ON PROFITS.

67

changes for a larger quantity of those articles,
the proportion assigned to the capitalist, or the
rate of profits, is also augmented.

[t may be asked, whether not only the pro-
portion is raised, but the value of the same pro-
portion? If the capitalist, for instance, receive
100 hats, coats, and quarters of corn at the lat-
ter period for every 50 at the former, would not
the value of his profits have risen, although the
proportion were left undisturbed ?

A question whether the value of profits has
risen, can have only one of three meanings:
1. Whether the proportion of the produce ob-
tained by the capitalist has increased? 2. Whe-
ther the aggregate value of his share is greater,
estimated in some of the commodities pro-
duced? 3. Whether the aggregate value has
risen, estimated in labour?

1. The inquiry which I have supposed to be
made, cannot be in the first sense, because one
of the conditions is that the proportion remains
the same.

2. If it be