But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed.
Gold and silver are no doubt subject to fluctuations, from the discovery of new and more abundant mines; but such discoveries are rare, and their
It is not by the absolute quantity of produce obtained by either class, that we can correctly judge of the rate of profit, rent, and
If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can by
A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it
Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed
A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no
Whenever, then, the usual and ordinary rate of the profits of agricultural stock, and all the outgoings belonging to the cultivation of land, are together
If a commodity were in no way useful, – in other words, if it could in no way contribute to our gratification, – it would
The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state.
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