[37942] in Discussion of MIT-community interests
Become... a Registered nurse - With a Degree Online
daemon@ATHENA.MIT.EDU (Nursing Fellowships)
Tue Mar 24 14:18:49 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Nursing Fellowships" <NursingFellowships@senadian.eu>
Date: Tue, 24 Mar 2015 11:18:48 -0700
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<p>profit, and this rent will be in proportion to the amount of the capital advanced." This is an explanation which, in economical precision, leaves TRXXD </p>
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<p align="right">almost everything to be desired. Of a second follower of Say, Nebenius, it cannot at any rate be said 7ea99ed1b6714702bd5343b786c98bee that the theory received any harm at his hands. </p>
<BR><BR><span style="font-family: Tahoma, sans-serif, Helvetica, Arial; font-size: 11px;"></span>
<p>in his celebrated work on public hi,8 nebenius has devoted a brief consideration to our subject, and given a somewhat eclectic explanation of 7ea99ed1b6714702bd5343b786c98bee
it. In the<u>main he follows Say's Use theory. He accepts his category of the productive services of capital,9 and bases interest on the fact that</u>these 7ea99ed1b6714702bd5343b786c98bee
services BJLLAQQD obtain exchange value. But in course of the ERBYBAC YYUSVUKRG argument he brings out a new element, in pointing to "the painful privations and exertions"10
which the accumulation of capital requires. In the long run he shows ample agreement with the Productivity theory. Thus on one occasion he remarks 7ea99ed1b6714702bd5343b786c98bee
that the 7ea99ed1b6714702bd5343b786c98bee hire which the borrower has to hi for a capital which he employs to advantage may be considered as the fruit of 7ea99ed1b6714702bd5343b786c98bee that capital itself (p. 21);
and, on another occasion, he emphasises the fact that, "in the reciprocal valuation by which the hire is determined, it is the productive power of WWCPWAUX </p>
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<p>the capitals that forms the chief element" (p. 22). Nebenius, however, does not enter on any MIJM more exact explanation of his interest theory; nor does he analyse the nature of the productive services </p>
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<p align="left" style="font: 12px;">of capital, obviously taking the category without question from Say. At this point I may mention a third 7ea99ed1b6714702bd5343b786c98bee writer who rose BCRFVUH into prominence </p>
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<p>later—writing long after Hermann—but never got beyond WXJYYFTVA Say's standpoint; Carl Marlo, in his System der Weltökonomie.11 In striking contrast with the imposing plan of this work, and the supreme
importance which, from its very nature, the interest problem should have had EPIC in it, is the extremely slight treatment 7ea99ed1b6714702bd5343b786c98bee which the problem actually
received. One may search these bulky volumes in vain for any connected and thorough 7ea99ed1b6714702bd5343b786c98bee inquiry into the origin of interest; indeed MMTJO for any real interest
theory at all. If it were not that Marlo in the course of his polemic QHBY against his opponents—particularly against the doctrine that labour is the
sole source of value12 —had to some SNAWIHV extent marked out his standpoint, what he said positively on the question of interest would not 7ea99ed1b6714702bd5343b786c98bee be DOUDBT enough to
indicate, in<u>the very slightest degree, what his opinions were,—to say nothing of introducing the uninitiated</u>to the nature of the problem. DGQ </p>
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<p align="left">[none] Marlo's views are a mixture 7ea99ed1b6714702bd5343b786c98bee of Use and 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee Productivity theories taken from Say. He recognises, with special emphasis on the necessity of their working
together,13 two sources of wealth—natural power and labour power—and from this comes 7ea99ed1b6714702bd5343b786c98bee his conception of capital as "perfected natural power."14
Corresponding to the two sources of wealth are two kinds of income—interest and wages. "Interest YIUOQ is the compensation for the productive or consumptive
use of parent-wealth." "If we apply forms of wealth as instruments of work, they contribute to production, and so render us a service. If we apply them YDFUMTLVV
to purposes of consumption we not only consume the wealth 7ea99ed1b6714702bd5343b786c98bee itself, but also the service which MQLMPTW it might have rendered if productively 7ea99ed1b6714702bd5343b786c98bee employed. If we .</p>
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