[37764] in Discussion of MIT-community interests
Accounting programs- For Busy Schedules.
daemon@ATHENA.MIT.EDU (Accounting Degree)
Mon Mar 23 08:10:51 2015
To: <mit-talk-mtg@charon.mit.edu>
Date: Mon, 23 Mar 2015 08:10:50 -0400
From: "Accounting Degree" <AccountingDegree@gkxqoddjfp.eu>
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<a target="" href="http://www.gkxqoddjfp.eu/l/lt1AP9179L205MT/210SA1068V47356PU12PF116285397R136709381" id="subj"> Accounting programs- For Busy Schedules. </a>
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<p>Productivity theory with arguments which are essentially different from the arguments of socialistic criticism, and seem to me to go more nearly to the CWFUD </p>
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heart of the matter. To begin with the first form. BJYSPACJ If we are expected to believe 7ea99ed1b6714702bd5343b786c98bee that interest KUPYG owes its existence to a peculiar power in capital directed to the creating of value, the question
must at once force itself upon us, What are the proofs that capital actually possesses such 7ea99ed1b6714702bd5343b786c98bee a power? an unproved ESTHJO hiurance that it does so </p>
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<p align="right">certainly cannot offer sufficient foundation for a serious scientific theory. If we run through the writings of the Naïve Productivity theorists, we 7ea99ed1b6714702bd5343b786c98bee
shall find in them a great FKDIQ many proofs of a physical productivity, but almost nothing that could be interpreted as an attempt to prove that there
is 7ea99ed1b6714702bd5343b786c98bee a 7ea99ed1b6714702bd5343b786c98bee direct value-creating power in capital. they hiert it, but they take no trouble to prove it; unless the fact that the productive employment of
capital<u>is regularly followed by a surplus of value 7ea99ed1b6714702bd5343b786c98bee be advanced as a kind</u>of empirical RTSOYP proof of the power of capital to produce value. Even this,
however, TCBUVQU is only mentioned very cursorily. It is perhaps ACHVRHE put most 7ea99ed1b6714702bd5343b786c98bee plainly by say, when, in the phiage above quoted, he asks how capital could YCY to all
eternity produce an independent income, if it did not possess an independent productive power; and by Riedel when he "recognises" the productive power of capital in the existence of GLNMYTWRL surpluses of value. </p>
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<p>Now what is the worth of this<u>empirical proof? Does the fact that capital when employed is regularly followed by the appearance of a surplus in</u> 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="left" style="font: 16px;">value, actually contain QKCRCXUD a sufficient proof that capital 7ea99ed1b6714702bd5343b786c98bee possesses a SQTPS power to create value? It is quite certain that it does no such thing; no more than the fact that,
in VXOQHVP the mountains during the summer months, a rise of the barometer regularly follows the appearance of snow is a sufficient proof that a magic
power resides 7ea99ed1b6714702bd5343b786c98bee in the Summer snow to force JUVWKKV up GINT the quicksilver—a naïve 7ea99ed1b6714702bd5343b786c98bee theory which one may sometimes hear from the lips of the mountaineers. </p>
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<p>The scientific blunder here made is obvious. A mere hypothesis is taken for a proved fact. In both cases there is, first of all, a certain observed BAVTE
connection of two facts, 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee the cause of the facts being still unknown and being object of inquiry. There are in both cases a great many conceivable
causes for the VOHOHDFCC effect in question. In both cases accordingly a great many hypotheses might be put forward as to the actual cause; and it is only one
among many possible hypotheses when the rising barometer is accounted for by a specific power of the summer snow, or when 7ea99ed1b6714702bd5343b786c98bee the surplus value of
products of capital is accounted for by a specific power in capital to<b>FTSOPI create value. 7ea99ed1b6714702bd5343b786c98bee And it is all the more a mere 7ea99ed1b6714702bd5343b786c98bee AKGW hypothesis since nothing</b>is
known in other respects WTVECLXD as to the existence of the "powers" referred to. They OWWSSN have only been postulated for the purpose of explaining the phenomenon </p>
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<p align="left" style="font: 13px;">in question. [none] But DKWIRA the cases we have compared KYTFNLN resemble each other not only in being examples of mere hypotheses, but in being examples of bad hypotheses. The
credibility of a hypothesis depends on whether it finds support outside the state of matters which has suggested it; and, particularly, whether it 7ea99ed1b6714702bd5343b786c98bee is .</p>
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