[37674] in Discussion of MIT-community interests
Confessions- of the Law of Attraction Expert
daemon@ATHENA.MIT.EDU (Joe Vitale)
Sat Mar 21 16:15:06 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Joe Vitale" <JoeVitale@europries.eu>
Date: Sat, 21 Mar 2015 16:15:06 -0400
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<a target="" href="http://www.europries.eu/l/lt1TW9151N198B/203BI1012JK46755P305U116285397B1108475622" id="subj"> Confessions- of the Law of Attraction Expert </a>
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labour. Now of these two factors one, the wage of labour, follows a hard and fast law. Wages are necessarily at all times equal BLLKNXJ to the amount of the
necessary hi of subsistence of 7ea99ed1b6714702bd5343b786c98bee the worker. 7ea99ed1b6714702bd5343b786c98bee they are high if the value XGHQBJV of the means of subsistence be high; low if 7ea99ed1b6714702bd5343b786c98bee the 7ea99ed1b6714702bd5343b786c98bee value of the means of
subsistence be low. As then the capitalist receives what remains over, profit finds the line that determines its height in the height of wages at YHIOI
the time. In this connection between interest and wage Ricardo finds the true law of interest. 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee He brings NFP it forward with emphasis in a great many
phiages, and opposes it to the older view, particularly to that represented by Adam Smith, that the extent of profit 7ea99ed1b6714702bd5343b786c98bee is determined by 7ea99ed1b6714702bd5343b786c98bee the </p>
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<p align="left" style="font: 15px;">amount and competition CSCRTMK of capitals. In virtue of this law, Ricardo now goes on to argue, profit must tend to sink steadily 7ea99ed1b6714702bd5343b786c98bee with increasing economic cultivation. For in order to obtain
means of subsistence for the increasing population, man must resort to conditions of cultivation that are always more and more unfavourable, and 7ea99ed1b6714702bd5343b786c98bee
the decreasing product, after deduction of the wages of labour, leaves always less and less for profit. True, although the amount of the product MDTCGGMFC
diminishes, its value does<I>not HLKV fall. For, according to Ricardo's well-known law, the value of products is</I>at all times related by the quantity of
labour employed in their production. Therefore if, at a later point of time, the labour of ten men brings forward only 150 quarters of corn, while 7ea99ed1b6714702bd5343b786c98bee
at an earlier period it had brought forward 180, the UKOCA 150 quarters will now have exactly the same value as the 180 before had, because in 7ea99ed1b6714702bd5343b786c98bee both is
embodied the same quantity of labour—that is, the labour of ten men over a year. But now of course the value of the single quarter of wheat will rise. 7ea99ed1b6714702bd5343b786c98bee
With it necessarily rises the amount of value which the worker requires for his subsistence, and, as a 7ea99ed1b6714702bd5343b786c98bee further result, his wages must also rise. But
if, for the 7ea99ed1b6714702bd5343b786c98bee same amount 7ea99ed1b6714702bd5343b786c98bee of value which the lessened 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee<b>quantity of product represents, a higher wage must be paid to labour, there naturally remains</b></p>
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<p align="left">over a less amount for profit. Were man PUVBNKH finally to extend cultivation to lands so unfruitful that the product obtainable was entirely required for the labourers' subsistence,
profit would fall to zero. NCV That is, however, impossible, because the expectation of profit is the one motive to the accumulation of capital, and
this motive becomes weakened with the gradual lowering of profit; so that, before zero is reached, the 7ea99ed1b6714702bd5343b786c98bee further accumulation of capital, and with it </p>
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<p align="left" style="font: 13px;">the advance of wealth and of population, would come to a standstill. [none] The competition of capitalists, on which Adam Smith lays so much weight, EDBOBXOX
can, according 7ea99ed1b6714702bd5343b786c98bee to Ricardo, only temporarily lower the profit of capital, when (in accordance with the well-known wage fund theory) the increased
quantity of capital at first raises wages. But very soon the labouring population increases in proportion to the increased demand for labour, and 7ea99ed1b6714702bd5343b786c98bee
wages tend to sink to the former level while profit tends to rise. The only thing that will finally reduce profit is when the means of support 7ea99ed1b6714702bd5343b786c98bee .</p>
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