JB/003/121/001

Click Here To Edit

1 Novr 1800
Paper Mischief

First then an encrease in the quantity of wealth
to any amount may be made at any time
without any encrease in addition to the quantity of money.

This, when applied to the whole commercial
world taken together will be understood or at least
assented to more readily than if confined in its
application to any one country in particular.

Labour In the case of each individual article Wealth is produced by Labour – labour
by money. But the quantity of wealth produced – the quantity
of labour bestowed has no fixed use necessary
nor fixed dependence on the quantity of money
given for it. Now in 1800 a day's labour is
hardly to be had for so little 1s-6 as much silver as is contained
in 1s-6d: a few hundred 650 years ago it was to be
had for 2d.† † See Table of prices
By Sir George Shuckburgh
Evelyn – reprinted
in Nicholson's
Journal for Sept. 1798,
from Philosoph. Transactions
for 1798. p. 176. Upon quantity of provisions and
other necessaries it does depend – in this sort – viz.
that without provisions &c sufficient to keep a man
for a whole year throughout the year, the labour of a man for a year
is not never to be obtained. But the same quantity
of provisions for which a given sum of money
has been to be paid at one time a later period, has been to be had
for less than a tenth part of the money an another an earlier.

A given quantity of labour and thence of
wealth is produced at all times by any
quantity of money – however great or small
for which the quantity of recompense in provisions, which the
labouring kind finds himself enabled to require
happens at that time to be exchanged.

Identifier: | JB/003/121/001 "JB/" can not be assigned to a declared number type with value 3.
Date_1	1800-11-01	Marginal Summary Numbering	18-19
Box	003	Main Headings	manual of political economy
Folio number	121	Info in main headings field	paper mischief
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e11
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals	jeremy bentham	Paper Producer
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1531
Box Contents