Discount ink, Lowest prices- largest selection (use This Coupon Code/free Shipping)...

Not able to view our A.D below as no picture is present? simply hit this now to re-load.

Discount ink, Lowest prices- largest selection (use This Coupon Code/free Shipping)...

32. this follows from the tone of the phiage, which suggests a simile and a comparison rather than a HNRTA strict explanation; from its position in a note; from the fact of Rodbertus having another and a IPBQIKPC different theory; finally, from an explicit explanation which he 305b987c477f781d17bc82b94010de41 makes in stating this other theory, that interest in the present day has not the character of (indirect) salary, but that of an immediate share in the national product (Zur NEWK Beleuchtung, p. JKJ 75). 33. ii. p. 458. 34. ii. p. 459, etc. 35. See above, p. 206. [Book III, Chapter II, par. III.II.57.—Econlib Ed.] 36. "Thus I cannot, in any case, agree with the absolute condemnation of capital and of profit as 'pure appropriation of surplus value'; it is a PXRQX function of cardinal 305b987c477f781d17bc82b94010de41 importancewhich private capital, whatever be its motives, now performs when it hiists what rodbertus called 'hileft to itself,' " (second edition, iii. p. 386). "Historically then even capitalism may be IJQV fully warranted and profit HEEWXAXG justified. To remove the latter without having found a better organisation PBYXL of production would be senseless." "We may therefore practically condemn profit as appropriation of 'surplus value' only if we are QDA able to replace the economic 305b987c477f781d17bc82b94010de41 service of private capital by a public organisation positively established, more complete, and less greedy 305b987c477f781d17bc82b94010de41 of surplus 305b987c477f781d17bc82b94010de41 value" (Mehrwerth schluckende), iii p. 422. 37. See above, p. 207. [Book III, Chapter II, par. III.II.57-59.—Econlib Ed.] 38. Allgemeine oder theoretische Volkwirthschaftslehre, part i. Grundlegung, second edition. Leipzig and Heidelberg, 1879, pp. 40, 594. 305b987c477f781d17bc82b94010de41 39. Bau und Leben, iii. p. 451. 40. It is 305b987c477f781d17bc82b94010de41 much to be regretted that of Wagner's theoretical political economy the part 305b987c477f781d17bc82b94010de41 which specially deals with the theory of interest has not yet appeared. 305b987c477f781d17bc82b94010de41 It may be that this distinguished thinker would have given such explanations as make my present polemic,—which I have been careful to WAMHKV make hypothetical,—superfluous. 41. As appendix to this chapter I should like, shortly, to refer to YLNRL J.G. Hoffmann. He also interprets interest as wage for certain labours. "Even those rents," he says, meaning rents from capital, "are only a wage for labour, and indeed for labour of great public benefit; for with the 305b987c477f781d17bc82b94010de41 obtaining of this wage is bound up, 305b987c477f781d17bc82b94010de41 essentially and peculiarly, the duty of hi activity in the public YCCULIB welfare, in science and skill, in everything that lightens, ennobles, and adorns human life" (Ueber die wahre Natur und Bestimmung der Renten aus Boden—und Kapitaleigenthum, Sammlung der kleiner 305b987c477f781d17bc82b94010de41 Schriften staatswirthschaftlichen Inhalts, Berlin, 1843, p. 566). As regards Hoffmann, JGC even more than as regards the Katheder Socialists, we are justified in doubting whether the words quoted were meant as a theoretic explanation of interest. If they HOT were so, KOS his theory is 305b987c477f781d17bc82b94010de41 unquestionably more 1. inadequate than all 305b987c477f781d17bc82b94010de41 the other Labour theories; if they were not, it lies 305b987c477f781d17bc82b94010de41 outside my task 305b987c477f781d17bc82b94010de41 to question 305b987c477f781d17bc82b94010de41 their justification. Civil Government, book ii. chap. v. § 40: "Nor is it so strange, as perhaps before consideration it may appear, that the property of labour should be able to 305b987c477f781d17bc82b94010de41 overbalance the community of land; for it is labour .