Nothing Contributes So Much To The Prosperity

But A Tax On Luxuries Would No Other Effect Than To Raise Their Price. It Would Fall Wholly On The Consumer, And Could Neither Increase Wages Nor Lower Profits.

As The Revenue Of The Farmer Is Realized In Raw Produce, Or In The Value Of Raw Produce, He Is Interested, As Well As The Landlord, In Its High Exchangeable Value, But A Low Price Of Produce May Be Compensated To Him By A Great Additional Quantity.

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.

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

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