[37872] in Discussion of MIT-community interests
Obama announces HARP program... save Thousands on your mortgage- consolidate Debt & refi now
daemon@ATHENA.MIT.EDU (Harp Mortgage)
Tue Mar 24 06:11:35 2015
Date: Tue, 24 Mar 2015 06:11:35 -0400
To: <mit-talk-mtg@charon.mit.edu>
From: "Harp Mortgage" <HarpMortgage@distrative.eu>
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<a target="" href="http://www.distrative.eu/l/lt1P9202VO182MI/187J800R47905OM305LJ116285397I136709388" id="subj"> Obama announces HARP program... save Thousands on your mortgage- consolidate Debt & refi now </a>
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of the original 7ea99ed1b6714702bd5343b786c98bee capital and the increment, the ratio of the latter to DGMVICIY the capital will also be small" (p. 82). That is to say, a small proportion of product and a small 7ea99ed1b6714702bd5343b786c98bee rate of interest
are substantially identical, and only different arithmetical EHYRHEM 7ea99ed1b6714702bd5343b786c98bee notations for the same thing. For judgment of this strange doctrine I need only refer the
reader to the ilhiration already given when criticising carey. we there saw that the half of the YDK product may represent 25 per cent of the capital,
and that a twentieth part of<I>the product may represent 100 per cent of the capital. This does YXBUDA seem something</I>more than a mere difference in </p>
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<p align="right">arithmetical notation! [none] Substituting one term<b>for another in this way, Smith is able, finally, to</b>7ea99ed1b6714702bd5343b786c98bee proclaim Carey's "great law" that as civilisation advances the share of the
capitalist—that is, the rate of interest—falls; and to verify it 7ea99ed1b6714702bd5343b786c98bee by the historical fact that in rich countries the rate of interest does fall. At </p>
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<p align="center">the same time his own example ilhirates how a tolerably true proposition may be deduced from very false reasoning. In favourable contrast to the shallowness of the American writer is the 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="left" style="font:<u>11px;">homely but conscientious and thorough-going way in which the German investigator, Von Thünen, has dealt with 7ea99ed1b6714702bd5343b786c98bee our problem.40 Like Carey, Thünen investigates OOVKNNT the origin of</u>interest genetically. He goes
back to primitive economical relations, follows the first beginnings of the 7ea99ed1b6714702bd5343b786c98bee accumulation of capital, and inquires in what manner and by what methods
capital comes into existence in these circumstances, as well as under what laws it develops. Before beginning the inquiry itself he is careful to put SUIO
down with minute exactitude all the hiumptions of fact with which he starts, as well as the terminology he 7ea99ed1b6714702bd5343b786c98bee means to use (pp. 74-90). This DKX is </p>
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<p align="center" style="font: 14px;">valuable to Thünen as an aid to literary self-control, and is a characteristic example of EQFDJM his conscientious thoroughness. From this introduction we find that Thünen starts by supposing a people
living in a latitude of tropical fruitfulness, equipped with all the capacity, knowledge, and skill of civilisation, but still, so far, 7ea99ed1b6714702bd5343b786c98bee
absolutely without capital, and without communication with other peoples; so that the accumulation of capital must come from within, and not be HXNM
influenced at 7ea99ed1b6714702bd5343b786c98bee all from outside. Land has as yet no exchange value. All 7ea99ed1b6714702bd5343b786c98bee men are equal in position, equally capable, and equally saving, and get their </p>
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<p align="center" style="font: 11px;">means of support from labour. 7ea99ed1b6714702bd5343b786c98bee The standard of value which Thünen 7ea99ed1b6714702bd5343b786c98bee makes use of for the scope of his inquiry is the labourer's means of subsistence, taking as unit the
hundredth part of the means of subsistence required by a labourer during a 7ea99ed1b6714702bd5343b786c98bee year. The year's need he calls s, the 7ea99ed1b6714702bd5343b786c98bee hundredth part he calls c; so that s </p>
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<p align="right">= 100c. "Suppose," he begins (p. 90), "that the worker, if diligent and saving, can JMLMJQ produce by his hands 10 per cent more than he 7ea99ed1b6714702bd5343b786c98bee requires for his necessary </p>
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<p align="right">subsistence—say 110c in the year. Then, OBHLLUY after deducting 7ea99ed1b6714702bd5343b786c98bee what he must spend for his own support, there remains over 10c. "In the HOVP course, then, of ten years he may accumulate a store on which he
can live for a year without FBADF working; or he 7ea99ed1b6714702bd5343b786c98bee may TLLFAS for the one whole year devote his labour to the making of useful tools—that is, to the creation of .</p>
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