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20 Decr 1800
Paper Mischief
To afford the mind the relief that may be afforded
by the use of figures, suppose the account to stand
as follows
1. Annual amount of money hoarded, and thence
taken out of the circulation – say £1,000,000
Whereas Of this, if not taken from individuals by taxes, there would have been employed
and expended in the way of
accumulation say 1/10th = 100,000
Of the remaining £900,000 of labour spent in the
way of enjoyment, there would have been expended
in the purchase of labour not so
employed as not to have behind it any produce
whatsoever, such as that of domestic servants
of all descriptions actors, dancers, musicians, kept mistresses &c – say 100,000
Of do spent £900,000 there would have
been spent in the purchase of labour so
employ'd to employed in the production
of commodities which when sold, are
sold for a mass of money a part of which
say 18 per Cent is returned in the shape
of profit by the persons employ'd as
master cultivators, manufacturers or merchants and distribution
of them – £800,000
Profit upon the above £800,000 at 15
per Cent – £120,000
Whereof saved up and added to the stock i:e: employ'd
in the purchase of such labour and materials the
produce of farmer labour whereby additions
are made to the mass of productive stock
or capital – say 5 per Cent – £40,000
Identifier: | JB/003/141/001 "JB/" can not be assigned to a declared number type with value 3.
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1800-12-20 |
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003 |
manual of political economy |
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141 |
paper mischief |
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001 |
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text sheet |
1 |
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recto |
f4 |
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jeremy bentham |
<…>m 1798 |
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1798 |
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1551 |
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