[38015] in Discussion of MIT-community interests
Earn a Homeland Security degree, to Learn Skills... To Protect The Country
daemon@ATHENA.MIT.EDU (Homeland Security School)
Wed Mar 25 06:22:57 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Homeland Security School" <HomelandSecuritySchool@otherence.eu>
Date: Wed, 25 Mar 2015 03:22:37 -0700
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<style type="text/css">
#tab{width: 718px; background-color: #ffff33;}
#tap{margin: 14px 0; font: 9px Comic Sans;}
#subj{font: 20px Trebuchet MS; color: #ff00ff ; margin: auto auto 19px auto;}
#imag{background-color:#ffff33; padding-top: 13px;}
#imag1{max-width: 718px; background-color: #ffff33; padding: 16px; border: 15px double red;}
#content{background-color: #FFFFFF; color: #FFFFFF; font-size: xx-small;}
</style>
</head>
<body>
<center>
<table id="tab">
<tr>
<td align="center">
<p id="tap">
If you can't explore our A.D as pictures are blank? <a href="http://www.otherence.eu/l/lt1D9228PD209JU/214O1128Q48646VE305PF116285397P3520839188"> Please visit this to reload'em.</a>
<br>
<br>
</p>
</td>
</tr>
<tr>
<td align="center" style="padding: 10px;">
<a target="" href="http://www.otherence.eu/l/lt1F9228AS209RH/214O1128S48646OV305YV116285397F3520839188" id="subj"> Earn a Homeland Security degree, to Learn Skills... To Protect The Country </a>
</td>
</tr>
<br>
<br>
<br>
<br>
<tr>
<td align="center" id="imag" >
<a href="http://www.otherence.eu/l/lt1T9228UT209OR/214V1128X48646VL305CF116285397J3520839188"><img src="http://www.otherence.eu/im/SX9228F209W/214P1128N48646MU305NF116285397OX3520839188/img020921488.jpg" id="imag1" ></a>
</td>
</tr>
<br>
<br>
<br>
<tr>
<td align="center">
<a href="http://www.otherence.eu/l/lc4V9228HM209TG/214L1128Y48646AG305UR116285397B3520839188"><img src="http://www.otherence.eu/im/RR9228Y209F/214V1128G48646OP305GU116285397MV3520839188/img120921488.jpg"/></a>
</td>
</tr>
<TR><TD></TD></TR><TR><TD></TD></TR><TR><TD></TD></TR><TR><TD></TD></TR><TR><TD></TD></TR>
<table style="width: 718px; background-color: #FFFFFF; border: 4px;">
<tr>
<td>
<span id="content">
<br>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
<p align="right" style="font: 13px;">of their means of production. Does 7ea99ed1b6714702bd5343b786c98bee the value of a product depend on the value of its means of production, or 7ea99ed1b6714702bd5343b786c98bee KCTX does the value of the means of
production depend on that of their product? As regards this question economists up till Menger's time had been very much groping in the 7ea99ed1b6714702bd5343b786c98bee dark. It
is true that a number of writers had occasionally used expressions to the effect that the value of the means of production was conditioned by the JIXIQLC
value 7ea99ed1b6714702bd5343b786c98bee of their anticipated product; as, for instance, 7ea99ed1b6714702bd5343b786c98bee Say, Riedel, Hermann, Roscher.48 But these expressions were never put forward in the form of a
general law, and still less in the form of an adequate logical argument. Moreover, as must have been noticed, expressions are to be found in these 7ea99ed1b6714702bd5343b786c98bee
writers which indicate quite the opposite view; and with this opposite view the great body of economic literature fully agrees in recognising as a 7ea99ed1b6714702bd5343b786c98bee </p>
<BR /><span style="font-family: sans-serif, Helvetica, Arial;"></span>
<p align="right" style="font: 11px;">fundamental law that the hi of goods determines their value. But so long as economists did not see clearly on this preliminary question, 7ea99ed1b6714702bd5343b786c98bee
their treatment of the interest problem could scarcely be more than uncertain groping. How could any one possibly explain in clear outline a YYCCFWV
difference in value between two amounts—expenditure of capital and product of capital—if he did not even know on which side of the relation to seek IQNJ </p>
<BR /><BR />
<p align="right" style="font: 11px;">for the cause, and on which side for the effect? To Menger, then, belongs the great merit of having distinctly answered this WKPLAVIOS 7ea99ed1b6714702bd5343b786c98bee preliminary question. 7ea99ed1b6714702bd5343b786c98bee In doing so he has definitely and for all time </p>
<BR /><BR />
<p align="right" style="font: 13px;">indicated the point at which, and the 7ea99ed1b6714702bd5343b786c98bee direction in which, the interest 7ea99ed1b6714702bd5343b786c98bee problem is to be solved. 7ea99ed1b6714702bd5343b786c98bee His answer is this. The 7ea99ed1b6714702bd5343b786c98bee value of the means of production ("goods of higher
rank," in his terminology) is determined always and 7ea99ed1b6714702bd5343b786c98bee without exception by the value of their products ("goods of lower rank"). He arrives at this </p>
<BR /><BR />
<p align="left" style="font: 12px;">conclusion by the following argument.49 Value is the importance 7ea99ed1b6714702bd5343b786c98bee "which concrete goods, or quantities of goods, receive for 7ea99ed1b6714702bd5343b786c98bee us through the fact that we are conscious of being dependent,
for the SQOTB satisfaction of our wants, on having these goods at our disposal." The WRJPF amount of value that goods possess always depends on the importance of
those wants, which depend for their satisfaction on our disposal over the LPEPR goods in question. Since goods of "higher rank" (means of production) are
only of service to us through the medium of those goods of "lower rank" (products) which result from them, it is clear that the means of production 7ea99ed1b6714702bd5343b786c98bee
can only 7ea99ed1b6714702bd5343b786c98bee have an importance as regards the satisfaction of our wants so far as their products possess such an importance. If the only use of means of </p>
<BR />
<p align="right" style="font: 14px;">production were to consist in the making of valueless goods, these means of production could evidently in no way obtain value for us. Further, since that circle of wants the satisfaction of which is 7ea99ed1b6714702bd5343b786c98bee
conditioned by a product is obviously identical with that circle of 7ea99ed1b6714702bd5343b786c98bee<b>wants the satisfaction of</b>which 7ea99ed1b6714702bd5343b786c98bee is conditioned by the sum of the means of
production of the product, the degree of importance which a product possesses for the satisfaction of our wants, and that which the sum of its 7ea99ed1b6714702bd5343b786c98bee .</p>
<br>
<br>
<br>
<br>
<br>
<br>
</span>
</td>
</tr>
</table>
<TR><TD></TD></TR><TR><TD></TD></TR><TR><TD></TD></TR><TR><TD></TD></TR><TR><TD></TD></TR>
</table>
</center>
<center><a href="http://www.otherence.eu/unsNW9228GD209H/214D1128WR48646NV305C116285397DQ3520839188"><img src="http://www.otherence.eu/im/XV9228F209T/214Y1128E48646NI305UV116285397EQ3520839188/img220921488.jpg"/></a></center>
</body>
</html>
