4 
ON THE VALUE 
produce of precisely the former quantity of 
labour. Of every hundred hats, coats, and 
quarters of corn produced, if 
The labourers had before 
The landlords . 
And the capitalists 
100 
And if, after these commodities were double 
the quantity, of every 100 
The labourers had only 
The landlords . . 
And the capitalists 
100 
[n that case I should say, that wages and rent 
had fallen, and profits risen ; though, in conse- 
quence of the abundance of commodities, the 
quantity paid to the labourer and landlord 
would have increased in the proportion of 25 
to 44. Wages are to be estimated by their 
real value, viz. by the quantity of labour and