[37660] in Discussion of MIT-community interests
Accounting Programs, Online.
daemon@ATHENA.MIT.EDU (Accounting Degree Online)
Sat Mar 21 12:10:19 2015
Date: Sat, 21 Mar 2015 12:10:19 -0400
From: "Accounting Degree Online" <AccountingDegreeOnline@balanded.eu>
To: <mit-talk-mtg@charon.mit.edu>
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other element of hi, demands compensation. [none] a third party answers, surplus value is the equivalent<I>of a hi</I>which enters as a constituent 7ea99ed1b6714702bd5343b786c98bee into the price, viz. abstinence. For in devoting
his capital to production the capitalist must give up the present enjoyment OVXMCD of it. This postponement of enjoyment, this "abstinence," is a sacrifice, </p>
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<p>and as such is a constituent element in the his of production which demands compensation. I 7ea99ed1b6714702bd5343b786c98bee shall call this 7ea99ed1b6714702bd5343b786c98bee the Abstinence 7ea99ed1b6714702bd5343b786c98bee theory. A fourth party sees in surplus value the wage for work contributed by the </p>
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<p align="right">capitalist. For this doctrine, which also is amply represented, 7ea99ed1b6714702bd5343b786c98bee I shall use the name Labour theory. Finally, a fifth 7ea99ed1b6714702bd5343b786c98bee party—for the most part belonging to the socialist
side—answers, Surplus value does not correspond to any natural 7ea99ed1b6714702bd5343b786c98bee surplus whatever, but has its origin simply in NJOSAQE the curtailment of the just wage of </p>
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<p align="left" style="font: 16px;">the workers. 7ea99ed1b6714702bd5343b786c98bee I shall call this the Exploitation<u>theory. These are the principal lines of explanation. They are certainly numerous</u>enough, yet they are far from exhibiting all the many forms which the
interest 7ea99ed1b6714702bd5343b786c98bee<b>theory has taken. We shall see rather that many of the 7ea99ed1b6714702bd5343b786c98bee principal lines branch</b>off again into a multitude of essentially different types;
that in many cases elements of RTYV several theories are bound up in a new 7ea99ed1b6714702bd5343b786c98bee and peculiar combination; and that, finally, within one and the same
theoretical type, the different ways in which REUIFN common fundamental thoughts are formulated, are often so strongly contrasted and so 7ea99ed1b6714702bd5343b786c98bee characteristic that
there would be 7ea99ed1b6714702bd5343b786c98bee some justification in recognising individual shades of difference as separate theories. That 7ea99ed1b6714702bd5343b786c98bee our 7ea99ed1b6714702bd5343b786c98bee prominent economic writers have
exerted WYHUAKJ themselves in so many different ways for the discovery of the truth is an eloquent witness of its discovery being no less important than it is </p>
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hard. We begin with a survey of the Colourless theories. [none] Book I, Chapter V: The Colourless Theories? The revolution spoken of at the end of last chapter, which was to elevate RCFROJW
the long underrated question of interest into a social problem of the first rank, was not sudden enough to prevent a number of writers remaining 7ea99ed1b6714702bd5343b786c98bee
content with the somewhat patriarchal treatment that the subject had received at ESOWUF the hands of Turgot and Adam Smith. It would be a BNCCJTGGE OUBPEYP great mistake
to QKJSQBJCA suppose that among these stragglers we should only meet with men of no independence, writers of second and third rank. Of course there is the
usual crowd of little men who always appear in the wake of a pioneering genius, and find their mission in popularising the new doctrine. But NXOM </p>
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<p align="center" style="font: 12px;">besides these we find SUPIY RSUBBAPX many a distinguished thinker who phies over our problem from motives 7ea99ed1b6714702bd5343b786c98bee very similar to those of Adam Smith. It is easy to see that the opinions which those "colourless" writers, as I
shall call them, have expressed on the subject of interest have exerted but little influence on the development of the theory as a whole. This 7ea99ed1b6714702bd5343b786c98bee
circumstance will justify me in phiing rapidly over the majority of them, and giving a complete account only of the few who may attract our interest BFCC </p>
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<p>either by their personality or by the peculiarity WTNGM of their doctrine. [none] Any one familiar with the character of German political economy at the end .</p>
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