It is therefore not surprising that in seeking to make of this equation something more exact than its nature permits of, economists have managed to create more disagreement than unity of opinion, for there is not one term in the formulas they employ that is not open to a host of objections, based both on theory and on fact.


What is more, through the capitalization of interest, the position of the workers is steadily worsening each year, to the extent that if the analysis is followed through, around the seventh year we find that the entire initial contribution of the workers has passed as interest and profit into the hands of landowner-capitalist-businessmen…