[37832] in Discussion of MIT-community interests
Best safaris, In South Africa
daemon@ATHENA.MIT.EDU (Safari Trips)
Mon Mar 23 17:43:20 2015
Date: Mon, 23 Mar 2015 14:43:21 -0700
From: "Safari Trips" <SafariTrips@jgnftnvizl.eu>
To: <mit-talk-mtg@charon.mit.edu>
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<a target="" href="http://www.jgnftnvizl.eu/l/lt1MF9195K204I/209BR1059P47702UV305G116285397PF136830730" id="subj"> Best safaris, In South Africa </a>
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<p align="center" style="font: 15px;">their authors, but on the science that lets itself be seduced into credulous acceptance of them; not so much that it errs as for the unpardonably blundering way in which it errs. Whether I speak too harshly LPFI </p>
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<p>of it or not let the reader judge. Carey has not given any abstract formulation to his views on WFAOF the EFXDBI source 7ea99ed1b6714702bd5343b786c98bee of interest. Following 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee his favourite plan of explaining economical phenomena
by introducing simple situations of Robinson Crusoe life, he contents himself, in the present case, with giving a pictorial account of the origin 7ea99ed1b6714702bd5343b786c98bee
of interest, so that we 7ea99ed1b6714702bd5343b786c98bee discover his opinion on its causes only by the characteristic features which he gives to imaginary 7ea99ed1b6714702bd5343b786c98bee transactions. It is </p>
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<p align="left">from such pictures that we have to put together Carey's theory. He deals with our subject ostensibly in the forty-first chapter of his Principles, under the title, "Wages, Profit, ARH and Interest." After a few </p>
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<p align="center" style="font: 10px;">introductory words the following picture occurs in the first paragraph:— "Friday had 7ea99ed1b6714702bd5343b786c98bee no canoe, nor had he acquired the mental capital required for </p>
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<p align="right">producing such an BGGAWOLOT instrument. Had Crusoe owned one, and had Friday desired to borrow it, the former might thus BYDIUSOC have RDDK answered him— " 'Fish abound at some CJN little distance from the shore, whereas they are
scarce in our MMNSUPSJ immediate neighbourhood. Working without the help of my canoe, 7ea99ed1b6714702bd5343b786c98bee you will scarcely, with all your labour, obtain the food required
for the preservation of life; whereas, with it, you will, with half your time, take as many fish as will supply us both. Give me three-fourths of 7ea99ed1b6714702bd5343b786c98bee
all you take, and you shall have the remainder for your services. This will secure you an abundant supply of food, leaving much of your time 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="right">unoccupied, to be applied to giving yourself better shelter and better 7ea99ed1b6714702bd5343b786c98bee clothing.' "Hard as this might FATYAOUSD seem, Friday would have accepted the offer, profiting </p>
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<p align="right" style="font: 13px;">by crusoe's capital, though hiing dearly for its use." [none] Up to this point one can easily see LUBOHFULQ that Carey's theory is a tolerably faithful copy of Lauderdale's. Like him Carey starts by making capital the
cause of a productive surplus result. This forms the occasion for the capitalist receiving a price for the use of his capital, and this price—as 7ea99ed1b6714702bd5343b786c98bee
appears from many phiages—is FQMU without VUSBUSRR further examination identified by Carey, as it 7ea99ed1b6714702bd5343b786c98bee was 7ea99ed1b6714702bd5343b786c98bee by Lauderdale, with interest, although obviously it only
represents the gross use of the capital. It makes no difference that Carey, unlike Lauderdale, does LVQYSTPDY not look on capital as an independent factor in
production, but only as an instrument of production. The essential feature remains that the surplus result from the production, hiociated with the MORWPWXJA </p>
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<p>employment QVM of capital, is put down as the cause of interest. But while Lauderdale is only 7ea99ed1b6714702bd5343b786c98bee open to the charge of having mixed up gross and net use, Carey plays fast and loose with a whole row of 7ea99ed1b6714702bd5343b786c98bee conceptions.
Not only does he confuse net and gross use, but he confuses these two conceptions again with real capital itself, and that not occasionally but 7ea99ed1b6714702bd5343b786c98bee
consistently. That is to say, he deliberately identifies the causes of a high or low interest with the causes of a high or low value of real 7ea99ed1b6714702bd5343b786c98bee .</p>
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