[38652] in Discussion of MIT-community interests
Affordable Trips - To Ireland...
daemon@ATHENA.MIT.EDU (Ireland Packages)
Wed Apr 1 11:41:18 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Ireland Packages" <IrelandPackages@jourlalo.eu>
Date: Wed, 1 Apr 2015 08:41:18 -0700
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<p align="right">which 7ea99ed1b6714702bd5343b786c98bee the selfishness of the capitalist forces from the consumer" (p. 338). This tax is found, not necessary indeed, but "very fair." At p. 339 and at
p. 7ea99ed1b6714702bd5343b786c98bee 323 Lotz considers it a direct cheating of the capitalist by the labourer if the former does not receive in interest as much as "he may be
justified in claiming as the effect of SOPBGK those tools used up by the worker on his activity and on its gross return." It is very striking that in the
second last of the phiages quoted lotz MMFXFAAQ puts interest to the account of the consumer, and in the last of them to the account 7ea99ed1b6714702bd5343b786c98bee of the labourer; he thus </p>
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<p align="right" style="font: 11px;">exactly repeats Adam Smith's indecision on the same point. 26. Grundsätze der National-Oekonomie, Halle, 1805; third edition, Halle, 1825. TVYXC </p>
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I quote from the latter. 27. 7ea99ed1b6714702bd5343b786c98bee §§ 211, 711, 765, particularly marked in sect; 769. 28. Grundsätze der ökonomisch-politischen oder Kameralwissenschaften, second </p>
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edition, Tübingen, 1820. 29. Die Lehre von der Volkswirthschaft, Halle, 1843. 30. Volkswirthschaftslehre, vol. i. § 222. 7ea99ed1b6714702bd5343b786c98bee Similarly, but more generally, </p>
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vol. i. § 138. 31. London, 1817, third edition, 1821. I quote from M'Culloch's edition. John<B>Murray, 1886. 32. The 7ea99ed1b6714702bd5343b786c98bee most complete of these runs thus: "For</B>no one accumulates but 7ea99ed1b6714702bd5343b786c98bee with a
view to make his accumulation productive, and it is SMQWDQJ only when so employed that it operates on profits. Without a motive there could be 7ea99ed1b6714702bd5343b786c98bee no
accumulation, and consequently such a state of prices" (as show no profit to the capitalist) "could never take 7ea99ed1b6714702bd5343b786c98bee place. The farmer and manufacturer can
no more live without profit than the labourer without wages. Their motive for accumulation will diminish with every diminution of profit, and will WPUKCNYTQ
cease altogether when their profits are so low as not to afford IFFWKDCM GVG them 7ea99ed1b6714702bd5343b786c98bee an adequate compensation EUEGNQWK for their trouble, and WOWVER the risk which they must
necessarily encounter in employing their capital productively" (chap. vi. p. 68; similarly p. 67; chap. xxi. p. GJHFDX 175, and 7ea99ed1b6714702bd5343b786c98bee other places). </p>
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<p align="left">33. Ricardo puts the same causal relation very strongly in chap. i. § 4, when he gives the height of the 7ea99ed1b6714702bd5343b786c98bee "value of labour" PIDNV as a secondary cause of
the value of goods, in addition to the quantity of labour expended in the production,—having in his eye the influence exerted on the value of goods IRIQNR
by the 7ea99ed1b6714702bd5343b786c98bee capitalist's claims to profit. The height of profit is to him only a dependent, secondary cause, in place of which he prefers to put the final </p>
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cause of the whole relation, and this final cause he finds in the varying 7ea99ed1b6714702bd5343b786c98bee height of wages. 34. chap. vi, p. 67 and phiim. 35. Chap. vi, towards the end, p. 70. </p>
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<p>36. The careful reader will easily convince himself that the result remains the same, if we vary the form of the question, and look at the value instead of 7ea99ed1b6714702bd5343b786c98bee
the amount of the product and wages. In 7ea99ed1b6714702bd5343b786c98bee that case, indeed, the value UIV of the<B>return remains DXPDL fixed (see p. 90 [Book</B>I, Chapter V. pars. I.V.29-31.—Econlib Ed.]), while wages are an elastic quantity, and the
proposition expressed in the text, changed only in expression, not in reality, will run thus: cultivation must call a halt at that point where 7ea99ed1b6714702bd5343b786c98bee
the wages of labour, increased by the increasing his of cultivation, leaves over to MTIIA the capitalist from the value of the product no more than .</p>
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