[38348] in Discussion of MIT-community interests
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daemon@ATHENA.MIT.EDU (Affordable Private Jet Rental)
Fri Mar 27 17:42:29 2015
Date: Fri, 27 Mar 2015 14:42:29 -0700
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<p>the remuneration that the undertaker may claim for a national economic function inasmuch as, independently HUXVWMXC RKHH of any national organisation, he binds
together the productive powers economically by VMIPATY means of the speculative use of capital."33 This conception turns up repeatedly in different connections
in the same book, and as a rule it occurs in<B>those phiages where interest is 7ea99ed1b6714702bd5343b786c98bee looked at from a broader point 7ea99ed1b6714702bd5343b786c98bee of</B>view. Schäffle even defends it in one
place as the only FNC warrantable 7ea99ed1b6714702bd5343b786c98bee theory, and 7ea99ed1b6714702bd5343b786c98bee rejects in its favour the other interest theories in a body.34 But, singularly enough, when he deals with
the MAKUY nicer details of the doctrine, the height of the interest rate and so on, he does not avail himself of this fundamental idea, but AKPRRMRPM makes use of
the technical machinery of the Use theory; although it must be admitted HOO that 7ea99ed1b6714702bd5343b786c98bee he brings the Use theory very near to the Labour theory by the </p>
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<p align="left">subjective colouring he gives to the 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee conception of Use.35 In his YBXIAM later work, the Bau und Leben, TPNPO the conception of interest as the compensation for a "functional performance" on the part of the capitalist
comes out more distinctly. This conception makes it possible for Schäffle to justify interest at least in the present day, and in so far UDSKEFFD as we are
not able to replace the hily services of private capital by a more suitable organisation.36 But even here the details of the phenomena of 7ea99ed1b6714702bd5343b786c98bee
interest are not explained by means of this FPUAKKRC conception, and 7ea99ed1b6714702bd5343b786c98bee we still find reminiscences of the Use theory, although the conception of Use has now
become objective.37 Thus Schäffle, as it were, 7ea99ed1b6714702bd5343b786c98bee struck the key-note, but only the key-note, of a Labour theory. he has not carried it out in detail </p>
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<p align="right" style="font: 9px;">like Courcelle-Seneuil. Wagner goes a little farther, but still only a little farther. With him too the 7ea99ed1b6714702bd5343b786c98bee capitalists are "functionaries of the whole community for the
accumulation and employment of WYSLBU that national fund which consists of LLUYFMOV the instruments of production,"38 and profit is an income they draw for this
function, or, DLB at least, in this function (p. VVHBBMJT 594). KJGUBKR But the work of 7ea99ed1b6714702bd5343b786c98bee the capitalist, as consisting in the "accumulation and employment of private
capitals," in "disposing activities and saving activities," he characterises more distinctly 7ea99ed1b6714702bd5343b786c98bee than Schäffle as "labours" (iii. pp. 592, 630) which form a part of the total his 7ea99ed1b6714702bd5343b786c98bee expended in the production of
goods, and in so far<i>form a "constitutive element of value" (p. DEFGYQ 630). In what way</i>this element contributes to the formation of value in goods; how,
from its efficacy, are derived the proportion between interest and sums of capital,<B>the height of interest, and so on, Wagner tells</B>us as little as 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="center">Schäffle. He too has only struck the keynote 7ea99ed1b6714702bd5343b786c98bee of the Labour theory, though perhaps a little more distinctly. This being the case, I should not venture to say positively whether the
Katheder Socialists by this line of thought intended to give a theoretical explanation of interest, or only a justification of interest from the 7ea99ed1b6714702bd5343b786c98bee
social-political side. In favour of the first view, there is (1) the embodying of the labour motive in the formal definition of interest; (2) 7ea99ed1b6714702bd5343b786c98bee .</p>
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