Labour, Like All Other Things

If A Tax On Malt Would Raise The Price Of Beer, A Tax On Bread Must Raise The Price Of Bread.

Whenever The Current Of Money Is Forcibly Stopped, And When Money Is Prevented From Settling At Its Just Level, There Are No Limits To The Possible Variations Of The Exchange.

The Produce Of The Earth - All That Is Derived From Its Surface By The United Application Of Labour, Machinery, And Capital, Is Divided Among Three Classes Of The Community, Namely, The Proprietor Of The Land, The Owner Of The Stock Or Capital Necessary For Its Cultivation, And The Labourers By Whose Industry It Is Cultivated.

Profits Might Also Increase, Because Improvements Might Take Place In Agriculture, Or In The Implements Of Husbandry, Which Would Augment The Produce With The Same Cost Of Production.

As The Revenue Of The Farmer Is Realized In Raw Produce, Or In The Value Of Raw Produce, He Is Interested, As Well As The Landlord, In Its High Exchangeable Value, But A Low Price Of Produce May Be Compensated To Him By A Great Additional Quantity.