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Home› Part II – Political economy propositions› Chapter 11 - Prices›Proposition 11.1
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11.1 This chapter deals only with prices, other than interest, at which enterprises sell their products.

1. The previous chapter deals with interest, the price of credit service.

Before that, two other chapters also deal with a price. Profit when this word refers to the remuneration of the savings in capital, is the price of a service. Wage i.e. remuneration for labor, are also the price of a service.

2. These prices have their own determinants and functions.

Investment returns, depending on whether they are capital or credit, have determinants specific to the prices they constitute. Their controlling and stimulating functions are also unique to them. Remuneration for labor also has determinants specific to the prices it constitutes. In the same way, the distributive function of the latter determinants belongs only to them.

3. The non-interest prices interest at which firms sell also have their own determinants and functions.

This chapter situates these determinants and functions. In doing so, it brings to light the principle of the objective distribution of common costs. The law that is discerned from this is circumventable, but it is by making many prices more arbitrary that they could be.

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