A Theory of Interest (Classic Reprint)

A Theory of Interest (Classic Reprint)
A Theory of Interest (Classic Reprint)
Excerpt from A Theory of InterestThe purpose of this book is not to give a history of the problem of interest or to discuss in detail all the supposed solutions of it, but to try to solve it correctly.The importance of a correct solution can hardly be overestimated. Millions of men now call themselves party Socialists in countries where that party is committed to the Marxian doctrine of interest, according to which interest is due to the exploitation of wage-earners by capitalists. Millions of men, in other words, on account of the theory of interest they have accepted, regard themselves as robbed by capitalists. By many party Socialists in the United States and elsewhere, indeed, the view is held that the capitalists themselves fully understand how the system robs the wage-earners, and sustain universities, whose professors defend it, not, as they pretend, primarily for the advancement of learning, but primarily for the perpetuation of organized injustice. Such is the attitude, I say, of millions of persons at one end of the scale of political opinion. At the other end of the scale are the business men - the "bourgeoisie," in the Marxian terminology - who in fact do not see any injustice in the receipt of interest, and who therefore in turn view the party Socialists as men who would rob them of their just accumulations. Neither group respects or understands the other.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.Эта книга будет изготовлена в соответствии с Вашим заказом по технологии Print-on-Demand компанией ООО «Книга по Требованию». Print-on-Demand - это технология печати книг по Вашему заказу на цифровом типографском оборудовании. Книга, произведенная по технологии Print-on-Demand (POD) представляет собой классическую печатную книгу с соблюдением всех стандартов качества, от офсетной бумаги и плотного картона до качественного клея, используемого при изготовлении. Черно-белая текстовая или полноцветная иллюстрированная книга (в зависимости от исходного файла, подготовленного к печати) может быть изготовлена в разных вариантах: - в мягкой обложке (Клеевое Бесшвейное Скрепление); - скрепление скобой (для книг с небольшим количеством страниц); - в твердом переплете с клееным текстовым блоком; Материалы, используемые при производстве книги: - бумага текстового блока - офсетная (белая или кремовая) 80 г/м2 - мягкая обложка - бумага мелованная 250 г/м2; - ламинация обложки - матовая или глянцевая; - твердый переплет - картон 2 мм, каптал, белые форзацы, прямой корешок - сверхпрочный полимерный клей; - каждая книга упакована в термопленку. Каждый заказ обрабатывается в индивидуальном порядке: каждой книге, напечатанной по технологии Print-on-Demand, присваивается уникальный номер.