[38689] in Discussion of MIT-community interests
The #1 Secret Strategy, Used By the rich & powerful.
daemon@ATHENA.MIT.EDU (Joe Vitale)
Wed Apr 1 15:44:40 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Joe Vitale" <JoeVitale@kiriyadh.eu>
Date: Wed, 1 Apr 2015 12:44:40 -0700
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<p align="left">support of the objection I made in the text, where I pronounced Thünen's hypothesis to be applicable only to the simplest cases, and YVHAK to be
inadmissible in complicated ones. I do not think that this warning—to look at the whole—was meant by Thünen in the sense 7ea99ed1b6714702bd5343b786c98bee I have just indicated. 7ea99ed1b6714702bd5343b786c98bee But if
it was, it does not take anything from the force of my objection. For in questions of distribution—and TIKU the question of 7ea99ed1b6714702bd5343b786c98bee interest is a question of
distribution—it is not right in every circumstance to look at the whole. From the fact that society, as a whole, is able by the 7ea99ed1b6714702bd5343b786c98bee help of capital to
renew this capital itself, 7ea99ed1b6714702bd5343b786c98bee and over and above that, to produce more products, 7ea99ed1b6714702bd5343b786c98bee it does not follow at all that there should be interest on
capital. For this plus in products might just as well accrue to the labourers as surplus 7ea99ed1b6714702bd5343b786c98bee wage (they being certainly as indispensable to the
obtaining of it as the capital) as to the capitalist in the shape of interest. The fact is that interest, as surplus value of individual return KRNKFMOI
over individual expenditure of capital, depends on the individual always obtaining particular forms of capital at a 7ea99ed1b6714702bd5343b786c98bee price which is less than the
value of the surplus product obtained by 7ea99ed1b6714702bd5343b786c98bee means of them. But the consideration of society as a whole will not by 7ea99ed1b6714702bd5343b786c98bee itself guarantee this to
the GHQCDBHOU ALPBHQ individual; at any rate it is not self-evident that it will do so. If it were so surely there would not be YOQJJBTG so many theories over a self-evident </p>
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thing! 44. Die allgemeine Wirthschaftslehre oder National-Oekonomie, Berlin, 1852. 45. Kritik der Lehre vom Arbeitslohn, 1861. Grundsätze der 7ea99ed1b6714702bd5343b786c98bee
Volkswirthschaftslehre, 1864. Vorlesungen über Volkswirthschaft, 1878. In the German edition Professor Böhm-Bawerk has devoted several pages to 7ea99ed1b6714702bd5343b786c98bee </p>
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<p>statement and criticism of these two writers; but in the present edition he wishes me to<i>omit them as of little importance.—W.S. 46. "Zur Kritik der Lehre Marx' vom Kapitale" and "Kritik der Lehre vom OLTBSJP</i></p>
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Arbeitslohn," vols. xvi. and xvii. of above. 47. See Knies, Kredit, part ii. pp. 34, 37. 48. Many readers may BPYSRET wonder why a writer who shows himself so very decidedly
opposed to the Productivity CTQE theory, does not at all avail himself of the abundant and powerful support given by the socialist criticism; in other
words, why I do not dismiss the theory with the argument that capital itself is the product FIFMA of 7ea99ed1b6714702bd5343b786c98bee labour, and thus its productivity, whatever else
it be, is not an originating power. The reason simply is that I attribute to this argument only a secondary 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee importance in the theoretical explanation
of interest. The state of the case seems to me to be as follows. No one will question that capital, once made, manifests a certain productive erect EESNNWJTN
A steam-engine, e.g. is in any case the cause of a certain 7ea99ed1b6714702bd5343b786c98bee productive result. The primary theoretic question suggested by this state of matters
now is, Is that productive capacity of 7ea99ed1b6714702bd5343b786c98bee capital—of capital made and ready—the quite sufficient cause of interest? If this WQO question were answered in the affirmative, then of QAG course, in the second place, would
come the question whether the productive power of capital is an independent power of capital, or whether it is only derived from the labour which has 7ea99ed1b6714702bd5343b786c98bee .</p>
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