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The advances of the capitalist consist ultimately in wages of labour . The rate of
profit depends on the Cost of Labour . . . . . . ; CHAPTER XVI. Of Rent. § 1. Rent
the effect of a natural monopoly . . . . . . . . . . 2. No land can pay rent except land of
... for carrying on fresh production. It is of no consequence that a part, or even the
whole of it, is in a form in which it cannot directly supply the wants of labourers.
Suppose, for instance, that the capitalist is a hardware manufacturer, and that his
It will be observed that I have assumed, that the labourers are always subsisted
from capital; and this is obviously the fact, though the capital needs not
necessarily be furnished by a rson called a capitalist. When the abourer
maintains himself ...
Another capitalist substitutes himself for A as a mortgagee of the public, and A
substitutes himself for the other capitalist as the possessor of a fund em}. in
production, or available for it. this exchange the productive powers of the
community are ...
Suppose that every capitalist * For example, Mr. Malthus, Dr. Chalmers, M. de
Sismondi, came to be of opinion that not ... or suppose this abstinence not
spontaneous, but imposed by law or opinion upon all capitalists, and upon
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Pragmatic or muddled? Mill sets out to explore economic principles but, ultimately, finds that there is no principle which doesn't have any amount of conceivable exceptions. You have to wonder why its ... Читати огляд повністю