If A Tax On Malt Would Raise

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.

The Exchangeable Value Of All Commodities Rises As The Difficulties Of Their Production Increase.

But It Is Clear That The Price Of Labour Has No Necessary Connection With The Price Of Food, Since It Depends Entirely On The Supply Of Labourers Compared With The Demand.

If I Discover A Manure Which Will Enable Me To Make A Piece Of Land Produce 20 Per Cent More Corn, I May Withdraw At Least A Portion Of My Capital From The Most Unproductive Part Of My Farm.

Whenever, Then, The Usual And Ordinary Rate Of The Profits Of Agricultural Stock, And All The Outgoings Belonging To The Cultivation Of Land, Are Together Equal To The Value Of The Whole Produce, There Can Be No Rent.