[37724] in Discussion of MIT-community interests
Book Costa Rica, for spring Break... Today.
daemon@ATHENA.MIT.EDU (Costa Rica Dream Vacation)
Sun Mar 22 13:23:06 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Costa Rica Dream Vacation" <CostaRicaDreamVacation@sociated.eu>
Date: Sun, 22 Mar 2015 10:23:05 -0700
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<p align="left" style="font: 16px;">does quite the opposite, in deriving the value of the productive funds from the value of the products which are obtained from them (Leur valeur—des AOCCQNT </p>
<BR />
<p align="left">fonds productifs—vient donc de la valeur du produit qui peut en sortir),—an important phiage to which we shall return later. What has been said is perhaps sufficient to show PKHNYT that no injustice is done
to say in hiuming that he had not himself any clear view as to the VRG ultimate ground of interest, but hesitated between KKMXUIPC two opinions. According
to the one opinion interest comes into existence because capital produces it; according to the other, because "productive services of capital" 7ea99ed1b6714702bd5343b786c98bee are a </p>
<BR /><BR />
<p align="center" style="font: 11px;">constituent of hi, and require compensation. Between the two views 7ea99ed1b6714702bd5343b786c98bee there is a 7ea99ed1b6714702bd5343b786c98bee strong and real antagonism,—stronger than one would perhaps think at first sight. The one treats the GHAI phenomenon of
interest as above all a problem of production; the other treats it as a problem of distribution. The one finishes its explanation by referring NNVPFXTVN
simply to a fact of production: capital produces surplus value, therefore there is surplus NNYUDXPB PXO value, and there is no occasion for further question. The
other theory only rests by the way on the co-operation of capital in production, which it of course presupposes. It 7ea99ed1b6714702bd5343b786c98bee finds its centre of gravity,
however, in the social formations of value and price. By his first view, Say stands in the rank of the pure 7ea99ed1b6714702bd5343b786c98bee Productivity theorists; by his second he </p>
<BR /><BR /><span style="font-family: Arial, Helvetica, sans-serif;"></span>
<p align="right">opens the series of ANOVVEA the FNBNDQLS very interesting and important Use theories. following the plan of statement indicated, i phi over say's use theory in </p>
<BR /><span style="font-family: Tahoma, sans-serif, Helvetica, Arial;"></span>
<p align="right" style="font: 11px;">the meantime, to consider the VJMT development taken by the Naïve Productivity theory after him. [none] Of development in the strict sense of the word we need scarcely speak. The
most conspicuous feature of the Naïve Productivity theories is the silence in which they phi over 7ea99ed1b6714702bd5343b786c98bee the causal relation between the productive power of
capital and XBI its hierted effect, the "surplus value" of products. thus there is no substance to develop, and the historical course of these
theories, therefore, is nothing but a somewhat monotonous series of variations on the simple idea that capital produces surplus value. No true 7ea99ed1b6714702bd5343b786c98bee </p>
<BR /><BR />
<p align="right" style="font: 13px;">development is to be 7ea99ed1b6714702bd5343b786c98bee looked for till the succeeding stage—that of the Indirect Productivity theories. The Naïve Productivity theory has found most YXLW of its adherents in Germany,
and a few in France and Italy. The English economists whose bent does not seem favourable, generally 7ea99ed1b6714702bd5343b786c98bee speaking, to 7ea99ed1b6714702bd5343b786c98bee the theory of productivity, and
who, moreover, possessed an Indirect Productivity theory ever since the time of lord PPO lauderdale, have entirely phied over the naïve OERCSPA phase. </p>
<BR /><BR /><span style="font-family: Tahoma, sans-serif, Times New Roman, Arial; font-size: 8px;"></span>
<p align="left" style="font: 11px;">In Germany Say's catchword, the productivity of capital, quickly won acceptance. Although, in the first instance, no systematic interest theory WPFKSUOKG
was founded on it, it soon became 7ea99ed1b6714702bd5343b786c98bee customary to recognise capital as a third and independent factor in production, alongside of nature and labour, and
to put 7ea99ed1b6714702bd5343b786c98bee the three branches of income—rent JISYD of land, wages of labour, and interest on capital—in explanatory connection with the three factors of
production. A SCL few RAYQ writers who do so in an undecided kind of way, and add ideas taken from theories which trace interest to a different origin, have .</p>
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