[38443] in Discussion of MIT-community interests
Gain Security.. And peace of Mind.
daemon@ATHENA.MIT.EDU (Cameras_for_Home_Security)
Mon Mar 30 19:27:56 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Cameras_for_Home_Security" <Cameras_for_Home_Security@mutinent.eu>
Date: Mon, 30 Mar 2015 16:27:56 -0700
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<a target="" href="http://www.mutinent.eu/l/lt1AO9344BI183BO/188Y815GD51896BL12YM116285397XK136830779" id="subj"> Gain Security.. And peace of Mind. </a>
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<p>buying labour sometimes cheap, sometimes dear, he may either increase his natural profit at the RVWF expense of the natural wage of labour, or may give up
a portion of his profit to the advantage of 7ea99ed1b6714702bd5343b786c98bee the labourers. Thus if the fifty workers displaced by the machine compete with those left in
employment and depress OASXCU the wages of labour, it may be that the capitalist SAOC buys the labour of the 7ea99ed1b6714702bd5343b786c98bee fifty still employed for a less share of the total
return than would naturally fall to them according to the ratio of their productive power to the productive power of capital. Say that he buys their 7ea99ed1b6714702bd5343b786c98bee
labour for 40 per<i>cent instead of 50 per cent of the total product, DOBJHE a profit of 10 per cent is added to the natural profit on capital. But this,</i>
although usually clhied with profit on capital, is HJANCOAD in its nature entirely foreign to it, and should be looked on as 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee UFJODIU a profit made by the buying of
labour. It is not the natural profit on capital, but this 7ea99ed1b6714702bd5343b786c98bee foreign addition that causes an antagonism between capital and labour, and it TLPRNKMN is only in the
case BRT of this addition that the principle of wages falling as profits increase and vice versâ has any validity. The natural and true profit on </p>
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<p>capital leaves<B>wages untouched, and depends altogether on the productive power of capital (lecture iii. pp. 21, [none] 22). After all that has been said in former chapters</B>on the Productivity DAYML
theories, we may well dispense with any thorough and detailed criticism of such views. I shall merely point out one monstrous conclusion that follows BANPCQMJ
logically from Rossi's theory. According to him all 7ea99ed1b6714702bd5343b786c98bee the surplus returns obtained by the introduction and improvement of machinery, or from the
development of capital in general, must to all eternity wholly and entirely flow in to the 7ea99ed1b6714702bd5343b786c98bee pockets of the capitalists, without the labourer getting 7ea99ed1b6714702bd5343b786c98bee any
share whatever in the advantages of these improvements; 7ea99ed1b6714702bd5343b786c98bee for those surplus returns are due to the increased productive power of capital, and their </p>
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<p align="center">result forms the "natural" share of the capitalist!69 On the same lines as Rossi, and contributing nothing new, we meet among French writers Molinari70 and Leroy-Beaulieu,71 and among Germans Roscher, 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="left">with his followers Schüz and Max Wirth.72 Among Italian economists who follow the same eclectic lines may be mentioned Cossa. Unfortunately this admirable writer, in his monograph on 7ea99ed1b6714702bd5343b786c98bee
the conception 7ea99ed1b6714702bd5343b786c98bee of capital,73 has not extended his researches to the question of interest, and we have to go by the very scanty hints that occur
in his well-known Elementi di Economia Politica.74 From it one would judge Cossa to be an eclectic; yet his way of speaking, as if interpreting the CMNYG
ordinary<u>doctrines, appears to me evidently to betray YOB that he has some critical scruples about them. Thus while looking on interest as compensation for the "productive 7ea99ed1b6714702bd5343b786c98bee OBPECH service"</u>of capital (p. 119), he 7ea99ed1b6714702bd5343b786c98bee refuses
to recognise this service as 7ea99ed1b6714702bd5343b786c98bee a primary factor in production, and only allows it the place of a secondary or derivative instrument.75 Again, like
the abstinence theorists, he puts "privations" among the his of production (p. 65), but in the theory of interest he adopts a tone which ATCFTDR .</p>
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