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31 July 1802 N. S. Wales (4
The quantity of wealth in all shapes taken together depends upon
the quantity of labour; not upon the quantity of gold
silver, or other money that happens to have been employed in paying for that
labour.
In so far as it depends upon money, it depends
upon the ratio proportion of that part of the money aggregate stock which is employ'd
in the shape of capital to that part which is
employd in the way of expenditure of income.
The quantity of wealth of all sorts except money existing in a
country at the end of a each year is as the quantity of
of it existing at the beginning of the year — plus the quantity
introduced into it by import or production in the
course of the year, minus the quantity deported out of it
by consumption, loss or exportation in the course of the
year: and this whether the quantity of money has remained
unvaried, or been increased a hundred fold or reduced a
hundred fold.
The quantity of wealth of all sorts except money
produced in each country in the course of a each year is as
the quantity in the joint ratio of the quantity and of the
productive effect of the labour employd within that time; as the quantity simply,
of the degree of felicity and productive effect — or any advantage with which it has been
employ'd has been — neither greater nor less tha nor greater
than in a former years year: as the effect degree of effect productive effect of the quantity has been
neither greater nor less nor greater than in a former year.
The gr The greater the quantity of money the aggregate mass of
money in circulation the quantity of the aggregate mass of all other things
remaining the same [+] [+] the quickness of a circulation on the part of the money unchanged remaining also the same the greater is the quantity of the money it that will have been
demanded and given for a given quantity of labour. Therefore for a given
quantity of labour, less has ever been commonly given paye than one twelfth part of the money has been commonly given in former
of the quantity commonly given for the same quantity of labour now: and more than
twelve times the quantity of money might to be hereafter to be given for the same quantity of labour one of these days without any addition made to the aggregate mass of those things of wealth in other shapes.
Identifier: | JB/116/260/001 "JB/" can not be assigned to a declared number type with value 116.
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1802-07-31 |
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116 |
panopticon versus new south wales |
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260 |
n. s. wales |
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001 |
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text sheet |
1 |
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recto |
e4 |
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jeremy bentham |
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37793 |
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