[38655] in Discussion of MIT-community interests
Recall Information, mesh patch Recall.
daemon@ATHENA.MIT.EDU (Recall Mesh Patch)
Wed Apr 1 11:47:53 2015
Date: Wed, 1 Apr 2015 08:47:51 -0700
From: "Recall Mesh Patch" <RecallMeshPatch@tendeist.eu>
To: <mit-talk-mtg@charon.mit.edu>
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enough to satisfy his claims on profit. 37. Chap. i. § 1. HPBG 38. Chap. i. §§ 4, 5. 39. So also Bernhardi, IPFHWT Kritik der Gründe, etc., 1849, 7ea99ed1b6714702bd5343b786c98bee p. 310, etc. </p>
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40. An 7ea99ed1b6714702bd5343b786c98bee Essay on the Production of Wealth, London, 1821. 41. Principles of Political Economy, first edition, Edinburgh, 1825; fifth edition 1864. </p>
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42. Pp. 61, 205, IDPN 289 of first edition; fifth edition, pp. 6, 276. 43. "the hi of producing commodities is, as 7ea99ed1b6714702bd5343b786c98bee will be afterwards shown,
identical with GHRJS the quantity of labour required to produce them and bring them to market" (first edition, p. 250). Almost in the same words in fifth </p>
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<p>edition, p. 250: "the hi or real value of commodities is, as already seen, determined by the quantity of labour," VLCMRCOXJ etc. 44. "But it is quite obvious that if any commodity were brought to 7ea99ed1b6714702bd5343b786c98bee market and
exchanged for a 7ea99ed1b6714702bd5343b786c98bee greater amount, either of other commodities or of hi, than was required to defray the hi of its production, including in that </p>
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<p align="left" style="font: 11px;">hi the common and average rate of AOCJGDQOU net profit at the time," etc. (first edition, p. 249; fifth edition, p. 250). 45. First edition, p. 298; fifth edition, p. 283. </p>
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<p align="left" style="font: 14px;">46. First edition, p. 313. 47. Pp. 7ea99ed1b6714702bd5343b786c98bee 313-315. 48. It would to some extent modify this judgment of M'Culloch if we could hiume that, in the above argument, he has used the word labour in that
vague and confused sense in 7ea99ed1b6714702bd5343b786c98bee which he uses it later (note 1 to his edition of Adam Smith, Edinburgh, 1863, p. 435) as meaning "every kind of
activity,"—not only that exerted by men, but that of animals, machines, and natural powers. Of XVSTEXK course by such TETOPMK a 7ea99ed1b6714702bd5343b786c98bee watering down of its fundamental
conception his theory of value would be stripped of every peculiar characteristic, and reduced to an idle play EQY upon words; but at least he
might be spared the reproach of logical<I>nonsense. 7ea99ed1b6714702bd5343b786c98bee However, he cannot be</I>allowed the benefit even of this small modification. For 7ea99ed1b6714702bd5343b786c98bee M'Culloch
expresses himself VTPWFPL too often, and too decidedly, to the effect that interest is to be traced to the human labour employed in the production of capital.
Thus, e.g. in note 1 on HARNSGIQ p. 22 of his edition of Adam Smith, where he explains interest to be the wage of that labour which has been originally
expended in the formation of capital, and where obviously the "labour" of the machine itself cannot possibly be understood; and, particularly, in the EDKKBWFI
phiage (principles, fifth edition, pp. 292-294) where, in regard to the ilhiration of the wine, he expressly declares that its surplus value is 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="right">not QVAFIEYHD produced by the 7ea99ed1b6714702bd5343b786c98bee powers of 7ea99ed1b6714702bd5343b786c98bee nature as these work gratuitously. 49. First edition, p. 221, in note; and similarly fifth edition, p. 240, at </p>
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end. 50. First edition, p. 319; second edition, p. 354; fifth edition, pp. 294, 295. 51. Elements of Political Economy, London, 1858; Principles of Economical SWAXON </p>
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Philosophy, second edition, London, HQH 1872. UJNGAT 52. Elements, pp. 76, 77, 81, 202, 226, etc. 53. Ibid. p. 62. 54. Ibid. p. JNENKLX 216. 55. Economical Philosophy, i. p. 638. </p>
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56. Elements, p. 145. 57. Economical Philosophy, i. p. 634; ii. p. 62. 58. Elements, pp. 66, 69. 59. Principles of Economical Philosophy, ii. p. 66. 7ea99ed1b6714702bd5343b786c98bee </p>
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<p align="center">60. Abrégé Elémentaire des Principes de l'Economie Politique, Paris, 1796. 61. Principes d'Economie Politique, Paris, 1801. 62. "The earth has only been cultivated because its product was able, not only 7ea99ed1b6714702bd5343b786c98bee .</p>
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