Truls Ljungström’s Reviews > Capital and Interest > Status Update
Truls Ljungström
is on page 182 of 538
Between these 2 senses lies a very great distinction, which may be better illustrated by an example. If a corn-field is turned up by a steam plough, it is indisputable that the steam plough is 1 cause of the grain produced, & at the same time is 1 cause of the value of the grain produced. But it is quite as indisputable that the emergence of value on the part of the grain is /not caus/ by saying that the steam plough
— Apr 04, 2023 12:34AM
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Truls Ljungström
is on page 317 of 538
Nebenius found the explanation of the exchange value of the services of capital, among other things, in this, that capitals are only got through more or less painful privations or exertions, and that men can only be induced to undergo these by getting a corresponding advantage.
— Apr 19, 2023 06:13AM
Truls Ljungström
is on page 260 of 538
Now in opposition to this I maintain : -
1. There is no independent " use of capital," such as is postulated by the Use theorists
2. Even if there were a "use of capital" of such a nature as is assumed by the Use theorists, the actual phenomena of interest would not be satisfactorily explained thereby.
— Apr 05, 2023 05:54AM
1. There is no independent " use of capital," such as is postulated by the Use theorists
2. Even if there were a "use of capital" of such a nature as is assumed by the Use theorists, the actual phenomena of interest would not be satisfactorily explained thereby.
Truls Ljungström
is on page 232 of 538
The fundamental idea of the Use theory is the following. Besides the substance of capital, the use (Gebraiich or Nutzung) of capital is an object of independent nature and of inde- pendent value.
— Apr 04, 2023 04:13AM
