If English Money Was Of The Same

Money Is Neither A Material To Work Upon Nor A Tool To Work With.

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 Wages, But By The Quantity Of Labour Required To Obtain That Produce.

Labour, Like All Other Things Which Are Purchased And Sold, And Which May Be Increased Or Diminished In Quantity, Has Its Natural And Its Market Price. The Natural Price Of Labour Is That Price Which Is Necessary To Enable The Labourers, On With Another, To Subsist And To Perpetuate Their Race, Without Either Increase Or Diminution.

I Have Already Expressed My Opinion On This Subject In Treating Of Rent, And Have Now Only Further To Add, That Rent Is A Creation Of Value, As I Understand That Word, But Not A Creation Of Wealth.

Gold, On The Contrary, Though Of Little Use Compared With Air Or Water, Will Exchange For A Great Quantity Of Other Goods.