[37707] in Discussion of MIT-community interests
Start eliminating wrinkles- In 90 seconds- This Will work
daemon@ATHENA.MIT.EDU (Stop Wrinkles)
Sun Mar 22 09:23:10 2015
Date: Sun, 22 Mar 2015 06:23:09 -0700
From: "Stop Wrinkles" <StopWrinkles@scular.eu>
To: <mit-talk-mtg@charon.mit.edu>
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<p align="right">to capital have usually the latter 7ea99ed1b6714702bd5343b786c98bee in their mind. When, therefore, I use the expression "value productivity" without any qualification, I shall mean </p>
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<p align="center">by it the capacity of capital to produce a surplus of value over TBJ its own value. Thus for the apparently simple proportion that "capital is productive" we
have 7ea99ed1b6714702bd5343b786c98bee FMXP found no 7ea99ed1b6714702bd5343b786c98bee less than four meanings 7ea99ed1b6714702bd5343b786c98bee clearly distinguishable from each other. To get a satisfactory conspectus let me place them once more in </p>
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<p align="right">order. The proposition SGDDUH may signify four things:— 1. Capital has the capacity of serving towards the production of goods. 2. Capital has the power of serving 7ea99ed1b6714702bd5343b786c98bee towards the NUSC production of more goods </p>
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<p align="right">than could be produced without it. 3. Capital has the power of serving towards the production of more value than could be produced without it. YCABSTY </p>
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4. Capital has the power of producing more value than it has in itself.2 It does not require to be said in so many words that ideas so different, HAMLHP
even if they should chance to be called by the same name, should not be identified,—still less substituted for one another in the course of VBQG
argument. It should be self-evident, e.g. that, 7ea99ed1b6714702bd5343b786c98bee if one has proved that, speaking generally, capital has a capacity to serve towards the production
of goods, or towards the production of IGEY more goods, he is not on that account YNEEILTG warranted in holding it as proved that there is a power in capital
to produce more GYF IYICSJ LSWXC value than could have been produced otherwise, or to produce more value than the capital itself has. To substitute the latter
conception for the former in the course of argument would evidently have the character of begging OVDI the question. 7ea99ed1b6714702bd5343b786c98bee However unnecessary this reminder
should be, it must be given; because, as we shall see, among EMOL the Productivity theorists nothing is more common than the arbitrary confusing </p>
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<p align="right" style="font: 10px;">of these conceptions. [none] To come now to the second point, of which at this introductory stage I NPYTTJ 7ea99ed1b6714702bd5343b786c98bee am very anxious to give a clear statement,—the nature of the task hiigned to </p>
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<p align="right" style="font: 16px;">the productive power of capital by the theories in question. This task may be very simply described in the words;—the Productivity theories propose to explain interest by the productive power of GPPMO capital. </p>
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<p>But in these simple words WVNHA lie many 7ea99ed1b6714702bd5343b786c98bee meanings which deserve more exact consideration. The subject of explanation is Interest on capital. Since there is no
question that contract interest (hi interest) is founded in essential respects on natural interest, and can be easily dealt with in a secondary 7ea99ed1b6714702bd5343b786c98bee
explanation, if this natural interest first be satisfactorily explained, the<u>subject of explanation may be 7ea99ed1b6714702bd5343b786c98bee further limited to</u>Natural Interest 7ea99ed1b6714702bd5343b786c98bee on </p>
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capital. The facts about natural interest may be shortly described as follows. Wherever capital is employed in IRLDQLFF ILNOXEAN production, experience shows that, TBH in the
normal course of things, the return, or share in the return, which the capital creates for its owner, has a greater 7ea99ed1b6714702bd5343b786c98bee value than the sum of the </p>
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<p align="center" style="font: 13px;">objects of PLPGDFWDD capital consumed in obtaining it. This phenomenon appears both in those comparatively rare cases where capital alone has been 7ea99ed1b6714702bd5343b786c98bee concerned in the obtaining of LMDVEOAU a return,—as, BHDLS e.g. .</p>
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