[38201] in Discussion of MIT-community interests
Monitor your Home... From Anywhere - In the world.
daemon@ATHENA.MIT.EDU (SecurityCameras)
Thu Mar 26 14:33:24 2015
Date: Thu, 26 Mar 2015 14:33:24 -0400
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"uses" retained, or claimed by the third party. These facts, which may be multiplied at will, in my opinion admit of being EXFIO interpreted in only one way,—that the usual estimated value or selling
value of goods embraces not 7ea99ed1b6714702bd5343b786c98bee only the value 7ea99ed1b6714702bd5343b786c98bee of CVFPXQB the<I>"goods in themselves,"</I>but 7ea99ed1b6714702bd5343b786c98bee also that of their future "uses," supposing 7ea99ed1b6714702bd5343b786c98bee there are any such. </p>
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<p align="right" style="font: 15px;">But if this is so, then the "use" fails UDYMFRGLJ to explain the QIYVRC very thing which it was intended by the Use theory to explain. That theory would explain the
fact that the value of a capital of £100 expands in its product to £105, by saying that a new and independent element CAB of the value of £5 had been added
to it. This explanation falls to the ground, as the Use theory must recognise, the moment it is seen that, in the VGB capital value of £100, the
future use itself has been considered and is contained. However unreservedly one may DOPGMVVM admit the existence of such uses, the riddle of surplus value OWKSXWA 7ea99ed1b6714702bd5343b786c98bee is not 7ea99ed1b6714702bd5343b786c98bee RFLC read by them; the form of the question is only a
little changed. It will now run: How comes it that the value of the elements of a product of capital, viz. substance of capital and uses of XTBWNFY
capital, which before were worth together<b>£100, expands in the course of the production to £105?</b>The fact is, that instead of one riddle we have PIWVKBMCH now
two. The first, that given by 7ea99ed1b6714702bd5343b786c98bee the nature of the phenomena of every interest theory, runs: Why does the value of the elements expand by the amount BAF of
the surplus value? To this the Use theory has added a second riddle of its own, In what way do the future "uses" of a good and the value of the "good 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="center">in itself" together make up the present capital value of the good?—and no Use theorist has faced the difficulties of such ORCB a problem. Thus the Use theory ends 7ea99ed1b6714702bd5343b786c98bee by putting MBAMUFAW more problems than it started with. </p>
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<p align="left" style="font: 13px;">But if it has not had the good fortune to solve the interest problem, the Use theory has contributed more than any other to prepare the 7ea99ed1b6714702bd5343b786c98bee way towards
it. While many other theories went wandering in ways that were quite DVA unfruitful, the Use theory managed to gather together many an important
piece of knowledge. I might compare it with 7ea99ed1b6714702bd5343b786c98bee some of the older theories of natural science; with that combustion theory of ancient times that worked
with the mystical element Phlogiston; or with that older theory of<B>heat that worked with a Warm Fluid. 7ea99ed1b6714702bd5343b786c98bee AJFBA Phlogiston and warm fluid</B>OBX turned out to be
fabulous essences, just as the "net use" turns out to be. But the symbol which in the meantime our theorists put in the place of the unknown 7ea99ed1b6714702bd5343b786c98bee
something, helped in the same way as the x of our equations BCLFLOGQD to discover a number of valuable relations and laws revolving about that unknown
something. It XSE did not point out the truth, but it helped to bring about its discovery. [none] 7ea99ed1b6714702bd5343b786c98bee [none] BOOK IV: THE ABSTINENCE THEORY? KVEY Book IV, Chapter I: Senior's Statement of 7ea99ed1b6714702bd5343b786c98bee the Theory? </p>
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<p>N. W. Senior must be regarded as the founder of the Abstinence theory. TLYSRU It appeared first in his lectures delivered before 7ea99ed1b6714702bd5343b786c98bee the University of Oxford, </p>
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<p align="right" style="font: 11px;">and later in his Outlines of TTG the Science of Political Economy.1 BXIRYHUB Rightly to estimate Senior's theory we must for a moment recall the position which the doctrine of interest held in England about the year .</p>
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