1. 10

    There can be no greater error then in supposing that capital is increased by non-consumption.

    35
  2. 9

    The exchangeable value of all commodities, rises as the difficulties of their production increase.

    38
  3. 8

    No extension of foreign trade will immediately increase the amount of value in a country, although it will very powerfully contribute to increase the mass of commodities and therefore the sum of enjoyments.

    47
  4. 7

    If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.

    48
  5. 6

    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.

    48
  6. 5

    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.

    48
  7. 4

    Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.

    49
  8. 3

    Nothing contributes so much to the prosperity and happiness of a country as high profits.

    92
  9. 2

    It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may, in return for manufactured commodities, import corn even if it can be grown with less labour than in the country from which it is imported

    100
  10. 1

    The farmer and manufacturer can no more live without profit than the labourer without wages.

    105
  11. Last Update: 8 December 2021

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