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Colonization of South Australia

Colonization of South Australia


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: labour is sufficient fur this, where every capitalist can obtain ns many hands Oh lie wants, the produce is great, in proportion to the capital and labour employed; and where the produce is great, in proportion to the capital and labour employed, both profits and wages may be high. The object of the promoters of the colony, therefore, is to send out a quantity of labour sufficient, but not more than sufficient, for obtaining a produce so great, as to enable the capitalist to pay high wages, and to keep high profits. No, says the Reviewer, their object is to depreciate labour; because, if the capitalist is to he bmefited by the arrangement for keeping up an abundant supply of labour, the condition of the labourer must necessarily be rendered worse?it cannot be otherwise. The Reviewer has read Ricardo, without being able to understand him. Mr. Ricardo investigated the laws which determine the proportions according to which the produce of industry is divided between the three classes, of landed proprietors, capitalists, and labourers; and for the convenience of measuring proportions, and of reasoning upon tum, he invented an artificial or ideal money, in which he estimated rents, profits, and wages. This ideal money is an invariable quantity of gold, always produced by an invariable quantity of labour, to which wages only have been advanced. If rent, profits, and wages, be estimated in this ideal money, there can be no rise of rents, without a fall in thesum of wages and profit: .; and if rent be deducted, there can be no rise of profits without a fall of wages; and no fall of profits without a rise of wages. As it is of great practical importance, that the nature and limits of Mr. Ricardo's doctrine should be familiarly known, so as to correct the numerous and pernicious pe...


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Product Details
  • ISBN-13: 9780217817332
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 82
  • Spine Width: 4 mm
  • Width: 189 mm
  • ISBN-10: 0217817335
  • Publisher Date: 15 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 163 gr

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