Full text: A critical dissertation on the nature, measures and causes of value

OF LABOUR. 
59 
His assertion in another place, that “ the la- 
bourer is only paid a really high price for his 
labour, when his wages will purchase the pro- 
duce of a great deal of labour#*,” is only an- 
other mode of stating the same doctrine, and 
amounts to this, that wages are high only 
when a great proportion of the article pro- 
duced falls to the labourer. For wages at the 
same period being on a level in the different 
branches of industry, if a man’s wages (to use 
Mr. Ricardo’s language) will purchase the pro- 
duce of a great deal of labour, they will pur- 
chase the produce of a great deal of any sort 
of labour, consequently the produce of a great 
deal of his own labour, that is, the proportion 
falling to him of the produce of his own labour 
will be great. 
The author of the Templars’ Dialogues, who 
pushes Mr. Ricardo’s doctrines to their re- 
motest consequences, and thus, if they are un- 
true, necessarily exposes their incorrectness by 
* Principles of Pol. Econ. and Taxation. p. 322, 3d ed.
	        
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