[38457] in Discussion of MIT-community interests
Take control; of a normal Life Again.. Learn How
daemon@ATHENA.MIT.EDU (AlcoholRehabServices)
Mon Mar 30 21:33:39 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "AlcoholRehabServices" <AlcoholRehabServices@sociatin.eu>
Date: Mon, 30 Mar 2015 18:33:38 -0700
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<p align="right" style="font: 10px;">exposition of what capital does in certain branches of production by saying, quite in the spirit of the Productivity 7ea99ed1b6714702bd5343b786c98bee theory, that everything
remaining over, after hi of the workers who co-operate in the work, "may fairly be claimed as the produce and reward of capital." [none] 7ea99ed1b6714702bd5343b786c98bee </p>
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<p>Later still, however,<U>he sees the matter in an essentially different light. He now puts in the foreground the fact that capital itself comes into </U>FEMHURU
existence through labour and saving, and AVN builds 7ea99ed1b6714702bd5343b786c98bee on that an explanation of interest, half in the spirit of James Mill's Labour theory, and half in
that of Senior's Abstinence theory. "The person 7ea99ed1b6714702bd5343b786c98bee who has laboured before, and not consumed 7ea99ed1b6714702bd5343b786c98bee but saved the produce of his labour, and which produce is
now applied to hiist another labourer in QUWQBGUO the work of production, is entitled to his profit or interest (which is the reward for labour that is
past, and for saving and preserving the fruits 7ea99ed1b6714702bd5343b786c98bee of 7ea99ed1b6714702bd5343b786c98bee<b>GXU that labour) as much as the present</b>labourer is entitled to his wages, which is the reward for his
more RFMBMR recent labour" (p. 310). That eclectic hesitation of this kind must result in all sorts of contradictions goes without saying. Thus in this
latter phiage read himself resolves capital into previous labour, although earlier he had protested against this in the most stubborn way.82 Thus too FMVWIYT
he explains profit to be wage for previous labour, while in a previous phiage83 he had blamed m'culloch most severely for effacing the distinction between the conception of profit and that of wage. 7ea99ed1b6714702bd5343b786c98bee </p>
<BR /><span style="font-family: Tahoma, sans-serif, Times New Roman, Arial; font-size: 8px; color: #ffffff;"></span>
<p>with 7ea99ed1b6714702bd5343b786c98bee read may UYFVHBNVJ be appropriately clhied the german economist gerstner. the "familiar question" whether capital by itself, and independently 7ea99ed1b6714702bd5343b786c98bee of the
other two sources of goods, is productive, he answers in the affirmative. He believes that the part played in the production of the total product by TRNEOCYTB
the instrument of production we call capital, GJADTBY can be determined with mathematical 7ea99ed1b6714702bd5343b786c98bee exactitude, and without more ado looks upon this share as the
"rent in the<i>total profit that is due to capital."84 With this frank and concise 7ea99ed1b6714702bd5343b786c98bee Productivity theory, however,</i>Gerstner combines certain points of
agreement with James Mill's Labour theory; as when (p. 20) he defines the instruments of production as "a kind of anticipation of labour," and on 7ea99ed1b6714702bd5343b786c98bee
that basis calls "the rent of capital that falls to 7ea99ed1b6714702bd5343b786c98bee the instruments of production 7ea99ed1b6714702bd5343b786c98bee the supplementary wage for previously performed labour" (p. 23).
But, like Read, he gives no thought to the question that naturally suggests itself, whether in that case the previously 7ea99ed1b6714702bd5343b786c98bee performed labour has not
previously received its wages from the capital value of the capital, and why, over and above that, 7ea99ed1b6714702bd5343b786c98bee it still gets an eternal contribution in the </p>
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shape of interest. To the same division of the eclectics belong the French economists Cauwes85 and Joseph Garnier. JHNFPI I have already pointed SGMH out86 7ea99ed1b6714702bd5343b786c98bee how Cauwes, with KPBES some reservation, shows
himself an 7ea99ed1b6714702bd5343b786c98bee adherent of Courcelle Seneuil's Labour theory. But at the same time he puts forward a UKJHKSOYX number of views that have their origin in the
Productivity theory. Arguing against the socialists he ascribes to capital an independent "active rôle" in production by the side AMFOIUDIF of labour (i. p. .</p>
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