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Mill and Marx



Jim Devine has asked for examples from Mill that might be compared to
Marx.  Chapter IV, Book IV of Mill's Principles is entitled "Of the
Tendency of Profits to a Minimum."  In the chapter Mill put forth an
argument of falling profit rates based on a diminishing opportunities
for investment.  He then goes on to consider "the counteracting
circumstances which now keep in check the natural influence of
those savings in reducing profit."
If any one wants more I will go look up stuff in Mill's Logic, where
I recall he makes an argument about the laws of economics and
and disturbing effects.
                         Joe Persky


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