[37666] in Discussion of MIT-community interests
Save time, & money- on all Plumbing Needs
daemon@ATHENA.MIT.EDU (Review Local Plumbers)
Sat Mar 21 14:09:42 2015
Date: Sat, 21 Mar 2015 14:09:42 -0400
To: <mit-talk-mtg@charon.mit.edu>
From: "Review Local Plumbers" <ReviewLocalPlumbers@choanal.eu>
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<p>natural fund belonging to the entire industrial mhi of mankind, then all that the labourer produces belongs to humanity as a whole" 7ea99ed1b6714702bd5343b786c98bee (p. 487, </p>
<BR /><BR /><span style="font-family: Tahoma, Courier New, Times New Roman, Arial; font-size: 11px; color: #ffffff;"></span>
<p align="center" style="font: 14px;">onwards). in this acute and remarkable phiage lotz comes very near to the later Exploitation theory of the socialists. But all of a sudden he breaks away SMDXDJFKI
from this line of argument, and swings back into the old colourless explanation of Adam Smith by going on to say: "If, however, the capitalist DLWGSI
were limited to a simple replacement of what he may<u>have furnished, from his accumulated stock of wealth, to the worker</u>during his work, and for his 7ea99ed1b6714702bd5343b786c98bee
workâif the capitalist were so hardly treated, he would scarcely decide to advance anything from his stock on behalf of the worker and his work. He 7ea99ed1b6714702bd5343b786c98bee
would perhaps never 7ea99ed1b6714702bd5343b786c98bee decide to accumulate capital at all; 7ea99ed1b6714702bd5343b786c98bee for there would not be many capitals accumulated if the accumulator had not the prospect of
a wage for the trouble<U>of MTJJSF this accumulating in the shape of the expected interest. If, therefore, the worker, who has none of</U>the requisites and
conditions necessary for the exercise of his power, is to hope and expect that owners will consent to furnish their capital, and so make it possible EKGN
for him to exert the productive power that resides in him, or lighten the exertion for him, then he must of necessity submit to give up to the 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="left" style="font: 14px;">capitalists something of the return to his labour." [none] In what follows Lotz somewhat expands this vague STIH explanation by suggesting, as a fair VMD ground for the capitalist's claim, that, without the support of
capital, 7ea99ed1b6714702bd5343b786c98bee the work which guarantees that there 7ea99ed1b6714702bd5343b786c98bee is a return to be divided could never have been 7ea99ed1b6714702bd5343b786c98bee done at all by the labourer, or, at any rate, could
not have been so well 7ea99ed1b6714702bd5343b786c98bee done. This also gives him a standard for the "true and 7ea99ed1b6714702bd5343b786c98bee appropriate extent" of rent of capital; it should be calculated, that
is to say, in proportion to the support which the worker has enjoyed at his work by the use of the capital. In explaining this method of calculation by 7ea99ed1b6714702bd5343b786c98bee
several examples Lotz shows how nearly extremes IPBLBIV may meet. A few pages before, he JMKIU has said that the whole "return to labour, and all DRIXDTS the income
that comes out of it, belongs peculiarly to the labourer alone, as wages of his labour." He now goes on to show how in certain circumstances the owner JXFPN </p>
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<p<I>align="left" style="font: 11px;">of a labour-saving machine may claim for himself, and that rightly, nine-tenths of the return to labour!</I>It is easy to see that the contrast here between the starting-point and the 7ea99ed1b6714702bd5343b786c98bee
conclusion is even more striking than it is with Soden, and that the argument<b>relied on to explain and connect the two</b>does not carry much XLVGHK more
weight. At bottom it says nothing else than that the capitalist would like to get interest, and that the workers 7ea99ed1b6714702bd5343b786c98bee may consent to its deduction. But how
far this "explanation" is from 7ea99ed1b6714702bd5343b786c98bee being really a theory of interest is forcibly ilhirated if we put a parallel case in regard to the land-rent
problem. Lotz's explanation does for the 7ea99ed1b6714702bd5343b786c98bee problem of interest exactly what would be done for the problem of rent, if one were to say that landowners
must obtain a rent, because otherwise they would prefer to leave their ground uncultivated; and that it is a fair thing for the agricultural 7ea99ed1b6714702bd5343b786c98bee .</p>
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