----------------- 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]