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