----------------- HES POSTING ----------------- 
 
In cleaning up some older files, I ran into a few notes for which I cannot 
recall the sources.  I would appreciate any help from the list. 
 
Wicksell, Knut. Letter to Alfred Marshall, June 1, 1905. 
"Moreover the theory of capital and interest cannot be regarded as complete 
yet.  As I have tried to show several times ... as long as capital is 
defined as a sum of commodities (or of value) the doctrine of the marginal 
productivity of capital as determining the rate of interest is never quite 
true and often not true at all -- it is true individually, but not in 
respect of the whole capital of society." 
 
Keynes: "Owe your banker £1,000 and you are at his mercy; owe him £1 million and the
position is reversed."
 
On a typical day in 1844, the average adult Irishman ate about 13 pounds of 
potatoes.  At five potatoes to the pound, that is 65 potatoes a day. 
 
Michael Perelman 
 
 
------------ FOOTER TO HES POSTING ------------ 
For information, send the message "info HES" to [log in to unmask]