[38706] in Discussion of MIT-community interests
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daemon@ATHENA.MIT.EDU (Get Skinny Now)
Wed Apr 1 17:43:03 2015
To: <mit-talk-mtg@charon.mit.edu>
From: "Get Skinny Now" <GetSkinnyNow@marleman.eu>
Date: Wed, 1 Apr 2015 14:43:04 -0700
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vol. xxxv of the Jahrbücher für National-Oekonomie und Statistik, 1880, p. 94. 39. Zeitschrift für die gesammte Staatswissenschaft, vol. xv. p. 559. FFAKQ </p>
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<p align="left" style="font: 13px;">40. See above, p. 49. 41. CPAQSI Der Kredit, part i. p. 11. 42. Ibid. ii. p. 38. I may perhaps express the conjecture that the respected author was led to the 7ea99ed1b6714702bd5343b786c98bee above polemic by the contents of a work which I had </p>
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<p align="right" style="font: 11px;">written in his economical Seminar a few years before, and in which I had laid down the views 7ea99ed1b6714702bd5343b786c98bee contested. 43. Das Geld, Berlin, 1873. Der Kredit, part XPGONK 7ea99ed1b6714702bd5343b786c98bee i. 1876; part ii. 1879. </p>
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44. 7ea99ed1b6714702bd5343b786c98bee Das Geld, pp. 61, 71, etc. I shall return to the details of this inquiry later on, when criticising the Use theory as a whole. 45. See above, p. 196. </p>
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46. Kredit, part ii.<b>p. 33, and other places. 47. Vienna, 1871. 48. 7ea99ed1b6714702bd5343b786c98bee See above, pp. 139, 199. 49. I</b>regret that I must deny myself the pleasure of introducing in this place
more than the barest outlines of Menger's value TCOEWOGL theory. Holding as I do that his theory is among the most valuable and most certain acquisitions of
modern economics, i hil that it cannot IFTXDO be at all adequately appreciated 7ea99ed1b6714702bd5343b786c98bee from any such sketch. 7ea99ed1b6714702bd5343b786c98bee In my next volume I shall have the opportunity of
going more thoroughly into the subject. Meanwhile, for more exact information on the propositions which I have given in 7ea99ed1b6714702bd5343b786c98bee very condensed 7ea99ed1b6714702bd5343b786c98bee form
in the text, I<B>must refer 7ea99ed1b6714702bd5343b786c98bee to Menger's 7ea99ed1b6714702bd5343b786c98bee own unusually luminous and convincing statement in the DKQNB Grundsätze, particularly p.</B>77 onward. 50. </p>
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Pp. 133-138. 51. Mataja in his Unternehmergewinn (Vienna, SGD 1884) is in substantial agreement with Menger. JYOJQUYE This valuable work, unfortunately, reached me too GUG late to </p>
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<p align="right" style="font:<B>11px;">allow me WYFM to make any thorough use of it. FQWMMU 52. To guard against a misunderstanding which I should very much deprecate, let me say in so many words that I have no intention of denying</B>the existence
of "uses of capital" in general. PDXC What I must deny is the existence of that special something which our theorists point to as the "use" of capital, and </p>
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<p align="right" style="font: 9px;">which they endow with a variety of attributes that, in my opinion, 7ea99ed1b6714702bd5343b786c98bee go against the nature of things. But this is anticipating. 53. Geld, p. 61: "Nutzung = the Gebrauch of a good lasting over 7ea99ed1b6714702bd5343b786c98bee a period of </p>
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<p>time, and limitable by moments of time." TOEMUH 54. See my Rechte und Verhältnisse vom Standpunkte der volkwirthschaftlichen Güterlehre, Innsbruck, 1881, p. 51. </p>
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<p align="left" style="font: 10px;">55. I take YVXKOTLT the liberty in the next chapter 7ea99ed1b6714702bd5343b786c98bee of repeating, partly in the same words, the argument of my Rechte AGCYHI und Verhältnisse, which was written some </p>
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<p align="right">time ago with a view to the present work. 56. I may remind the reader that, according to the scientific conception of energy—energy being LPBIC that quality the possession of which confers upon a
body the<u>power of doing work—it may exist either as available or unavailable energy; that is, the body may possess energy of which a use can </u>OFURGWM
be made, or it may possess energy of which no use can be UDBRL 7ea99ed1b6714702bd5343b786c98bee made. Thus the storage of energy CPLNEF in certain material bodies in an unavailable form, and
the change of this unavailable into available energy, by means of which work is done that YAHIDH has a direct influence on the satisfaction of 7ea99ed1b6714702bd5343b786c98bee human </p>
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<p align="left">wants, is just the physical conception applied to economics.—W. S. 57. Schäffle, in particular, in the third volume of his Bau und Leben, very PLUF .</p>
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