[37793] in Discussion of MIT-community interests
Make a Homeland Security Degree, a Reality
daemon@ATHENA.MIT.EDU (Study Homeland Security)
Mon Mar 23 12:19:52 2015
Date: Mon, 23 Mar 2015 09:19:52 -0700
To: <mit-talk-mtg@charon.mit.edu>
From: "Study Homeland Security" <StudyHomelandSecurity@prazmdehmc.eu>
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<p align="left">otherwise be performed by the hand of man, or from its performing a portion of labour, which is beyond 7ea99ed1b6714702bd5343b786c98bee the reach of the personal exertion of man to </p>
<BR><BR><span style="font-family: Tahoma, sans-serif, Helvetica, Arial; font-size: 10px; color: #ffffff;"></span>
<p align="right">accomplish" (p. 161).<B>In thus QKMJOR proclaiming the power of capital to supplant labourers as the 7ea99ed1b6714702bd5343b786c98bee cause of profit, Lauderdale refers, under a somewhat altered name, VFUDKWKPY to the same</B>
thing as we have agreed to call PIDGLBV the physical productivity of capital. For as a matter of fact Lauderdale 7ea99ed1b6714702bd5343b786c98bee himself, CTFXVB many times and PXM with emphasis, calls </p>
<BR><BR>
<p>capital "productive" and "producing," as on pp. 172, 177, 205. Still the chief question remains, In what way does profit originate from GKYRBR
the power of capital to supplant labourers? According to Lauderdale it is, that the owner of real capital29 is able to secure for himself as his PGO </p>
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<p>share, either wholly or at least in<i>part, the wages of those workers who 7ea99ed1b6714702bd5343b786c98bee are replaced by the capital. "supposing, for example," says lauderdale, in one of the many ilhirations</i>
by which he tries to establish the correctness of his theory,30 "one man with a loom should be capable of making three pairs of stockings a day, and 7ea99ed1b6714702bd5343b786c98bee
that it 7ea99ed1b6714702bd5343b786c98bee should require six knitters to perform the same work 7ea99ed1b6714702bd5343b786c98bee with equal elegance in the same time; it 7ea99ed1b6714702bd5343b786c98bee is obvious that the proprietor of the loom
might demand for making his three pairs of stockings<B>the wages of five knitters, and that</B>he would receive them; because the consumer, by dealing VQLGIKXQN </p>
<BR><BR><span style="font-family: Arial, Helvetica, sans-serif; font-size: 7px;"></span>
<p align="left" style="font: 10px;">with him rather than the 7ea99ed1b6714702bd5343b786c98bee knitters, would save in the purchase of the stockings the wages of one knitter" (p. 165). An objection obviously suggests itself 7ea99ed1b6714702bd5343b786c98bee which Lauderdale thus tries to
weaken: "The small profit which FDQ the proprietors of machinery generally acquire, DHKJHIMWI when compared with the wages of labour, which the machine
supplants, may perhaps create a suspicion of the rectitude of this opinion. Some fire-engines, for instance, draw more water from a YFSX coal pit in one day
than could be conveyed on the shoulders of 300 men, even hiisted by the machinery of buckets; and a fire-engine undoubtedly performs its labour at 7ea99ed1b6714702bd5343b786c98bee
a much smaller expense than the amount of the wages of 7ea99ed1b6714702bd5343b786c98bee those 7ea99ed1b6714702bd5343b786c98bee whose labour it thus supplants. This is, in truth, the case with all machinery." </p>
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<p align="right" style="font: 12px;">This phenomenon, however, Lauderdale explains, should not mislead us. It simply arises from the fact that the 7ea99ed1b6714702bd5343b786c98bee profit obtainable for the use of any
machine must be regulated by the universal regulator of prices, 7ea99ed1b6714702bd5343b786c98bee the relation of supply and demand. "The case of a patent, or exclusive privilege of 7ea99ed1b6714702bd5343b786c98bee the use of a machine... will tend further to 7ea99ed1b6714702bd5343b786c98bee ATRPCG ilhirate this. </p>
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<p align="left">[none] "If such a privilege is given for the invention<i>of 7ea99ed1b6714702bd5343b786c98bee a machine, which performs, by the labour of one</i>man, a quantity NVR of work that used to take
the labour of four; as the possession of the exclusive privilege prevents any 7ea99ed1b6714702bd5343b786c98bee competition 7ea99ed1b6714702bd5343b786c98bee in doing the work but what proceeds from the labour of the
four workmen, their wages, as long as 7ea99ed1b6714702bd5343b786c98bee the UEEUX patent continues, must obviously form the measure of UADLGKYP the SHCR patentee's charge—that is, to secure employment he
has only to charge a little less than the wages QBALBA of the labour which the machine supplants. But when the patent expires, other machines of the same .</p>
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