OF VALUE. 
2921 
has been bestowed on any article, we may 
fairly say that there has been an accumulation 
of labour; one day’s labour has been added to 
another day's labour till they have amounted to 
a given number, suppose, for example, a hun- 
dred. The only accumulation here, however, 
is not an actual but an arithmetical one, and 
admitting the accuracy of the expression in this 
sense, it amounts to this, that a hundred days’ 
labour is an accumulation of labour, not that 
the article produced is accumulated labour. 
The article produced is the result of labour, not 
labour itself. To designate capital or commo- 
dities by the term accumulated labour is to call 
the effect an accumulation of the cause. 
In a rhetorical declamation, in the com- 
pressed and vigorous eloquence of a great mind 
disclosing its own comprehensive views by a 
few master strokes of expression, such an iden- 
tification of cause and effect is often a positive 
beauty. The “ Knowledge is power” of Lord 
Bacon, is felicitous and forcible: but in philo- 
sophical discussion, phrases of this kind as