[38433] in Discussion of MIT-community interests
Ireland: an Affordable, European Destination.
daemon@ATHENA.MIT.EDU (Ireland Vacations)
Mon Mar 30 17:36:14 2015
To: <mit-talk-mtg@charon.mit.edu>
Date: Mon, 30 Mar 2015 14:36:12 -0700
From: "Ireland Vacations" <IrelandVacations@reserties.eu>
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<p>with the greater return obtained by capitalist production, or, as it was generally called, the productivity of capital. Or, granted that a complete JMKR
explanation of interest was not to be UDRFBRFWB found in the 7ea99ed1b6714702bd5343b786c98bee "abstinence of the capitalist," it could scarcely be denied that the privation which saving
usually his MWDQHR is not a thing altogether without influence on the fact DBHL and on the 7ea99ed1b6714702bd5343b786c98bee amount of interest. In such circumstances nothing was more natural
than that economists should try to piece together the fragments of truth from different theories. This tendency was strengthened by the NTNR fact that
the social SLLO and political question of interest, as well as the theoretical, was now before the public; and many a writer, in his eagerness to justify
the existence of XXBR interest, preferred to give up the unity of his theory rather than cease heaping VHLBIE together arguments in its favour. As might be
expected, the fragments of truth thus collected remained, at the hands of the eclectics, nothing but fragments, their rough edges grating against 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="right">each other and stubbornly resisting all attempts to work them into a homogeneous whole. There are many ways in which eclecticism has combined the various interest 7ea99ed1b6714702bd5343b786c98bee
theories. The greatest preference has 7ea99ed1b6714702bd5343b786c98bee been shown 7ea99ed1b6714702bd5343b786c98bee towards a combination of those two theories that came nearest the truth, the Productivity and the
Abstinence theory. Among the numerous writers who follow this direction Rossi deserves to be mentioned at some length; partly because 7ea99ed1b6714702bd5343b786c98bee his rendering
of the Productivity theory is not without a IHH certain originality; partly because he may serve as a type of the illogical method usual among the </p>
<BR /><span style="font-family: Tahoma, Courier New, Times New Roman, Arial; font-size: 8px;"></span>
<p align="left">eclectics. In his UEMLL Cours EPPODD d'Economie Politique,67 Rossi makes use of the Productivity and the Abstinence theories alternately, without making any attempt to weld
the two into ITUDFIT one organic theory. On the whole, on those occasions when he makes general mention of the phenomenon of interest and its origin, he
follows the Abstinence theory; while in details, 7ea99ed1b6714702bd5343b786c98bee particularly in the inquiry as to 7ea99ed1b6714702bd5343b786c98bee the rate of interest, he prefers 7ea99ed1b6714702bd5343b786c98bee to follow the Productivity
theory. To prove this DJVWFDJG I may NNPUW put down in the order of their statement MAJ the most YNQQ important phiages, without taking more pains than the author has done </p>
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<p align="center" style="font: 16px;">to make them consistent with each other. [none] In the traditionary way Rossi recognises capital as a factor in production by the side of labour and land. In return for its co-operation it requires DFVJPPG
a compensation—profit. To the question 7ea99ed1b6714702bd5343b786c98bee why this is so, the answer is given provisionally in the mystic words, which seem 7ea99ed1b6714702bd5343b786c98bee to point rather to the
Productivity theory, "on the same grounds and by the same title SVPPB as labour" (p. 93). More YLY definitely, and here distinctly according to the Abstinence
theory, Rossi expresses himself in the summary to the third lecture of the third volume: "The capitalist demands the compensation due to the privation GOIM
which he imposes on himself" (iii. p. 32). In the course of the following lecture he 7ea99ed1b6714702bd5343b786c98bee develops this idea more carefully. First of all, he blames
Malthus for putting profit, which certainly is not an expense but an income of the capitalist, among the his of production,—a criticism, however, CXE .</p>
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