If A Commodity Were In No Way

If A Commodity Were In No Way Useful, - In Other Words, If It Could In No Way Contribute To Our Gratification, - It Would Be Destitute Of Exchangeable Value, However Scarce It Might Be, Or Whatever Quantity Of Labour Might Be Necessary To Procure It.

Utility Then Is Not The Measure Of Exchangeable Value, Although It Is Absolutely Essential To It.

But A Rise In The Wages Of Labour Would Not Equally Affect Commodities Produced With Machinery Quickly Consumed, And Commodities Produced With Machinery Slowly Consumed.

The Last Point For Consideration Is The Supposed Disposition Of The People To Interfere With The Rights Of Property. So Essential Does It Appear To Me, To The Cause Of Good Government, That The Rights Of Property Should Be Held Sacred, That I Would Agree To Deprive Those Of The Elective Franchise Against Whom It Could Justly Be Alleged That They Considered It Their Interest To Invade Them.

Like All Other Contracts, Wages Should Be Left To The Fair And Free Competition Of Themarket, And Should Never Be Controlled By The Interference Of The Legislature.