,REMEMB] ! ,WRAPP] ,PEOPLE 3 ,AU?OR 3 ,PAUL ,MATTICK ,TEXT 3 ,PAUL ,MATTICK #aide ,REMEMB] ! ,WRAPP] ,S\RCE3 ,WE/]N ,SOCIALI/1 ,BO/ON1 ,U,S,A1 ,SEPTEMB] #a#i#d#e2 ,! ,ECONOMICS ( ,CONTROL4 ,PR9CIPLES ( ,WELF>E ,ECONOMICS4 ,BY ,ABBA ,P4 ,L]N]4 ,! ,MACMILLAN ,COMPANY1 ,NEW ,YORK1 #aidd 7#d#b#h PP42 @s#c4#g#e72 ,TRANSCRIB$3 BY ,ADAM ,BUICK2 ,PRO($3 & CORRECT$ BY ,GE(F ,TRAU<1 ,AUGU/ #b#e4 ,IT IS DIFFICULT TO REVIEW ,PR(ESSOR ,L]N]'S /UDY1 NOT BECAUSE IT IS 9TRICATE1 BUT BECAUSE IT SEEMS SO SUP]FLU\S4 ,AS TRY+ AS IT IS TO READ ?IS WORK IT IS ALMO/ 9CONCEIVABLE ?AT ,L]N] C\LD SP5T TWELVE YE>S ON ITS PREP>ATION & WRIT+2 P>TICUL>LY !SE LA/ TWELVE YE>S ( CRISIS1 DEPRESSION1 FASCISM & W>4 ,& YET IT IS QUITE UND]/&ABLE FROM ! ACADEMIC PO9T ( VIEW1 ?AT IS1 FROM ! POSITION :I* ) REG>D TO ECONOMICS & POLITICS1 G5]ALLY PREF]S TO /AY AWAY FROM ! WORLD ( REALITY 9 ORD] TO DELVE DEEP] 9TO SPH]ES ( EMPTY SPECULATION :]E NEI!R TRU? NOR ]ROR MATT]S4 ,L]N] HIMSELF1 ( C\RSE1 IS DEEPLY CONV9C$ ( ! REALISM ( HIS 5T]PRISE1 ! MORE SO S9CE HIS PROPOSALS DEAL ) ! URG5T PROBLEMS ( CONTROL & WELF>E1 ) SOCIETY 9 TRANSITION FROM LAISSEZ-FAIRE TO COLLECTIVISM4 ,DESPITE HIS 9T5TIONS1 H[EV]1 HE DEALS ONLY ) CON/RUCTIONS ( HIS [N M9D & ( ! M9DS ( ?OSE ) :OSE S*OOL ( ECONOMIC ?\DS ! CONCRETE PROBLEMS IT SETS \T TO SOLVE YET ONLY OBSCURES BY A FALSE K9D ( REASON+4 ,?IS FALSE REASON+ HAS A LONG HI/ORY4 ,IF CLASSICAL ECONOMY1 DESPITE ITS RE/RICTION TO VALUE PROBLEMS BECAUSE ( ITS PRE-OCCUPATION ) ! EX*ANGE PROCESSES1 WAS /ILL CONC]N$ ) ! PROBLEMS ( PRODUCTION1 ! SO-CALL$ 0MOD]N ECONOMICS0 ATTEMPT$ MA9LY TO ELIM9ATE ! VALUE PROBLEM BY TRANSF]R+ IT FROM ! SPH]E ( LABOR TO ?AT ( ! 9DIVIDUAL CONSUM]4 ,VALUE WAS SAID TO REPRES5T ! UTILITY ( A P>TICUL> COMMODITY TO ITS 9DIVIDUAL BUY]4 ,BECAUSE DIFF]5T COMMODITIES POSSESS DIFF]5T DEGREES ( UTILITY TO DIFF]5T CONSUM]S1 ! LATT]1 BY DECID+ = !MSELVES :AT !Y WANT & 9 :AT QUANTITIES !Y DESIRE MO/1 DET]M9E PRODUCTION & ! ALLOCATION ( RES\RCES4 ,! PR9CIPLE ( DIM9I%+ UTILITY EXPLA9S :Y AN 9DIVIDUAL1 CONSUM+ A P>TICUL> COMMODITY1 IS B\ND TO REA* A PO9T :]E HE WILL BE READY TO GIVE UP CONSUM+ ?IS 9 FAVOR ( ?AT COMMODITY4 ,?IS PO9T IS CONSID]$ ! CONSUM]'S M>G9 ( USE = A P>TICUL> COMMODITY1 & ?IS M>G9 IS ! ALL-IMPORTANT FACTOR 9 ECONOMIC ANALYZES BECAUSE1 PRESUMABLY1 IT ALL[S = MA!MATICAL TREATM5T4 ,! MEAN+ ( ?IS APPROA* TO ECONOMICS WAS TW(OLD4 ,ON ! ONE H&1 IT CREAT$ ! ILLUSION ( A POSSIBLE 0SCI5TIFIC0 UND]/&+ & CONTROL ( M>KETS & PRICES &1 ON ! O!R H&1 IT L5T A 0DEMOCRATIC AIR0 TO ! M>KET ECONOMY1 :I*1 SEEM+LY1 S]V$ TO SATISFY JU/LY & ECONOMICALLY ALL ! V>I\S DESIRES & WANTS ( ALL ! 9DIVIDUALS ( ALL ! EXI/+ CLASSES 9 ALL ( SOCIETY4 ,?IS1 H[EV]1 IS NOT ! PLACE TO (F] AN ADDITIONAL EXPOSITION & REFUTATION ( ! M>G9AL UTILITY !ORY1 NOR TO DEAL ) ITS PRES5T-DAY V>IETIES & TE*NICAL REF9EM5TS :I* T5D TO DRAW ALL ECONOMIC CATEGORIES 9TO ITS ANALYZES4 ,/ILL1 IT MU/ BE SAID ?AT ITS PROPON5TS PROCE$ FROM ! ILLUSION ?AT ECONOMICS CAN BE DEALT ) 9DEP5D5TLY ( CLASS RELATION%IPS & ?AT ITS F9D+S >E APPLICABLE TO ANY =M ( SOCIETY4 ,?IS MAY HELP TO EXPLA9 ! A/ONI%+ FLEXIBILITY ( ?IS S*OOL1 :I* />T$ \T TO PROVE ! ET]NALNESS & RATIONALITY ( ! CAPITALI/ SY/EM BECAUSE ( ! REGULATIVE AUTOMATISM ( ! PRICE-SY/EM1 & 5D$ UP PROCLAIM+ ?AT ! PRICE-ME*ANISM W\LD REA* ITS FULL MATURITY & GREATE/ IMPORTANCE ONLY 9 ! SOCIALI/ SOCIETY TO COME4 ,! ,GREAT ,DEPRESSION1 H[EV]1 DEM&$ ( ! ACADEMIC ECONOMI/S MORE ?AN AB/RACT !ORIES ?AT S]V$ ! IDEOLOGICAL NE$S ( ! PA/1 OR W]E BY SOME1 PROJECT$ 9TO ! FUTURE4 ,A QUE] MIXTURE ( OLD DOCTR9ES & NEW MONOPOLI/IC & GOV]NM5TAL PRACTICES WAS !N DEVELOP$ 9 ,MAYN>D ,KEYNES' !ORIES4 ,! 0SOCIALI/IC W+0 ( 0MOD]N ECONOMICS10 ?AT IS1 PEOPLE LIKE ,OSC> ,LANGE & ,ABBA ,P4 ,L]N]1 SOON SUCCUMB$ TO ! AMBIGU\S !ORETICAL REASON+S ( ,KEYNES & HIS FOLL[]S1 :I* F\ND !IR N\RI%M5T 9 0,NATIONAL ,SOCIALISM0 & 9 ! 0,NEW ,DEAL40 ,IT WAS NOT SO LONG AGO !N1 ?AT !SE ECONOMI/S ASSOCIAT$ !MSELVES ) ! RE=MI/ W+ ( ! LABOR MOVEM5T & ATTEMPT$ TO PROVE ?AT ONLY A RADICAL 0SOCIALI/IC0 SY/EM ( DI/RIBUTION1 & !RE) PRODUCTION1 C\LD REALLY ACTUALIZE ! F9D+S ( ! SCI5CE ( ! ECONOMY4 ,= A TIME ,L]N] EV5 FLIRT$ ) LEFT-W+ BOL%EVISM1 ATTEMPT+ TO DO = ,TROTSKY :AT1 AT A LAT] TIME1 ,LANGE DID SO SUCCESSFULLY = ,/AL9'S ,RUSSIA4 ,9 VIEW ( HIS PA/1 ! FIR/ ?+ ?AT ,L]N] DOES IS TO APOLOGIZE = IT4 0,ORIG9ALLY10 HE SAYS1 HIS WORK 0WAS TO BE A DEVELOPM5T ( ! !ORY ( ! PRICE ME*ANISM ( A SOCIALI/ SOCIETY40 ,RUSSIA & ,G]MANY CONV9C$ HIM1 H[EV]1 0?AT ! MA9T5ANCE & FUR!R DEVELOPM5T ( ! DEMOCRATIC WAY ( LIFE1 AS IT GREW UND] CAPITALISM & WAS EXT5D$ BY ! LABOR MOVEM5T )9 ! CAPITALI/ SOCIETY1 NOT ONLY =M$ A F> MORE ESS5TIAL P>T ( ! SOCIALI/ IDEAL ?AN ! NEGATIVE 'ABOLITION ( PRIVATE PROP]TY 9 ! 9/RUM5TS ( PRODUCTION' BUT WAS 9 MU* GREAT] NE$ ( C>EFUL T5D+40 ,AL?\< ,L]N] /ILL CONTRA/S ! ECONOMICS ( CONTROL ) ! ECONOMICS ( LAISSEZ FAIRE1 TO HIM CONTROL DO]S NOT NECESS>ILY MEAN COLLECTIVISM4 ,IT SUGGE/S 0! DELIB]ATE APPLICATION ( :ATEV] POLICY WILL BE/ S]VE ! SOCIAL 9T]E/1 )\T PREJUDG+ ! ISSUES BETWE5 COLLECTIVE [N]%IP & ADM9I/RATION OR SOME =M ( PRIVATE 5T]PRISE40 ,9 BRIEF1 ,L]N] DEALS ) ! PR9CIPLES ( WELF>E ECONOMICS TO BE REALIZ$ BY A B5EVOL5T GOV]NM5T SOLELY 9T]E/$ 9 ! WELL-BE+ ( ! :OLE ( SOCIETY4 ,ASSUM+ ?AT SU* A GOV]NM5T C\LD EXI/ & ?AT IT W\LD ADOPT ,L]N]'S PR9CIPLES 9 ALL !IR RAMIFICATIONS1 & ASSUM+ FUR!R ?AT IT W\LD F9D NO OPPOSITION ( ANY K9D FROM ANY:]E1 ?AT ! SOCIAL PRACTICE W\LD FOLL[ ,L]N]'S SUGGE/IONS & PLANS1 CONSI/5TLY & )\T 9T]F]5CE1 !RE W\LD BE NO REASON NOT TO AGREE ) ,L]N] ?AT ! APPLICATION ( HIS !ORY MIE HE IS CAPABLE ( IMAG9+4 ,& ONLY ) !SE PRE-SUPPOSITIONS W\LD IT BE WOR?:ILE TO TE/ S]I\SLY ! LOGICAL CONSI/5CY & ! POSSIBILITY ( AN EMPIRICAL V]IFICATION ( HIS !ORY4 ,BUT !RE IS NO SU* GOV]NM5T ANY:]E 9 ! WORLD1 & SOCIAL RELATION%IPS >E DET]M9$ EV]Y:]E BY A V>IETY ( COMPET+ & /RUGGL+ CLASSES -- & GR\P-9T]E/S :I* PREV5T ! REALIZATION ( A POLICY ?AT S]VES ! SOCIAL 9T]E/4 ,AS ,L]N] ?9KS NO LONG] 9 T]MS ( 0SOCIALISM10 HE DOES NOT SPEAK ( A SOCIETY AS IT MID ALL ( ITS PREVI\S HI/ORY1 ITS BLOODY PRES5T1 & ITS RECOGNIZABLE TR5D T[>DS A /ILL GREAT] & MORE MURD]\S *AOS4 ,TO BE SURE1 IT IS \T ( ! EXI/+ SOCIETY ?AT BETT] SOCIAL RELATION%IPS MU/ EVOLVE 9 ORD] TO *ANGE ! EXPLOITATIVE SY/EM 9TO TRULY SOCIAL PRODUCTION & DI/RIBUTION4 ,BUT SU* *ANGES 9VOLVE ! SPH]E ( DI/RIBUTION ONLY AFT] PRODUCTION-RELATION%IPS HAVE BE5 ALT]$4 ,! CAPITALI/ DIVISION ( LABOR ALONE1 NOT TO SPEAK ( ! CAPITALI/ NE$ TO ACCUMULATE = ! SAKE ( ACCUMULATION 9 ORD] TO SAFEGU>D ! EXPLOITATIVE PRACTICES1 PREV5TS ANY K9D ( 0WELF>E ECONOMICS0 AS 5VISION$ BY ,L]N]4 ,\T ( ! /RUGGLE BETWE5 CAPITAL & LABOR1 :I* MEANS BETWE5 ?OSE PR(IT+ & ?OSE SUFF]+ FROM MOD]N ME?ODS ( EXPLOITATION1 !RE MAY >ISE A NON-EXPLOITATIVE SOCIETY1 BUT NEV] FROM ! 0RECONCILIATION ( LIB]ALISM & SOCIALISM0 AS ,L]N] ASSUMES4 ,HE MAY TEA* = MANY YE>S TO COME 9 ORD] ?AT ! CAPITALI/S MAY LE>N AS HE HOPES1 0TO SEE ECONOMIC ACTIVITY AS A MEANS ( SATISFY+ ! NE$S ( ! PEOPLE40 ,BUT SO LONG AS !Y >E CAPITALI/S !Y WILL KEEP ON DO+ :AT !Y >E DO+ N[1 ?AT IS1 DISREG>D SOCIETY TO SAFEGU>D !IR P>TICUL> 9T]E/S4 ,IF1 ACCORD+ TO ,L]N]1 ! CAPITALI/S MU/ LE>N TO ?9K SOCIALI/ICALLY1 ! SOCIALI/S MU/ LE>N TO ?9K CAPITALI/ICALLY1 ?AT IS1 MU/ 0LE>N ?AT IT IS NOT ABSOLUTE COLLECTIVISM BUT ! EXT5SION ( DEMOCRACY ?AT C\NTS40 ,BUT ! 0DEMOCRACY0 TO BE EXT5D$ CONSI/S ( ! 0RIE UTILIZ$ 9 ! BE/ POSSIBLE MANN]40 ,ACCORD+ TO ,L]N]1 ?REE MA9 PROBLEMS FACE ! CONTROLL$ ECONOMY3 EMPLOYM5T1 MONOPOLY1 & ! DI/RIBUTION ( 9COME4 ,BUT BE=E HE DEALS ) !SE PROBLEMS 9 :AT HE ?9KS >E CONCRETE T]MS1 HE FULFILLS HIS PR(ESSIONAL OBLIGATION AS A TEXT-BOOK WRIT]4 ,& H]E1 :]E IT MEANS NO?+1 HE IS (T5 QUITE D>+1 BUT NOT QUITE TOO D>+4 ,BY A PROC$URE ( SEP>ATION & 9TEGRATION HE GOES FROM ! AB/RACT TO ! CONCRETE1 BUT AN AIR ( >TIFICIALITY P5ETRATES ALL ! /EPS ( HIS ANALYSIS4 ,! TEXTBOOK P>T DEALS 9 M>G9AL UTILITY T]MS & TE*NIQUES ) IDEAS SU* AS ! QUANTITATIVE & QUALIFICATIVE PROBLEMS ( ! PR9CIPLE ( ! DIM9I%+ M>G9AL SUB/ITUTABILITY BETWE5 GOODS1 ! EQUALIZATION ( M>G9AL SUB/ITUTABILITY1 ETC41 ETC41 :I* DESCRIBE ?+S LIKE 0! IDEAL ALLOCATION ( FRUIT & MEAT0 BETWE5 TWO 9DIVIDUALS1 LEAD+ TO AN 0EXACT =MULATION ( ! COMMON S5SE PR9CIPLE ?AT GOODS %\LD GO :]E !Y >E MO/ USEFUL40 ,L]N] PO9TS \T ?AT ?IS PR9CIPLE IS CLOSELY APPROXIMAT$ AUTOMATICALLY BY FREE EX*ANGE & UPSET MO/LY BY ! EXI/5CE ( MONOPOLIES4 ,MONOPOLY P[]1 !RE=E1 %\LD NOT BE EX]CIS$ 9 ! 9T]E/ ( 9DIVIDUALS BUT1 IF UNAVOIDABLE1 %\LD BE US$ BY ! GOV]NM5T = NON-MONOPOLI/IC 5DS4 ,AS !RE >E NONTRANSF]ABLE GOODS1 SU* AS 0HAIRCUTS & P]MAN5T WAVES10 HE FUR!R PO9TS \T ?AT B>T] W\LD NOT BE ADVISABLE & MONEY %\LD BE US$ 9 ! DI/RIBUTION PROCESS4 ,9 ORD] TO SECURE AN OPTIMUM DI/RIBUTION ( GOODS !RE %\LD BE AN OPTIMUM DIVISION ( 9COME4 ,AS ! PR9CIPLE ( DIM9I%+ M>G9AL UTILITY /ATES ?AT 0! GREAT] A MAN'S 9COME1 ! LESS SIGNIFICANT TO HIM IS A GIV5 ABSOLUTE RISE 9 9COME10 IT FOLL[S ?AT A R$IVISION ( 9COME %\LD BE 9 ACCORDANCE ) ! IDEA ( GIV+ TO ?OSE :O HAVE GREAT] NE$1 = 0PROBABLE TOTAL SATISFACTION IS MAXIMIZ$ BY ?AT DIVISION ( 9COME :I* EQUALIZES ! M>G9AL UTILITIES ( 9COMES ( ALL ! 9DIVIDUALS 9 ! SOCIETY40 ,9 PLA9 WORDS1 ,L]N] FAVORS AN EQUAL DIVISION ( 9COME4 ,HURRI$LY1 H[EV]1 HE ADDS ?AT 0AN ABSOLUTELY EQUALIT>IAN DIVISION ( 9COME IS NOT DIRECTLY APPLICABLE TO PRACTICAL POLICY10 BECAUSE IT MAY BE 0DESIR$ TO PRODUCE AS GREAT AN 9COME AS POSSIBLE = ! DIVISION AMONG ! MEMB]S ( SOCIETY1 & IF A GREAT] TOTAL 9COME W\LD BE PRODUC$ IF ! DIVISION ( 9COME W]E LESS EQUALIT>IAN1 A COMPROMISE CANNOT BE AVOID$40 ,& ?US1 ONCE AGA91 WE HAVE M]ELY SOME NEW LYRICS TO A V]Y OLD TUNE4 ,9DE$1 ! TUNE TO :I* ,L]N] WRITES IS AS OLD AS CAPITALISM ITSELF & IS USUALLY RELAT$ TO ,ADAM ,SMI?4 ,IT IS ! OLD LAISSEZ FAIRE IDEOLOGY1 EMBELLI%$ ) AN AWKW>D PHRASEOLOGY ?AT HAS TO S]VE AS AN ATTEMPT TO FIT IDEAS CONNECT$ ) ! *ANG+ REALITY 9TO ! /ALE & /ATION>Y FRAMEWORK ( B\RGEOIS ECONOMICS4 ,N[1 AS BE=E1 COMPETITION EQUATES SUPPLY & DEM& VIA ! PRICE SY/EM & 9 ACCORDANCE ) ! NE$S ( ! PEOPLE4 ,IF MONOPOLI/IC PRACTICES 9T]F]E1 GOV]NM5TAL 0C\NT]SPECULATION0 HAS TO BR+ AB\T :AT ,ADAM ,SMI? ?\KET W\LD ACCOMPLI% )\T HUMAN 9T]F]5CES4 ,BUT IT IS /ILL ! PRICE ME*ANISM & A ,RULE1 (F]$ BY ,L]N]1 0?AT EQUALIZES ! VALUE ( ! M>G9AL PRODUCTS ( EA* FACTOR 9 EA* ( ITS USES10 :I*1 9 HIS VIEW1 WILL ASSURE ?AT 0EA* 9DIVIDUAL IS 9DUC$1 :ILE SEEK+ HIS [N 9T]E/1 TO DO ?AT :I* IS 9 ! SOCIAL 9T]E/40 ,! SOCIAL 9T]E/ IS S]V$ NOT ONLY BY COMPETITION BUT ALSO BY 0COMPETITIVE SPECULATION10 :I*1 ACCORD+ TO ,L]N]1 IS 0USEFUL EV5 :5 ! SPECULATOR MAKES A PR(IT \T ( UND]TAK+ TO SELL ?+S ?AT HE DOES NOT POSSESS1 H[EV] MU* ?AT MAY SAVOR ( UNHOLY MAGIC OR EV5 D[NRI :5 !Y WILL NOT BE NE$$ AS URG5TLY AS !Y >E NE$$ N[40 ,:]EAS ! SELL+ ( ?+S :I* >E NOT !RE IS BO? PR(ITABLE TO ! SELL] & USEFUL TO SOCIETY1 BECAUSE SELL+ ?+S :I* >E NOT !RE LEADS TO BUY+ ?+S :I* DO EXI/1 & :]EAS 9 ,L]N]'S VIEW1 0PRODUCTION 9CLUDES SPECULATION10 AS F> AS HIS /UDY IS CONC]N$ PRODUCTION NEV] SEEMS TO 9CLUDE LABOR4 ,HE WRITES3 0LABOR IS NEV] M5TION$ AS A CONCRETE FACTOR ( PRODUCTION1 BECAUSE CLASSICAL ECONOMI/S & SOCIALI/S HAVE REGUL>LY GOT 9TO TR\BLE BY DEAL+ ) LABOR AS A FACTOR ( PRODUCTION OR AS ! SOLE FACTOR ( PRODUCTION4 ,! DIFFICULTIES >ISE FROM ! ALMO/ UNAVOIDABLE CONFUSION ( LABOR AS AN 9/RUM5T ( PRODUCTION ?AT IS CAPABLE ( PRODUC+ ONE PRODUCT OR ANO!R1 & LABOR AS ! HUMAN BE+S 9 :OSE WELF>E ! WRIT] IS 9T]E/$40 ,HE HOPES 0BY KEEP+ AWAY FROM LABOR TO AVOID !SE CONFUSIONS40 ,LABOR AS A 0FACTOR ( PRODUCTION0 AMONG MANY O!RS1 9CLUD+ 0SELL+ %ORT10 OR AS AN 09/RUM5T ( PRODUCTION0 LIKE ANY O!R PIECE ( MA*9]Y1 NE$S1 ( C\RSE1 NO SPECIAL CONSID]ATION 9 ,L]N]'S SCOPE ( REASON+4 ,LABOR AS 0HUMAN BE+S0 >E CLOSE TO HIS HE>T1 BUT AS 09/RUM5TS ( PRODUCTION0 !Y >E SUBJECT TO ! RULE ( COMPETITION & TO ,L]N]'S P>TICUL> ,RULE = ! ATTA9M5T ( A S]IES ( NICE EQUATIONS ?AT ILLU/RATE ! WAY T[>DS AN ECONOMIC OPTIMUM4 ,!SE RULES1 AS HE (T5 PO9TS \T1 B5EFIT EV]YBODY4 ,HE SAYS = 9/ANCE1 ?AT 9 PRIVATE 5T]PRISE !RE IS A 0CLOSE ID5TITY ( ! 9T]E/S ( ! MANAG] ) ! SOCIAL 9T]E/02 = 0EV]Y DOLL> ?AT ! MANAG] ( A FREE 5T]PRISE CAN SAVE SOCIETY IS A DOLL> SAV$ = HIMSELF1 & ONLY IF HE DOES ! V]Y BE/ POSSIBLE IS HE ABLE TO MAKE A NORMAL 9COME = HIMSELF40 ,TO BE SURE1 HAV+ ONCE UPON A TIME BE5 A SWEAT-%OP WORK] HIMSELF1 ,L]N] ADMITS1 AL?\< RELUCTANTLY1 ?AT ! EFFICI5CY BR\D = ! WELF>E ( ! WORK]S & AN 9HUMAN R$-TAPISM ?AT W\LD ULTIMATELY MEAN LESS & NOT MORE EFFICI5CY40 ,BUT S9CE1 ACCORD+ TO ?IS SAME ,L]N]1 ! SICKNESS CONTA9S ! CURE1 !RE IS NO REAL NE$ TO WORRY AB\T ?IS DREADFUL POSSIBILITY4 ,IF ! PR9CIPLE ( EFFICI5CY CONT9UES TO RULE1 EXPLOITATION WILL /OP :]E IT BECOMES UNPR(ITABLE1 ?AT IS1 :]E LABOR COLLAPSES AS 0HUMAN BE+S0 :ILE DO+ ITS V]Y BE/ AS 09/RUM5TS ( PRODUCTION40 ,& ?US IT GOES ON & ON2 FROM SIMPLE EQUATIONS TO MORE COMPLEX EQUATIONS1 FROM ISOLAT$ P>TS ( ! DI/RIBUTION & PRODUCTION PROCESS TO COMB9ATIONS & EV] GREAT] 9VOLVEM5TS4 ,IT ALL T5DS1 LIKE ALL PREVI\S B\RGEOIS ECONOMIC !ORY1 TO RESOLVE 9TO AN APOLOGY = ! PRES5T-DAY CAPITALI/IC PRACTICES ( ! SO-CALL$ 0DEMOCRATIC0 NATIONS 9 :I* ,L]N] HAS MADE HIS HOME4 ,! 0ID5TIFICATION ( P]FECT COMPETITION ) ! OPTIMUM USE ( RES\RCES10 HE SAYS1 0IS M]ELY ONE WAY ( BR++ AB\T ! OPTIMUM USE ( RES\RCES ?AT IS POSSIBLE UND] C]TA9 TE*NICAL CONDITIONS ( PRODUCTION40 ,! OPTIMUM CAN ALSO BE REA*$1 OR MAY ONLY BE REA*$1 0BY ! APPLICATION ( ! ,RULE 9 CONDITIONS :]E IT IS TE*NICALLY IMPOSSIBLE TO REPRODUCE ALL ! SYMPTOMS ( P]FECT COMPETITION4 ,9DE$1 IT IS BECAUSE ( ?IS IMPOSSIBILITY ?AT P]FECT COMPETITION (T5 DE/ROYS ITSELF & ! OPTIMUM USE IF RES\RCES CAN ONLY !N BE OBTA9$ VIA ! APPLICATION ( ! ,RULE BY COLLECTIVE AG5CIES OR BY >TIFICIAL MA9T5ANCE ( P]FECT COMPETITION BY C\NT]SPECULATION SUPPORT$ BY /ATE SUBSIDIES40 ,L]N] IS = BO?1 = PRIVATE 5T]PRISE & = GOV]NM5TAL REGULATION1 BECAUSE HE /ILL HAS TO FACE BO? 9 HIS CAPACITY AS A CONTEMPOR>Y ECONOMI/4 ,HE T5DS TO %[ GREAT] SYMPA?Y T[>DS ! GOV]NM5T1 H[EV]1 & NOT ONLY BECAUSE HE IS A *ILD ( HIS TIME1 BUT ALSO BECAUSE ! GOV]NM5T NE$ NOT DE/ROY COMPETITION BUT CAN USE IT AS AN 9/RUM5T ( CONTROL4 ,?IS BIAS 9 FAVOR ( ! GOV]NM5T COMES TO LILY 9 ,L]N]'S ATTITUDE T[>DS TAXATION4 ,BY EQUAT+ TAXATION ) SURPLUS1 HE PO9TS TO ! GOV]NM5T'S CAPACITY TO CONTROL ALL RES\RCES & ! :OLE PROCE$S ( EXPLOITATION4 0,ALL ! 9COME OV] & ABOVE :AT IS NECESS>Y TO KEEP ! POPULATION HEAL?Y 5\< TO KEEP ON WORK+10 HE SAYS1 0CON/ITUTES SURPLUS40 ,TAXES >E IMPOS$ ON SURPLUS4 ,TAX POLICY MU/ BE DIRECT$ T[>DS ! SAFEGU>D+ ( ! OPTIMUM USE ( RES\RCES4 ,BO? AN 9CREASE OR A DECREASE 9 TAXES MAY LEAD TO EI!R A NEGATIVE OR A POSITIVE DEVIATION FROM ! OPTIMUM1 = :I* REASON EA* K9D ( TAXATION MU/ C>EFULLY BE 9VE/IGAT$ TO DISCOV] :AT IT MID TO ! ECONOMIC OPTIMUM4 ,FROM ALL ?IS IT FOLL[S ?AT ,L]N] FAVORS ! POPUL> POLICY ( 0DEFICIT F9ANC+40 ,HE TRIES TO IMPROVE UPON IT BY 9TRODUC+ 0FUNCTIONAL F9ANCE40 ,FUNCTIONAL F9ANCE %\LD1 HE SAYS1 BE COMPLETELY DET]M9$ BY ! PR9CIPLE ( MA9TA9+ FULL EMPLOYM5T & A *OS5 RATE ( 9VE/M5T4 ,! 9/RUM5TS TO ?IS 5D >E GOV]NM5T BORR[+ & L5D+1 TAXES & BONUSES1 BUY+ & SELL+4 ,) !SE 9/RUM5TS ! GOV]NM5T CAN AFFECT BO? CONSUMPTION & ! RATE ( 9T]E/4 ,TAXES 5T] ! PICTURE1 ,L]N] EXPLA9S1 0NOT AS A MEANS ( RAIS+ MONEY1 BUT AS A MEAN ( CUTT+ D[N PRIVATE SP5D+40 ,PRIVATE SP5D+ IS CUT D[N1 ( C\RSE1 TO MAKE GOV]NM5T SP5D+ POSSIBLE1 & ?IS TRANSACTION MU/ APPE> 9 ,L]N]'S ECONOMY AS A WAY ( RAIS+ MONEY = ! GOV]NM5T4 ,ASIDE FROM ?IS CURI\S K9D ( 0DEBUNK+0 ON ! P>T ( ,L]N]1 HE (F]S NO?+ NEW 9 ! L9E ( PRACTICAL PROPOSALS AS TO H[ ! GOV]NM5T CAN TAKE FROM ,PAUL TO GIVE TO ,PET] 9 ORD] TO SAFEGU>D ITS [N EXI/5CE & ! EXI/5CE ( ! CAPITALI/ SY/EM ( LABOR EXPLOITATION4 ,TRUE TO TRADITION1 ! LA/ P>T ( ,L]N]'S BOOK DEALS ) =EIGN TRADE1 AL?\< PRES5T-DAY 0=EIGN TRADE0 W\LD S]VE MU* BETT] AS A />T+ PO9T = ANY UP-TO-DATE WORK ON ECONOMICS4 ,AFT] ALL1 ?IS IS ! AGE ( IMP]IALISM & WORLD W>S1 ( ,NAZI 0TRADE0 9 ,RUSSIA & ,POL&1 & ,RUSSIAN 0TRADE0 9 ,POL& & ,G]MANY1 & SO =?4 ,BUT ALONG ) ! ,WRIGLEY ,COMPANY1 ,L]N] HAS REMOV$ ! SIGN 0,REMEMB] ,PE>L ,H>BOR0 TO REPLACE IT ) ! MORE 9NOC5T ONE 0,REMEMB] ?IS WRAPP]40 ,HE IS BACK 9 ! WORLD ( *EW+ GUM & LADIES' HOSE & !IR M>G9AL UTILITY TO ! LIV+ SKELETONS ( ,BOMBAY & ! BOMB-CRAZ$ POPULATIONS ( ,EUROPE & ,ASIA4 ,HE (F]S !M1 ) SOME MODIFICATIONS ( C\RSE1 :AT HE (F]S ! FOLKS AT HOME1 ?AT IS1 PL5TY ( COMPETITION & HIS [N ,RULE TO GET 0! OPTIMUM UTILIZATION ( RES\RCES OV] ALL ! C\NTRIES TAK5 TOGE!R40 ,P]FECTLY S]I\SLY1 HE WRITES ?AT 0IT IS NOT TOO MU* TO SAY ?AT ANY P]MAN5T PEACE AMONG NATIONS1 :I* MU/ AVOID ! EXPLOITATION ( ANY NATION BY O!R NATIONS WILL HAVE TO BE BAS$ ON A G5]AL AGREEM5T TO ABIDE BY A ,RULE ( ! SAME NATURE ON :I* \R :OLE ANALYSIS IS BUILT40 ,C]TA9LY ?IS IS NOT 0TOO MU* TO SAY10 BECAUSE NO?+ AT ALL HAS BE5 SAID BY SAY+ IT1 NO?+ AT ALL ) REG>D TO :AT A CONTROLL$ ECONOMY ACTUALLY MEANS 9 ANY P>TICUL> C\NTRY & 9 ! WORLD AT L>GE4 ,FROM 3 ,M>XI/S4ORG4 ,*RONOLOGY 3 ,M>* #b1 #bba 3 ,REMEMB] ! ,WRAPP] -- ,ADD$4 ,JANU>Y #h1 #bbb 3 ,REMEMB] ! ,WRAPP] -- ,UPDAT$4 FILE G5]AT$ FROM 3 HTTP3_/_/REVOLTLIB4COM_/