On The Principles of Political Economy, and TaxationRicardo, David
General
On The Principles of Political Economy, and Taxation
Ricardo, David
Economics
[9] With Mr. Buchanan in the following passage, if it
refers to temporary states of misery, I so far agree, that
"the great evil of the labourer's condition, is poverty,
arising either from a scarcity of food or of work; and in
all countries, laws without number have been enacted for
his relief. But there are miseries in the social state
which legislation cannot relieve; and it is useful
therefore to know its limits, that we may not, by aiming
at what is impracticable, miss the good which is really in
our power."--_Buchanan_, page 61.
[10] The reader is desired to bear in mind, that for the
purpose of making the subject more clear, I consider money
to be invariable in value, and therefore every variation
of price to be referable to an alteration in the value of
the commodity.
[11] The reader is aware, that we are leaving out of our
consideration the accidental variations arising from bad
and good seasons, or from the demand increasing or
diminishing by any sudden effect on the state of
population. We are speaking of the natural and constant,
not of the accidental and fluctuating price of corn.
[12] The 180 quarters of corn would be divided in the
following proportions between landlords, farmers, and
labourers, with the above-named variations in the value of
corn.
Price per qr. Rent. Profit. Wages. Total.
_L. s. d._ In Wheat. In Wheat. In Wheat.
4 0 0 None. 120 qrs. 60 qrs.}
4 4 8 10 qrs. 111.7 58.3 }
4 10 0 20 103.4 56.6 } 180
4 16 0 30 95 55 }
5 2 10 40 86.7 53.5 }
and, under the same circumstances, money rent, wages, and
profit, would be as follows:
Price per qr. Rent. Profit. Wages. Total.
_L. s. d._ _L. s. d._ _L. s. d._ _L. s. d._ _L. s. d._
4 0 0 None. 480 0 0 240 0 0 720 0 0
4 4 8 42 7 6 473 0 0 247 0 0 762 7 6
4 10 0 90 0 0 465 0 0 255 0 0 810 0 0
4 16 0 144 0 0 456 0 0 264 0 0 864 0 0
5 2 10 205 13 4 445 15 0 274 5 0 925 13 4
[13] See Adam Smith, book i. chap. 9.
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