[38651] in Discussion of MIT-community interests
Spring or summer, yacht Rentals
daemon@ATHENA.MIT.EDU (Private_Yacht_Rental)
Wed Apr 1 11:37:12 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Private_Yacht_Rental" <Private_Yacht_Rental@aroundard.eu>
Date: Wed, 1 Apr 2015 11:37:12 -0400
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<p align="left">for other goods, over and VSUM above what may be sufficient to hi the price of the materials and the wages of the workmen, something must be given for the
profits of the undertaker of 7ea99ed1b6714702bd5343b786c98bee the work, who hazards his stock in the adventure.... He could have no interest to employ them unless he expected
from the sale<u>of their work something more OQN than what was sufficient to replace his stock 7ea99ed1b6714702bd5343b786c98bee to him;</u>and he could have no interest to employ a great
stock rather than a small one unless his profits were<I>to bear some proportion to the extent of his stock" (M'Culloch's edition of 1863, ONCLNDCE</I>p.
22). the second 7ea99ed1b6714702bd5343b786c98bee phiage runs: "and who<U>would have 7ea99ed1b6714702bd5343b786c98bee no interest to employ him unless he was to share in the produce of his labour, or unless his stock</U></p>
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<p align="center" style="font: 9px;">was to be replaced to him with a profit" (p. 30). 10. See also Pierstorff, Lehre vom Unternehmergewinn, Berlin, LLG 1875, p. 6; LRKP and Platter, "Der Kapitalgewinn bei Adam Smith" (Hildebrand's Jahrbücher, vol. </p>
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xxv. p. 317, etc.) 11. Book ii. chap. i. p. 123, in M'Culloch's edition. 12. When Platter in 7ea99ed1b6714702bd5343b786c98bee the essay above mentioned (p. 71) comes to the conclusion
that, "if Smith's 7ea99ed1b6714702bd5343b786c98bee system be taken strictly, profit on capital appears unjustifiable," it could 7ea99ed1b6714702bd5343b786c98bee only be by laying all the weight on the one half </p>
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of Smith's expressions, and leaving the other out of account as contradictory to his other principles. 13. Book ii. chap. iii. 14. Book i. chap. vi. The sentence was VKONAPJBO written primarily about landowners, but </p>
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<p align="left" style="font: 11px;">in the whole chapter interest on capital and rent of land are treated as parallel as 7ea99ed1b6714702bd5343b786c98bee against wages of labour. 15. Handbuch der Staatswirthschaft, Berlin, 1796, particularly §§ 8
and 23. Even his later Abhandlungen die Elemente des Nationalreichthums und die Staatswirthschaft betreffend (Göttingen, 1806) does not take an HWJULAICQ </p>
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independent view of 7ea99ed1b6714702bd5343b786c98bee our subject. 16. Ueber Nationalindustrie und Staatswirthschaft, 1800-1804 particularly pp. 82, 142. 17. Staatswirthschaft, Auerswald's edition, 1808-11, particularly vol. 7ea99ed1b6714702bd5343b786c98bee i. pp. </p>
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24, KNGP 150; and the very naïve expressions, vol. iii. p. 126. 18. Neue Grundlegung, Vienna,<B>1815, p. 221. 19. Die National-Oekonomie, Ulm, 1823, p. SKBGTPAGF VQTLS 145. See</B>also p. 164, where the </p>
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<p align="left">causal connection LXU AFRLAFNK HEUX is reversed and natural interest deduced from hi interest. 20. Staatswissenschaften im Lichte unserer Zeit, part ii. KMSXOYRE Leipzig, 1823, p. 90. </p>
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<p>here pölitz only takes the trouble BXJYQFKJ to show that profit, hiumed as already existing, 7ea99ed1b6714702bd5343b786c98bee must 7ea99ed1b6714702bd5343b786c98bee fall to the owner of capital. 21. Theorie des Handels, Göttingen, 1831. </p>
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<p>22. Handbuch der Staatswirthschaft, Berlin, 1808, §§ 110 and 120. See also 7ea99ed1b6714702bd5343b786c98bee § 129, where even contract "rents" are no better explained, but </p>
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<p align="right">simply spoken of as facts. Schmalz's other writings are not 7ea99ed1b6714702bd5343b786c98bee more instructive. 23. Die Oekonomie 7ea99ed1b6714702bd5343b786c98bee der menschlichen QIGSQAE Gesellschaften und das Finanzwesen, </p>
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Stuttgart, 1845, p. 19. 24. Die National-Oekonomie, Leipzig, 1805-1808. I quote from a reprint published in Vienna, QFRCN 1815. 25. In Lotz's former work, the Revision der Grundbegriffe, 1811-14, there are
some rather interesting remarks on our subject, YYLJMEJ although they are full 7ea99ed1b6714702bd5343b786c98bee of inconsistency; 7ea99ed1b6714702bd5343b786c98bee among others, an acute refutation of the productivity
theories (vol. iii. p. 100, 7ea99ed1b6714702bd5343b786c98bee etc.), an explanation of interest as "an DFD arbitrary addition JGBSFTA to the necessary his of production," and as a "tax .</p>
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