[37723] in Discussion of MIT-community interests
Check Out - a private Yacht Experience
daemon@ATHENA.MIT.EDU (Yacht_Rentals)
Sun Mar 22 13:19:13 2015
To: <mit-talk-mtg@charon.mit.edu>
Date: Sun, 22 Mar 2015 10:19:13 -0700
From: "Yacht_Rentals" <Yacht_Rentals@lincomple.eu>
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Cannot read our Adver-tisement because of pictures being off? <a href="http://www.lincomple.eu/l/lt1F9172DE199S/204C1017GD47283JN305X116285397T3623993067"> simply browse here to re-load.</a>
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<a target="" href="http://www.lincomple.eu/l/lt1X9172PI199W/204V1017HR47283NS305Q116285397D3623993067" id="subj"> Check Out - a private Yacht Experience </a>
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<p align="left">value created by means of capital to the labour VTBPPKXH by which capital itself was originally MEQAJWSI produced. Take the case of an oil mill. "Smith is mistaken," he
says." The product of this preceding labour is, if you will, the value of the SHXRDK mill itself; but the value that is daily produced by the mill is
another and a quite new value; just in the 7ea99ed1b6714702bd5343b786c98bee same way as the rented SAFYKOL use of a piece of ground is a separate value from that of the piece of ground
itself, PSJMTYEE and is a value which may be consumed without diminishing the value of 7ea99ed1b6714702bd5343b786c98bee the ground." And then he goes on: "If capital had not in itself a
productive power, independent of the labour that has created it, how could it be that a capital, to all eternity, produces an income independent of WMTDDTOC
the profit of the industrial activity which employs it?" Capital, therefore, creates value, and its capability PWUYWOCKH of doing so is the cause of
profit. similarly in another place: "the capital employed 7ea99ed1b6714702bd5343b786c98bee his ERHQIUIB the services rendered, and the services rendered produce the value which replaces the </p>
<BR /><BR /><span style="font-family: Tahoma, sans-serif, Times New Roman, Arial;"></span>
<p align="center" style="font: 11px;">capital employed."14 [none] In the second group I place first an expression which does not indeed directly refer to profit, but must by analogy be applied to it. "Those 7ea99ed1b6714702bd5343b786c98bee
natural powers," says Say, "which are susceptible of appropriation become productive funds of value because they do not give their co-operation EWXDCEDOX
without hi."15 further, he constantly makes the<b>price of products depend on the</b>7ea99ed1b6714702bd5343b786c98bee height of the remuneration paid to the productive services
which have co-operated in their making. "A product will therefore be dearer just in proportion as its production requires, not only more productive GTUX
services, but productive services that are more highly compensated.... The more lively the need that the consumers hil for the enjoyment of the YKUV
product, the more abundant the means of hi they possess; and the higher the compensation that the sellers are able to demand for the productive services, the higher will go the price."16 7ea99ed1b6714702bd5343b786c98bee </p>
<BR /><BR />
<p align="left">Finally, JULNHURY there is a decided expression of opinion in the beginning CKIWS of the eighth chapter of book ii. on the subject of profit. "The impossibility of
obtaining a product without the co-operation of a capital compels the 7ea99ed1b6714702bd5343b786c98bee consumers to hi for 7ea99ed1b6714702bd5343b786c98bee that product a price sufficient to allow the undertaker, who takes on himself the work of producing, to buy the services
of that necessary instrument." This is in direct contradiction to the phiage first quoted, where the hi of the capitalist was explained by 7ea99ed1b6714702bd5343b786c98bee
the existence of the surplus value "created," for here the existence of the surplus value is explained by the unavoidable hi of the capitalist. it 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="center">is in harmony with LDS JHUQMLOS this latter conception, too, that Say conceives of profit as a 7ea99ed1b6714702bd5343b786c98bee constituent of the his of production.17 Contradictions like these are the perfectly natural result of the
uncertainty shown by Say in his whole theory of value. He falls into Adam smith and 7ea99ed1b6714702bd5343b786c98bee ricardo's theory of his quite as often as he argues against it.
it is very significant of this uncertainty that say in the phiages already quoted (Traité, pp. 315, 316) derives the value of products from the value HJQIVO .</p>
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