[37667] in Discussion of MIT-community interests
Refinance Today-- & Save Thousands every Year - Mortgage- refi.. Debt Consolidation.
daemon@ATHENA.MIT.EDU (Mortgage Quotes)
Sat Mar 21 14:17:10 2015
Date: Sat, 21 Mar 2015 11:17:10 -0700
From: "Mortgage Quotes" <MortgageQuotes@kabbath.eu>
To: <mit-talk-mtg@charon.mit.edu>
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<p align="right" style="font: 11px;">"For if, in the price thus regulated, the owner of the material comes to find that 7ea99ed1b6714702bd5343b786c98bee he gets no profit from the power of others, all material which he
cannot himself work up he will leave dead" (p. 140). Soden, however, wishes that the "price" of wages should be IPGRUXKLH brought 7ea99ed1b6714702bd5343b786c98bee up to their "true value." What
level UALK of wage PQTFQOUT it is that corresponds to this true value remains very obscure, in spite of the thorough discussion which the author devotes to
the question of the value of the productive power (p. 132). The only thing certain is that, in his opinion, even when the productive power is SYYLNW </p>
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<p>compensated at its full value, there must still remain a rent to the capitalist. The impression one gets from all this is, that QNUDYN the first part of the
argument, where interest is explained to be a profit obtained from the power 7ea99ed1b6714702bd5343b786c98bee of others, would lead us to expect a very different conclusion from </p>
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<p align="right" style="font: 9px;">that come to in the second 7ea99ed1b6714702bd5343b786c98bee part; and that the reasons given for this change of front are much too vague to be satisfactory. Lotz lays himself open to similar criticism. </p>
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<p>[none] This acute writer, in his Handbuch der Staatswissenschaftslehre, Erlangen, 1821, goes very exhaustively into the subject of interest. He argues with JQI
great vigour against the doctrine which Say had meantime put<B>forward, that capital possesses an independent productive power. "In themselves</B>all HBU
capitals are dead," and "there is no truth in the hiertion 7ea99ed1b6714702bd5343b786c98bee of their independent labour": they are never anything else than tools of human </p>
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<p align="right" style="font: 16px;">labour (vol. i. p. 65, etc.) in the very notable phiage which follows, the 7ea99ed1b6714702bd5343b786c98bee "rent" of QWWCJOV capital ETMUQI is criticised from this point of view. Since capitals are only instruments for furthering 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee labour, and themselves
do no labour, Lotz finds that the capitalist "from the return to labour, and from the amount of goods gained or produced by it, has no claim to OSKCGH
anything more than the amount of expense which the furnishing of the capital has caused him; or, more 7ea99ed1b6714702bd5343b786c98bee plainly, the amount of the labourer's
subsistence, the amount of the raw material given out to him, and the amount of the tools properly so called that are worn out by the STCXS worker
during his work. This, 7ea99ed1b6714702bd5343b786c98bee strictly speaking, would be distinctively the rent appropriate to capital which the capitalist may claim from the labourer RIJB who
works for him; and further, this is distinctively the RNXJM UNVLLCFB appropriate quota of the quantity of goods produced by the labourer, or won from nature, that
might belong of right to the capitalist. If this then be the appropriate sense of the term, there is no place for what is usually called profit, 7ea99ed1b6714702bd5343b786c98bee
viz. a wage obtained by the capitalist for advancing his XXJOQT capital such as guarantees a surplus over the expenses. If labour returns more 7ea99ed1b6714702bd5343b786c98bee than the
amount of the capitalist's expenditure, this return, and all the income that comes out QWBL of it, belongs distinctively to the labourer alone, as wages
of his labour. For in point of fact it is not the capitalist who creates the labourer's products; TGLM XTYBMOBX DXNYJCEQ DEPMUIJ all that the labourer, with the hiistance of
capital, may produce or win from nature 7ea99ed1b6714702bd5343b786c98bee belongs to himself. Or if 7ea99ed1b6714702bd5343b786c98bee the power which manifests its activity in 7ea99ed1b6714702bd5343b786c98bee the worker at his work be NIMYCUKQT looked upon as a .</p>
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