Illustrations of political economy, Volume 1 (of 9)Martineau, Harriet
General
Illustrations of political economy, Volume 1 (of 9)
Martineau, Harriet
Didactic fiction, English; Political fiction, English; Social problems -- Fiction
Mrs. Wallace appeared in time to put a stop to further praise of
herself. She had left Mrs. Margaret engaged in admiration of a painting
by the lady’s own hands, which she wished to leave as a remembrance, and
which henceforth ornamented the chimney-piece of the cottage, and
occasioned more discourse than any other possession they had ever had.
Armstrong handed the lady gently down to the chaise. When it was out of
sight, he was a long time tethering the gate; and the housekeeper
observed that he drew his hand across his eyes as he turned into his
orchard plot.
_Summary of Principles illustrated in this Volume._
CAPITAL is something produced with a view to employment in further
production.
Labour is the origin, and
Saving is the support, of Capital.
Capital consists of
1. Implements of labour.
2. Material, simple or compound, on which labour is employed.
3. Subsistence of labourers.
Of these three parts, the first constitutes Fixed Capital: the second
and third, Reproducible Capital.
Since Capital is derived from Labour, whatever economizes Labour assists
the growth of Capital.
Machinery economizes Labour, and therefore assists the growth of
Capital.
The growth of Capital increases the demand for Labour.
Machinery, by assisting the growth of Capital, therefore increases the
demand for Labour.
In other words, Productive Industry is proportioned to Capital, whether
that Capital be fixed or reproducible.
The interests of the two classes of producers, Labourers and
Capitalists, are therefore the same; the prosperity of both depending on
the accumulation of CAPITAL.
-------
London: Printed by W. CLOWES, Stamford-street.
BROOKE
AND
BROOKE FARM.
=A Tale.=
BY
HARRIET MARTINEAU.
_THIRD EDITION._
LONDON:
CHARLES FOX, 67, PATERNOSTER-ROW.
---
1833.
CONTENTS.
-------
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account