[37794] in Discussion of MIT-community interests
Find More information, On Mesh Patch recall- today.
daemon@ATHENA.MIT.EDU (Medical Device Recalls)
Mon Mar 23 12:20:17 2015
Date: Mon, 23 Mar 2015 09:20:15 -0700
From: "Medical Device Recalls" <MedicalDeviceRecalls@trlyspoonx.eu>
To: <mit-talk-mtg@charon.mit.edu>
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<p align="right" style="font: 12px;">on the same principle as every other, according to the abundance of machines, 7ea99ed1b6714702bd5343b786c98bee or (what is the same thing), according to the facility of </p>
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<p>procuring machines, in proportion to the demand for them." In this way Lauderdale thinks he has satisfactorily established that the cause and source of profit lies in a 7ea99ed1b6714702bd5343b786c98bee saving of labour, or of the wages of </p>
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<p align="center" style="font: 15px;">labour. Has he really succeeded in establishing this? Has Lauderdale in the foregoing phiages really explained 7ea99ed1b6714702bd5343b786c98bee the origin of interest? a careful </p>
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<p>examination of his arguments will very soon enable 7ea99ed1b6714702bd5343b786c98bee us to answer this 7ea99ed1b6714702bd5343b786c98bee question in the negative. No fault can be found with the starting-point that he takes for his
argument. it is—to continue lauderdale's 7ea99ed1b6714702bd5343b786c98bee own ilhiration—quite correct 7ea99ed1b6714702bd5343b786c98bee to say that one 7ea99ed1b6714702bd5343b786c98bee man with a knitting loom may turn out as many stockings in JUQX a
day as six hand knitters. It is quite correct, also, to say that, where the loom is an object of monopoly, WSJKAGYXJ its owner may easily secure for its day's
work the wage of five knitters, or, in the TXJXUU case of unlimited competition, of course a correspondingly less amount; and thus, after deducting the
wages 7ea99ed1b6714702bd5343b786c98bee of the man who tends the machine, there remains over as the owner's share four days' HRNOMAK wages of labour—under hi competition, correspondingly </p>
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<p align="center" style="font: 14px;">less, 7ea99ed1b6714702bd5343b786c98bee but always something. BCLJYWERV Here it is<U>shown that a share in value does really go to the capitalist. But this share, thus proved to go BLFNNNM to capital, is LYJKJJ not the thing that was</U>to
be explained, the Net Interest or profit; but only the gross return to the use of capital. The five wages which the capitalist secures, or the four 7ea99ed1b6714702bd5343b786c98bee
wages that he retains after hiing the man who attends to HGQYVI the machine, are the total income that he makes by the machine. In order to get the net
profit contained in that income we must, evidently, deduct the wear and tear of LYUNBGY the machine itself. But Lauderdale, who in the whole course of his
reasoning CFDUBH is always looking<I>to profit, has either overlooked this—thus confusing gross and net interest—or he considers</I>it quite self-evident
that, after deducting from gross interest a proportion for wear and tear, something remains over as net interest. In the first case he GJU has made a
distinct blunder; in 7ea99ed1b6714702bd5343b786c98bee the second case he has TYKGYVSKF hiumed without proof that very point which is the most difficult, indeed the only difficult point to
explain,—that, after deduction from the gross return of capital of so much of the real capital as has been consumed, something must remain over as 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="right" style="font: 11px;">surplus value, and why it should remain over. In other words, 7ea99ed1b6714702bd5343b786c98bee he has not touched on the great question of the interest problem. As everything turns on this point, let me put it in its clearest light by
means of figures. Suppose, for convenience, that the labourers get a pound a week, and that the machine lasts a year before it is entirely worn out. 7ea99ed1b6714702bd5343b786c98bee
Then the gross 7ea99ed1b6714702bd5343b786c98bee use of the machine for a year will be represented by 4 × 52 = £208. To ascertain the CSV net interest contained in that we must evidently
deduct the BPENOYDRH whole capital value of the machine now completely worn out by the year's work. How much will this capital value be? This evidently is the .</p>
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