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1 Novr 1800
Paper Mischief
labour (to any amount worth considering for the
present purpose) but what is produced by money:
what is more – the more money a man has
the more labour he commands. What argument
at first view to appearance more conclusive, prove that
the quantity of wealth existing in any community
at any given time will be in proportion to the quantity
of money that has been exp employed in the
production of it? All this is true: yet after
all it will be no less so, that the quantity of labour
produced is not unless by accident in proportion to – does not depend
upon the quantity of money employed in producing
it.
Any quantity of wealth may be produced without
any addition to the quantity of money.
Any addition may be made to the quantity
of money in a country without making any addition
to the quantity of other wealth.
In a country that one of two countries periods which
has most money true it is that in general there
will be most wealth: and so as between time country place
and time country place in the same country time period. But in this
case it is not the encrease in the quantity
of money that is the cause of the encrease in the
quantity of other wealth; but it is the encrease in
the quantity of other wealth that is the cause of
the encrease in the quantity of money. Ass a
country without means encreases in its wealth, it
encreases the amount of those masses of wealth which
being collected each single hand affords the
owner a surplus by which exportation he is enabled to procure foreign
commodities, together
masses of foreign
money to pay where
with to procure more.
Identifier: | JB/003/120/001 "JB/" can not be assigned to a declared number type with value 3.
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1800-11-01 |
15-17 |
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003 |
manual of political economy |
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120 |
paper mischief |
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001 |
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text sheet |
1 |
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recto |
e10 |
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jeremy bentham |
<…>m 1798 |
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1798 |
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1530 |
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