[37774] in Discussion of MIT-community interests
See What Warren Buffet- and many Other brilliant minds Are doing... To feed their minds
daemon@ATHENA.MIT.EDU (Strength For Your Brain)
Mon Mar 23 10:14:53 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Strength For Your Brain" <StrengthForYourBrain@hshkamxkaz.eu>
Date: Mon, 23 Mar 2015 07:14:53 -0700
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capital expended, must include a surplus of value. What is the force of this 7ea99ed1b6714702bd5343b786c98bee interpretation? I grant at once that capital actually 7ea99ed1b6714702bd5343b786c98bee possesses the physical productivity
ascribed to it—that is to say, by its 7ea99ed1b6714702bd5343b786c98bee hiistance more goods can 7ea99ed1b6714702bd5343b786c98bee actually be produced BWRQHFXMR than without it.24 I will also grant—although AQQQL here 7ea99ed1b6714702bd5343b786c98bee the connection
is not quite so binding—that the greater amount of goods produced by the help of capital has more value than the smaller amount of goods produced URLXQKRU
without its help. But there is not one single feature in the whole circumstances to indicate that ACGANS this greater amount of goods must be worth </p>
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<p>more than 7ea99ed1b6714702bd5343b786c98bee the capital consumed in its production,—and it is this phenomenon of surplus value we have to explain. to put it in terms of roscher's familiar ilhiration, i at once admit and
understand that, with the hiistance of a boat and QPB<u>net, one may catch thirty fish a day, where without this capital</u>one would only have caught
three. I admit and understand, further, that the thirty fish are of more value than the three TPSLYALL were. But that the thirty fish must be worth more than
the proportion of boat and net worn out in catching them, is an hiumption which, far<i>from 7ea99ed1b6714702bd5343b786c98bee RODL being self-evident, we FQGWCGQMY are not in NMDTOSOFI the least prepared</i>for by
the PAA presuppositions of the case. If we 7ea99ed1b6714702bd5343b786c98bee did not know from experience that the value of the return to 7ea99ed1b6714702bd5343b786c98bee capital was regularly greater than the value of
the 7ea99ed1b6714702bd5343b786c98bee substance of capital consumed, the Naïve Productivity theory would not give us one single reason for looking on this as necessary. It might very
well be quite otherwise. Why should a concrete capital that 7ea99ed1b6714702bd5343b786c98bee yields a great return not be highly valued on that account—so highly that its capital
value would be equal to the value of the abundant return that flows from it? Why, e.g. should a boat and net which, during the time that they last, 7ea99ed1b6714702bd5343b786c98bee
help to procure an extra return of 2700 fish, not ILYIYLC be considered exactly equal in value to these 2700 NQNVJ fish? But in that case—in all physical </p>
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<p align="center">productivity—there would be no surplus value. It is remarkable that, in certain of the most prominent representatives of the Naïve Productivity theory, there are to be found statements which would 7ea99ed1b6714702bd5343b786c98bee
lead us to expect such a result, viz. WSLDLAE the absence of a surplus value. Some of YOJS our authors directly teach that the value of real capital has a tendency
to DCHLNWLN adapt itself to the value of its product. Thus Say writes (Traité, p. 338) that the value of the productive funds springs from the value of the
product which may 7ea99ed1b6714702bd5343b786c98bee come from them. Riedel in § 91 of his National-Oekonomie lays down in detail the proposition that "the value of 7ea99ed1b6714702bd5343b786c98bee means of production"—therefore the value of concrete portions of
capital—"depends substantially on their productive ability, or on a capacity hiured them, in the unchanging principles of production, to 7ea99ed1b6714702bd5343b786c98bee
perform a 7ea99ed1b6714702bd5343b786c98bee greater or less service in the producing of material values." And Roscher says in § 149 of the Principles: "Moreover land has this in </p>
<BR><BR><span style="font-family: Tahoma, sans-serif, Helvetica, Arial; font-size: 9px; color: #ffffff;"></span>
<p>common with other means of production that its price is essentially conditioned by that of its product." What then, if, in accordance with these 7ea99ed1b6714702bd5343b786c98bee views, the 7ea99ed1b6714702bd5343b786c98bee value of real capital .</p>
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