Wednesday, January 6, 2021

Yes, More Questions

  1. If the whole labour of the country was just sufficient for the support of the whole population; would there be any surplus labour or capital accumulation?
  2. If the whole labour of the country could raise as much in one year as would maintain the population for two years, would the country cease working for a year, would the surplus be left to perish or would the possessors of the surplus produce use it to employ people on something not directly and immediately productive, for instance, the erection of machinery?
  3. If surplus produce from the first year is invested in machinery or other productive capital in the second year would the annual output in the third year be the same as, less than, or more than that in the first year?  
  4. If the whole labour of the country could raise as much in the third year as would maintain it for two years plus the addition output enabled by machinery would they cease working for a year, would the surplus be left to perish or would the possessors of the surplus produce use it to employ people on something not directly and immediately productive, for instance, in the erection of more machinery, etc.?


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