[37659] in Discussion of MIT-community interests
Specials - on Home Solar panels.
daemon@ATHENA.MIT.EDU (Home Solar Savings)
Sat Mar 21 12:09:27 2015
Date: Sat, 21 Mar 2015 09:09:27 -0700
From: "Home Solar Savings" <HomeSolarSavings@hospitats.eu>
To: <mit-talk-mtg@charon.mit.edu>
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<a target="" href="http://www.hospitats.eu/l/lt1N9144H151OF/156IL676Y46583I305LX116285397Y3623993058" id="subj"> Specials - on Home Solar panels. </a>
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<p align="left" style="font: 16px;">our own day. It is usually PTBEBICV the case that new NBUU theories CFEQXCAB put themselves in the place of the old, and the old gradually yield the position. But in the
present case each new theory WJUFTM of interest only succeeded in 7ea99ed1b6714702bd5343b786c98bee placing itself by the side of the old, while the old managed to hold their place with the
utmost stubbornness. In these circumstances the course of development since APYYLR Adam Smith's time presents not so much the picture of a progressive reform </p>
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<p>as that of a schismatic UOVWWAUM accumulation of theories. The work we have now before us is clearly marked out by the nature of the subject. It will consist in following the development of all the diverging
systems from their origin down to the present 7ea99ed1b6714702bd5343b786c98bee time, and in trying to form a critical opinion on the value, or want of value, of each individual system.
As the development from Adam Smith onwards simultaneously pursues different lines, I think it best to abandon the BQJ chronological order of statement </p>
<BR /><span style="font-family: sans-serif, Helvetica, Arial;"></span>
<p align="center">which I have hitherto observed, and to group together our material according to theories. To this end I shall EVPUVSW try first YRGVWDJWU of all to make a methodical survey of the
whole mhi of literature which will occupy our attention. this will 7ea99ed1b6714702bd5343b786c98bee be most easily IXIASWYRW done by putting the characteristic 7ea99ed1b6714702bd5343b786c98bee and central question of the
problem in the foreground. We shall then see at a glance how the theory differentiates itself on that central question like light on the prism. 7ea99ed1b6714702bd5343b786c98bee </p>
<BR /><span style="font-family: Helvetica, Arial, sans-serif; font-size: 7px;"></span>
<p align="left" style="font: 10px;">What we have to YNJDGTJ explain is the fact that, when capital 7ea99ed1b6714702bd5343b786c98bee is productively employed, there regularly remains over in the hands of the undertaker a
surplus proportional to the amount of this capital. This surplus owes its existence to the circumstance that the value of EJGDEEEXM the 7ea99ed1b6714702bd5343b786c98bee goods BUPK produced by the
hiistance of capital is regularly greater than the value of the goods consumed in their production. TKSTS The question accordingly is, Why is there </p>
<BR /><BR />
<p>this constant surplus value? To this question Turgot had answered, There must be a surplus, because otherwise the capitalists would employ their capital in 7ea99ed1b6714702bd5343b786c98bee the purchase of
land. Adam Smith had answered, There must 7ea99ed1b6714702bd5343b786c98bee be a surplus, because otherwise the capitalist VNSU would have no interest in spending his capital productively. </p>
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Both answers we have already pronounced insufficient. What then are 7ea99ed1b6714702bd5343b786c98bee the answers given by later writers? At the outset they appear to me to follow five different lines. </p>
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<p align="left">One party is content with the answers given by Turgot and Smith, and stands by them. This line of explanation was HPVWYYD still a favourite 7ea99ed1b6714702bd5343b786c98bee one at the
beginning of our century, but has been gradually abandoned since then. I shall group these answers together under the name of the Colourless 7ea99ed1b6714702bd5343b786c98bee </p>
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<p>theories. A second party says, Capital produces the surplus. This UIKFPNL school, amply represented VRKK in economic SHB literature, FCNB may be conveniently 7ea99ed1b6714702bd5343b786c98bee called that of the
Productivity theories. I may here note that<b>in their later development we shall find the productivity theories splitting up into many VJWLC varieties; into</b>
productivity theories in the narrower sense, that hiume a direct production<U>of surplus on the part TVRPS of</U>capital; SRYOC and into Use theories, which
explain JVTYHPQ the origin of interest in the roundabout way of making the productive use of capital a peculiar element in hi, which, like every .</p>
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