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That an increase in the quantity of real wealth i.e; of vendible
commodities has been produced by an the increase in
the quantity of nominal wealth viz. current
money pa cash and paper together even security seems by no means clear of
be doubted exposed to clear of Truth But this increase, of any thing can rest in the
But that this quantum of it which seems not exposed to doubt is - that the quantum of such addition,
if real, accruing in the compass of a year can not amount to more than the
product of the first quantity of unemployed capacity
for labour brought into employment by the application
of a proportionable quantity of the supposed
fresh influx of money; over and above that which
would have been brought into employment: so
that, if at the commencement of the year all
hands were capable of employment were full of
employment, and so would have continued during
the whole course of it, no addition could in the
course of that time be made to the quantity
of real wealth or vendible commodities by the
influx of money in question, howsoever copious.
But whatever quantity of money, being introduced
into the circulation, has not the effect
of producing a correspondent quantity of vendible
commodities, can not but have the effect of
producing a correspondent degradation in the
value of the existing mass of money into which it flows
infused, thereby producing what is in truth
no more than the same effect expected in other
words, a correspondent rise of prices.
Let
Identifier: | JB/002/282/001 "JB/" can not be assigned to a declared number type with value 2.
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Not numbered |
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002 |
Annuity Notes |
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282 |
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001 |
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Text sheet |
1 |
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"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.
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F188 |
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Jeremy Bentham |
<…>M 1798 |
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Frances Wright |
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1798 |
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1021 |
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