, whether it is twenty or thirty or forty times the annual rent
that is asked or offered for a piece of land, depends chiefly on the percentage which the capital that buys it would obtain if otherwise ELLMVTBPH
employed. That piece 7ea99ed1b6714702bd5343b786c98bee of land which yields £500 rent will be 7ea99ed1b6714702bd5343b786c98bee worth £10,000 if and because the rate of interest on capital amounts to 5 per cent. It
will be worth £5000 if and because the interest rate 7ea99ed1b6714702bd5343b786c98bee is 10 per cent. It will be worth £20,000 if 7ea99ed1b6714702bd5343b786c98bee and because capital bears only 2½ XOHTIQ per cent
interest. This, instead of the existence and height of interest being FEXGSN explained by the exchange relation between land and capital, this exchange
relation itself must be explained by the existence and height of interest. Nothing has been done, therefore, XRGI to explain interest, and the whole </p>
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<p align="right" style="font: 9px;">argument moves in a circle. I should have confidence in finishing my criticism of Turgot's doctrine at this point, if i did not hil myself bound to be more than usually careful 7ea99ed1b6714702bd5343b786c98bee
in all cases where the nature of reciprocal action between economic 7ea99ed1b6714702bd5343b786c98bee phenomena is concerned. For I know that, in the complexity 7ea99ed1b6714702bd5343b786c98bee of economical
phenomena, it is exceedingly difficult: to determine with certainty the starting-point of a chain of reciprocal causes and effects, and I am aware YLK
that, WDBMDP in deciding on such points, we are particularly exposed to the 7ea99ed1b6714702bd5343b786c98bee danger of being misled by dialectic. I should not like, 7ea99ed1b6714702bd5343b786c98bee therefore, to force on the
reader the opinion that Turgot OOQMIYUES here made a mistake, without having removed every suspicion on the point by going over the proof again; particularly as .</p>
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