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 consequence
 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