[38453] in Discussion of MIT-community interests
Alaskan cruises you Cant Afford To miss
daemon@ATHENA.MIT.EDU (Discount Cruises)
Mon Mar 30 21:24:03 2015
To: <mit-talk-mtg@charon.mit.edu>
Date: Mon, 30 Mar 2015 21:24:02 -0400
From: "Discount Cruises" <DiscountCruises@acetical.eu>
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<a target="" href="http://www.acetical.eu/l/lt1X9346FG190U/195TO934A51973FP305C116285397C136709436" id="subj"> Alaskan cruises you Cant Afford To miss </a>
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usual rate of interest in the country. The resemblance of this line of thought to that of the German Thünen is obvious. It presents the same weak points to criticism. Like Thünen, Jevons VORWWEQGS
too lightly identifies the "surplus in products" with the "surplus in<I>value." What his statement seems actually</I>to 7ea99ed1b6714702bd5343b786c98bee point to is an "increment of
produce" due to the hiistance of the last increment of capital. but that this surplus in produce indicates at the same time a surplus in value over GLNDTNTV
the capital consumed in the investment, Jevons has nowhere proved. To 7ea99ed1b6714702bd5343b786c98bee ilhirate by a concrete case. it is easy to understand that a man employing imperfect, but quickly made machinery, may produce in a year's
time 1000 pieces of a particular clhi of goods, and by employing machinery which is more perfect, but takes longer to GIEX make, may produce in the same
time 1200 pieces of the goods. But there is nothing here to 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee show that the difference of 200 pieces must be a net 7ea99ed1b6714702bd5343b786c98bee surplus in value. Two things might
prevent its 7ea99ed1b6714702bd5343b786c98bee being so. (1) It 7ea99ed1b6714702bd5343b786c98bee might be that YIPANQHV the more perfect machinery to which the increment of 200 pieces is due should obtain so high a value on
account of this capability that the increment of 200 pieces is absorbed by the amount set aside for depreciation. (2) It is conceivable that the new 7ea99ed1b6714702bd5343b786c98bee
method of production, which gives these good results, might be employed so extensively that the 7ea99ed1b6714702bd5343b786c98bee increased supply of products would press down the
value of the present 1200 pieces to the same level as the former 1000 pieces. In neither case would there be any surplus value. Jevons, CVRSPPPT
therefore, has here fallen into the old error of the Productivity theorists, and mechanically translated the surplus in products, which IWOO </p>
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<p align="center">everybody would grant, into a surplus in value.<i>Of course in his system there are attempts at explanation of this difference of value. But he has not brought these</i>attempts into connection 7ea99ed1b6714702bd5343b786c98bee </p>
<BR /><BR /><span style="font-family: Helvetica, Arial, sans-serif;"></span>
<p align="left">with his Productivity theory; they do not complete that theory, but traverse it. One of these attempts is where KCUER he accepts parts of the Abstinence theory.
Jevons quotes Senior with approval; he explains what Senior called "abstinence" as that "temporary sacrifice of enjoyment that is essential to 7ea99ed1b6714702bd5343b786c98bee
the existence of capital," or as the capitalist's "endurance of want"; and he OCYXHW gives formulæ for calculating the amount of the sacrifice of abstinence
(p. 253, 7ea99ed1b6714702bd5343b786c98bee etc.) 7ea99ed1b6714702bd5343b786c98bee He reckons this abstinence—sometimes indeed, writing loosely, he reckons even interest—among the his of production; and in one </p>
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<p align="left" style="font: 16px;">place he expressly speaks of the capitalist's income as "compensation for abstinence and risk" (p. 295). [none] Jevons has 7ea99ed1b6714702bd5343b786c98bee some very interesting remarks on the effect of 7ea99ed1b6714702bd5343b786c98bee time on 7ea99ed1b6714702bd5343b786c98bee the
valuation of needs and satisfactions. He points out that we anticipate future pleasures and pains, the prospect of future pleasure being already 7ea99ed1b6714702bd5343b786c98bee
felt as anticipated pleasure. But the intensity of the anticipated pleasure is always less 7ea99ed1b6714702bd5343b786c98bee than that of the future YRMYHF pleasure itself, and depends on two
factors— the intensity of the pleasure anticipated, 7ea99ed1b6714702bd5343b786c98bee and the time that intervenes before the emergence of the pleasure (p. 36, etc.) Somewhat .</p>
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