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Principles of Political Economy · 1848

John Stuart Mill

ANCESTORADAPTEDDIVERGED

Distribution is a human institution (grounds the founding move); the rent/profit meter, the displacement→rent self-funding dividend, and the stationary state rooting the meaning axis.

Edition read. Principles of Political Economy, read at the source.

What we took

Distribution is a human institution, not a law of nature, the ground of the founding move that value-for-governance is chosen, not discovered. The rent/profit demarcation becomes a working meter (a non-distortion theorem, a reproducibility test); displacement→rent makes the dividend self-funding; and the stationary state, abundance without growth-worship, roots the meaning axis. "Land" is extended to compute and data.

Where we diverge, and how we answer

Diverges on the "demand for commodities is not demand for labour" remedy and on Say's Law, the doctrine takes Keynes's correction on effective demand instead.

The net position

The economic module's ancestor across the board, the founding move, the rent meter, the displacement engine, and the fiscal constitution, augmented and sharpened, not overturned.

Every position is read at the source. See the whole register on Lineage & Critique · The System.