FREE ELECTRONIC LIBRARY - Thesis, documentation, books

Pages:     | 1 |   ...   | 111 | 112 || 114 | 115 |   ...   | 139 |

«Part II: The Transformation of Money in Capital Ch. 4: The General Formula for Capital Ch. 5: Contradictions in the General Formula of Capital Ch. 6: ...»

-- [ Page 113 ] --

[24] Even J. B. Say says: "Les àpargnes des riches se font aux dàpens des pauvres." "The Roman proletarian lived almost entirely at the expense of society.... It can almost be said that modern society lives at the expense of the proletarians, on what it keeps out of the remuneration of labour." (Sismondi: "ttudes, &c.," t. i., p. 24.) [25] Malthus, l. c., pp. 319, 320.

[26] "An Inquiry into those Principles Respecting the Nature of Demand, &c.," p. 67.

[27] l. c., p. 59.

[28] (Senior, "Principes fondamentaux del'Écon. Pol." trad. Arrivabene. Paris, 1836, p.

308.) This was rather too much for the adherents of the old classical school. "Mr. Senior has substituted for it" (the expression, labour and,profit) "the expression labour and Abstinence. He who converts his revenue abstains from the enjoyment which its expenditure would afford him. It is not the capital, but the use of the capital productively, which is the cause of profits." (John Cazenove, l. c., p. 130, Note.) John St. Mill, on the contrary, accepts on the one hand Ricardo's theory of profit, and annexes on the other hand Senior's "remuneration of abstinence." He is as much at home in absurd contradictions, as he feels at sea in the Hegelian contradiction, the source of all dialectic.

It has never occurred to the vulgar economist to make the simple reftexion, that every human action may be viewed, as "abstinence" from its opposite. Eating is abstinence from fasting, walking, abstinence from standing still, working, abstinence from idling, idling, abstinence from working, &C. These gentlemen would do well, to ponder, once in a way, over Spinoza's: "Determinatio est Negatio."

[29] Senior, l. c., p. 342.

[30] "No one... will sow his wheat, for instance, and allow it to remain a twelvle month in the ground, or leave his wine in a cellar for years, instead of consuming these things or their equivalent at once... unless he expects to acquire additional value, &c." (Scrope, "Polit. Econ.," edit. by A. Potter, New York, 1841, pp. 133-134.) [31] "La privation que s'impose le capitalists, en pr6tant (this euphemism used, for the purpose of identifying, according to the approved method of vulgar economy, the labourer who is exploited, with the industrial capitalist who exploits, and to whom other capitalists lend money) ses instruments de production au travailleur, au lieu d'en consacrer la valeur i son propre usage, en la transforment en objets d'utilité ou d'agriment." (G. de Molinari, l. c., p. 36.) [32] "La conservation d'un capital exige... un effort constant pour ràsister a la tentation de le consommer." (Courcelle-Seneuil, l. c., p. 57.) [33] "The particular classes of income which yield the most abundantly to the progress of national capital, change at different stages of their progress, and are, therefore, entirely different in nations occupying different positions in that progress.... Profits...

unimportant source of accumulation, compared with wages and rents, in the earlier stages of society.... When a considerable advance in the powers of national industry has actually taken place, profits rise into comparative importance as a source of accumulation."

(Richard Jones, "Textbook, &c.," pp. 16, 21.) [34] l. c., p. 36, sq.

[35] "Ricardo says: 'In different stages of society the accumulation of capital or of the means of employing' (i.e., exploiting) 'labour is more or less rapid, and must in all cases depend on the productive powers of labour. The productive powers of labour are generally greatest where there is an abundance of fertile land.' If, in the first sentence, the productive powers of labour mean the smallness of that aliquot part of any produce that goes to those whose manual labour produced it, the sentence is nearly identical, because the remaining aliquot part is the fund whence capital can, if the owner pleases, be accumulated. But then this does not generally happen, where there is most fertile land."

("Observations on Certain Verbal Disputes, &c." pp. 74, 75.) [36] J. Stuart Mill: "Essays on Some Unsettled Questions of Political Economy," Lond., 1844, p. 90.

[37] "An Essay on Trade and Commerce," Lond., 1770, P. 44. The Times of December, 1866, and January, 1867, in like manner published certain outpourings of the heart of the English mine-owner, in which the happy lot of the Belgian miners was pictured, who asked and received no more than was strictly necessary for them to live for their "masters." The Belgian labourers have to suffer much, but to figure in The Times as model labourers! In the beginning of February, 1867, came the answer: strike of the Belgian miners at Marchienne, put down by powder and lead.

[38] l. c., pp. 44, 46.

[39] The Northamptonshire manufacturer commits a pious fraud, pardonable in one whose heart is so full. He nominally compares the life of the English and French manufacturing labourer, but in the words just quoted he is painting, as he himself confesses in his confused way, the French agricultural labourers.

[40] l. c., pp. 70, 71. Note in the 3rd German edition: To-day, thanks to the competition on the world-market, established since then, we have advanced much further. "If China," says Mr. Stapleton, M.P., to his constituents, "should become a great manufacturing country, I do not see how the manufacturing population of Europe could sustain the contest without descending to the level of their competitors." (Times, Sept. 3, 1873, p. 8.) The wished-for goal of English capital is no longer Continental wages but Chinese.

[41] Benjamin Thompson: "Essays, Political, Economical, and Philosophical, &c.," 3 vols., Lond, 1796-1802, vol. i., p. 294. In his "The State of the Poor, or an History of the labouring Classes in England, &c.," Sir F. M. Eden strongly recommends the Rumfordian beggar-soup to workhouse overseers, and reproachfully wams the English labourers that "many poor people, particularly in Scotland, live, and that very comfortably, for months together, upon oat-meal and barley-meal, mixed with only water and salt." (l. c., vol. i, book i., ch. 2, p. 503.) The same sort of hints in the 19th century. "The most wholesome mixtures of flour having been refused (by the English agricultural labouTer)... in Scotland, where education is better, this prejudice is, probably, unknown." (Charles H.

Parry, M. D., "The Question of the Necessecity of the Existing Corn Laws Considered."

London, 1816,, p. 69.) This same Parry, however, complains that the English labourer is now (1815) in a much worse condition than in Eden's time (1797.) [42] From the reports of the last Parliamentary Commission on adulteration of means of subsistence, it will be seen that the adulteration even of medicines is the rule, not the exception in England. E.g., the examination of 34 specimens of opium, purchased of as many different chemists in London, showed that 31 were adulterated with poppy heads, wheat-flour, gum, clay, sand, &c. Several did not contain an atom of morphia.

[43] G. B. Newnham (barrister-at-law): "A Review of the Evidence before the Committee of the two Houses of Parliament on the Com Laws." Lond., 1815, p. 20, note.

[44] l. c., pp. 19, 20.

[45] C. H. Parry, l. c., pp. 77, 69. The landlords, on their side, not only "indemnified" themselves for the Anti-Jacobin War, which they waged in the name of England, but enriched themselves enormously. Their rents doubled, trebled, quadrupled, "and in one instance, increased sixfold in eighteen years." (I. c., pp. 100, 101.) [46] Friedrich Engels, "Lage der arbeitenden Klasse in England," p. 20.

[47] Classic economy has, on account of a deficient analysis of the labour-process, and of the process of creating value-, never properly grasped this weighty element of reproduction, as may be seen in Ricardo; he says, e.g., whatever the change in productive power, "a million men always produce in manufactures the same value." This is accurate, if the extension and degree of Intensity of their labour are given. But it does not prevent (this Ricardo overlooks in certain conclusions he draws) a million men with different powers of productivity in their labour, turning into products very different masses of the means of production, and therefore preserving in their products very different masses of value; in consequence of which the values of the products yielded may vary considerably.

Ricardo has, it may be noted in passing, tried in vain to make clear to J. B. Say, by that very example, the difference between use-value (which he here calls wealth or material riches) and exchange-value. Say answers: "Quant à la difficulté qu'élève Mr. Ricardo en disant que, par des procédés mieux entendus un million de personnes peuvent produire deux fois, trois fois autant de richesses, sans produire plus de valeurs, cette difficulté n'est pas une lorsque l'on considére, ainsi qu'on le doit, la production comme un échange dans lequel on donne les services productifs de son travail, de sa terre, et de ses capitaux, pour obtenir des produits. C'est par le moyen de ces services productifs, que nous acquérons tous les produits qui sont au monde. Or... nous sommes d'autant plus riches, nos services productifs ont d'autant plus de valeur qu'ils obtiennent dans l'échange appelé production une plus grande quantité de choses utiles." (J. B. Say, "Lettres à M. Malthus," Paris, 1820, pp. 168, 169.) The "difficulté" — it exists for him, not for Ricardo — that Say means to clear up is this: Why does not the exchange-value of the use-values increase, when their quantity increases in consequence of increased productive power of labour?

Answer: the difficulty is met by calling use-value, exchange-value, if you please.

Exchange-value is a thing that is connected one way or another with exchange. If therefore production is called an exchange of labour and means of production against the product, it is clear as day that you obtain more exchange-value in proportion as the production yields more use-value. In other words, the more use-values, e.g., stockings, a working-day yields to the stocking-manufacturer, the richer is he in stockings. Suddenly, however, Say recollects that "with a greater quantity" of stockings their "price" (which of course has nothing to do with their exchange-value!) falls "parce que la concurrence les (les producteurs) oblige a donner les produits pour ce qu'its leur content... But whence does the profit come, if the capitalist sells the commodities at cost-price? Never mind!

Say declares that, in consequence of increased productivity, every one now receives in return for a given equivalent two pairs of stockings instead of one as before. The result he arrives at, is precisely that proposition of Ricardo that he aimed at disproving. After this mighty effort of thought, he triumphantly apostrophises Malthus in the words: "Telle est, monsieur, la doctrine bien liée, sates laquelle il est impossible, je le déclare, d'expliquer les plus grandes difficultés de l'économie politique, et notamment, comment il se peut qu'une nation soit plus riche lorsque ses produits diminuent de valeur, quoique la richesse soit,de la valeur." (I. c., p. 170.) An English economist remarks upon the conjuring tricks of the same nature that appear in Say's "Lettres": "Those affected ways of talking make up in general that which M. Say is pleased to call his doctrine and which he earnestly urges Malthus to teach at Hertford, as it is already taught 'dans plusieurs parties de I'Europe.' He says, 'Si vous trbuvez une physionomie de paradoxe à toutes ces propositions, voyez les choses qu'elles expriment, et j'ose croire queues vous paraitront fort simples et fort raisonnables.' Doubtless, and in consequence of the same process, they will appear everything else, except original." ("An Inquiry into those Principles Respecting the Nature of Demand, &c.," pp. 116, 110.) [48] MacCulloch took out a patent for "wages of past labour," long before Senior did for "wages of abstinence."

[49] Compare among others, Jeremy Bentham: "Théorie des Peines et des Récompenses," traduct. d'Et. Dumont, 3ème édit. Paris, 1826, t. II, L. IV., ch. II.

[50] Bentham is a purely English phenomenon. Not even excepting our philosopher, Christian Wolff, in no time and in no country has the most homespun commonplace ever strutted about in so self-satisfied a way. The principle of utility was no discovery of Bentham. He simply reproduced in his dull way what Helvétius and other Frenchmen had said with esprit in the 18th century. To know what is useful for a dog, one must study dog-nature. This nature itself is not to be deduced from the principle of utility. Applying this to man, he that would criticise all human acts, movements, relations, etc., by the principle of utility, must first deal with human nature in general, and then with human nature as modified in each historical epoch. Bentham makes short work of it. With the driest naiveté he takes the modern shopkeeper, especially the English shopkeeper, as the normal man. Whatever is useful to this queer normal man, and to his world, is absolutely useful. This yard-measure, then, he applies to past, present, and future. The Christian religion, e.g., is "useful," "because it forbids in the name of religion the same faults that the penal code condemns in the name of the law." Artistic criticism is "harmful," because it disturbs worthy people in their enjoyment of Martin Tupper, etc. With such rubbish has the brave fellow, with his motto, "nuila dies sine line!," piled up mountains of books. Had I the courage of my friend, Heinrich Heine, I should call Mr. Jeremy a genius in the way of bourgeois stupidity.

[51] "Political economists are too apt to consider a certain quantity of capital and a certain number of labourers as productive instruments of uniform power, or operating with a certain uniform intensity.... Those... who maintain... that commodities are the sole agents of production... -prove that production could never be enlarged, for it requires as an indispensable condition to such an enlargement that food, raw materials, and tools should be previously augmented; which is in fact maintaining that no increase of production can take place without a previous increase, or, in other words, that an increase is impossible." (S. Bailey: "Money and its Vicissitudes," pp. 58 and 70.) Bailey criticises the dogma mainly from the point of view of the process of circulation.

Pages:     | 1 |   ...   | 111 | 112 || 114 | 115 |   ...   | 139 |

Similar works:

«Eliminating distance between CEOs and employees: An explorative study of electronic leadership enabled by many-to-one communication tools DISSERTATION of the University of St. Gallen, School of Management, Economics, Law, Social Sciences and International Affairs to obtain the title of Doctor of Philosophy in Management submitted by Fabian Heuschele from Germany Approved on the application of Prof. Dr. Wolfgang Jenewein and Prof. Dr. Felicitas Morhart Dissertation no. 4280 Rosch-Buch,...»

«The Stockholm School of Economics MSc in Business and Economics Master’s Thesis Authors: Sandra Aile (ID: 40349) Zymantas Bausys (ID: 40348) Supervisor: Mats Jutterström May 15, 2013 Stockholm Corporate Social Responsibility and Financial Performance Aile and Bausys, 2013 ABSTRACT Companies worldwide tend to spend significant resources to promote corporate social responsibility (CSR). Yet, previous researches have found no conclusive evidence that such activities lead to any financial...»

«Simon M Potter: Money markets after liftoff – assessment to date and the road ahead Remarks by Mr Simon M Potter, Executive Vice President of the Markets Group of the Federal Reserve Bank of New York, at the 70th Anniversary Celebration of the School of International and Public Affairs at Columbia University, New York City, 22 February 2016. * * * The footnotes can be found at the end of the document.The charts can be found at the Federal Reserve Bank of New York’s website: Thank you....»

«Gryphon™ I GM4100 General Purpose Handheld Linear Imager Barcode Reader with Datalogic’s STAR Cordless System™ Quick Reference Guide Datalogic Scanning, Inc. 959 Terry Street Eugene, Oregon 97402 USA Telephone: (541) 683-5700 Fax: (541) 345-7140 An Unpublished Work All rights reserved. No part of the contents of this documentation or the procedures described therein may be reproduced or transmitted in any form or by any means without prior written permission of Datalogic Scanning, Inc. or...»

«Call for proposals: JUST/2013/PROG/AG/GE Support to civil society and other stakeholders aiming at promoting equality between women and men, Themes: gender balance in economic decision-making and gender pay gap Summaries of Awarded Project Proposals Application Number: 4000004920 Country: Belgium Applicant's Name: SOFIA FOUNDATION Societal organisation for feminine impact and achievment Contact e-mail: armelle.loghmanian@sofiafoundation.org, claudia.ritter@sofiafoundation.org Title of the...»

«Choosing the right A level subjects. There are over 40 subjects examined at A level, and even though it’s unlikely that all sixth forms or colleges offers that many, you should still have a lot of choice. A level subjects range from ones you’ve probably already met at GCSE to ones which sound interesting but which you may not know much about. Choosing the right combination can feel really tough, but if you are methodical, take your time, and ask lots of questions you will find the A level...»

«The Sustainability of the Federal Budget Deficit: Market Confidence and Economic Effects Marc Labonte Specialist in Macroeconomic Policy December 14, 2012 Congressional Research Service 7-5700 www.crs.gov R40770 CRS Report for Congress Prepared for Members and Committees of Congress The Sustainability of the Federal Budget Deficit: Market Confidence and Economic Effects Summary The budget deficit has exceeded $1 trillion since 2009. Combined with a shrinking economy, deficits increased the...»

«The Economics Of The Environment Not take you on and reduce you also are you. Free services partner these job at as supplementing a licensedlaundry to download into. At market, your date part should name scheduling more mortgage of priced if the work planning and a credibility into the time in a throng and traffic guideline. For I do, also you should especially beware every date investors too. The assures you will do just where the term offers both latest and opt-in need opening sales well. Be...»

«Government of Pakistan Federal Board of Revenue (Revenue Division) ***** No.C.4(1)ITP/2008-EC Islamabad, the August 27, 2008 To : All Director Generals, Large Taxpayer Units. All Director Generals, Regional Tax Offices. Subject: CORRIGENDUM TO THE CIRCULAR NO.5 OF 2008 DATED JULY 5, 2008. In paragraph 17.2 of the Circular No.05 of 2008 dated July 5, 2008, the words “Nil or” shall be deleted. 2. It is also clarified that in the wake of amendment made in sub-section (5) of section 152 of the...»

«Brick N’ Mortar Success Series Customer Acquisition: How Small Businesses Can Find New Customers Powered By Belly CHAPTER 1 HOW LOCAL RETAILERS SHOULD THINK ABOUT CUSTOMER RETENTION VS. CUSTOMER ACQUISITION “Make new friends, but keep the old. One is silver, the other is gold.”  This Girl Scout campfire song encapsulates the short-term versus long-term trade-off many local businesses face when looking at marketing costs. Old friends, like loyal customers, are to be treasured. However,...»

«International Business & Economics Research Journal – January 2011 Volume 10, Number 1 The Usefulness Of Earnings And Book Value For Equity Valuation To Kuwait Stock Exchange Participants Mishari Alfaraih, Public Authority for Applied Education and Training, Kuwait Faisal Alanezi, Public Authority for Applied Education and Training, Kuwait ABSTRACT Motivated by the lack of research on the value relevance of accounting information in emerging markets and the unique institutional setting in...»

«Diskussionspapier 05-12 Lehrstuhl für Wirtschaftsethik Martin-Luther-Universität Halle-Wittenberg Diskussionspapier Nr. 05-12 Ingo Pies und Alexandra von Winning Sustainability by Education: Lessons to Be Learned Herausgegeben vom Lehrstuhl für Wirtschaftsethik an der Martin-Luther-Universität Halle-Wittenberg und der Sektion Wirtschaftswissenschaften der Stiftung Leucorea in der Lutherstadt Wittenberg Diskussionspapier 05-12 Haftungsausschluss Diese Diskussionspapiere schaffen eine...»

<<  HOME   |    CONTACTS
2016 www.thesis.xlibx.info - Thesis, documentation, books

Materials of this site are available for review, all rights belong to their respective owners.
If you do not agree with the fact that your material is placed on this site, please, email us, we will within 1-2 business days delete him.