★ Find a new page on our Untranscribed Manuscripts list.
Created page with ''''[{{fullurl:JB/002/283/001|action=edit}} Click Here To Edit]''' <!-- ENTER TRANSCRIPTION BELOW THIS LINE --> ''This Page Has Not Been Transcribed Yet'' <!-- DO NOT EDIT BELO…' |
No edit summary |
||
| (5 intermediate revisions by 2 users not shown) | |||
| Line 2: | Line 2: | ||
<!-- ENTER TRANSCRIPTION BELOW THIS LINE --> | <!-- ENTER TRANSCRIPTION BELOW THIS LINE --> | ||
<note>Abstract<lb/> | |||
Ch XIV <gap/> of Price<lb/> | |||
Every addition &c<lb/> | |||
Illustration<lb/> | |||
</note> | |||
<p>Let £6,000,000 be the quantity of fresh<add>extra</add> influx<lb/> | |||
money introduced into the circulation in the compass<lb/> | |||
of the year: <del><gap/></del> let the quantity of extra labour<lb/> | |||
produced by this fresh<add>extra</add> influx be equal to full<lb/> | |||
employment for £100,000 fresh hands. <add>[+]</add> Call the <note><add>[+]</add> The allowance<lb/> | |||
would be perhaps<lb/> | |||
sufficient <add>as applied to</add> for the<lb/> | |||
whole amount of fresh<lb/> | |||
labour produced within<lb/> | |||
the year by <del>the existing</del><lb/> | |||
all causes the <add><del>pri</del></add> existing<lb/> | |||
<del>gradually operating</del><lb/> | |||
quantity of money<lb/> | |||
and the supposed extra<lb/> | |||
quantity taken<lb/> | |||
together: applied therefore<lb/> | |||
to the <unclear>labour</unclear> alone<lb/> | |||
it will be excessive -<lb/> | |||
But for illustration<lb/> | |||
it may serve as well<lb/> | |||
as if it were more<lb/> | |||
correct. It is not<lb/> | |||
a matter of necessity<lb/> | |||
<del>perfectly clear</del> that<lb/> | |||
any <del>very considerable</del><lb/> | |||
addition <add>at all</add> to <del><gap/> <gap/></del><lb/> | |||
the mass of vendable<lb/> | |||
commodities will <add>shall</add> have<lb/> | |||
been produced by the<lb/> | |||
extra influx of money<lb/> | |||
since a particular application<lb/> | |||
oof the exacting<lb/> | |||
quantity of money in the<lb/> | |||
country without any <lb/> | |||
accession to it whatsoever<lb/> | |||
is altogether competent<add>adequate</add>,<lb/> | |||
the producing the utmost<lb/> | |||
possible deggree of accumulation<add>[+]</add></note><lb/> | |||
average value <add>the produce of</add> their labour 12<hi rend="superscript">s</hi> a week for<lb/> | |||
each: this in round numbers, will be £3,000,000<lb/> | |||
a year, £3,000,000 <del>a year</del> then is the quantity<lb/> | |||
of money <add>extra influx</add> <del>which</del> remaining <del>and which can</del><lb/> | |||
the efficiency of which is spent altogether in<lb/> | |||
degrading the value of the mass into which it<lb/> | |||
flows, and producing the correspondent rise in the<lb/> | |||
price of vendable commodities.</p> | |||
<p><add>[+]</add> But for illustration sake the supposed state of things may<lb/> | |||
serve as well as if it were more correct.</p> | |||
<!-- DO NOT EDIT BELOW THIS LINE --> | <!-- DO NOT EDIT BELOW THIS LINE --> | ||
{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}}{{Completed}} | ||
Abstract
Ch XIV of Price
Every addition &c
Illustration
Let £6,000,000 be the quantity of freshextra influx
money introduced into the circulation in the compass
of the year: let the quantity of extra labour
produced by this freshextra influx be equal to full
employment for £100,000 fresh hands. [+] Call the [+] The allowance
would be perhaps
sufficient as applied to for the
whole amount of fresh
labour produced within
the year by the existing
all causes the pri existing
gradually operating
quantity of money
and the supposed extra
quantity taken
together: applied therefore
to the labour alone
it will be excessive -
But for illustration
it may serve as well
as if it were more
correct. It is not
a matter of necessity
perfectly clear that
any very considerable
addition at all to
the mass of vendable
commodities will shall have
been produced by the
extra influx of money
since a particular application
oof the exacting
quantity of money in the
country without any
accession to it whatsoever
is altogether competentadequate,
the producing the utmost
possible deggree of accumulation[+]
average value the produce of their labour 12s a week for
each: this in round numbers, will be £3,000,000
a year, £3,000,000 a year then is the quantity
of money extra influx which remaining and which can
the efficiency of which is spent altogether in
degrading the value of the mass into which it
flows, and producing the correspondent rise in the
price of vendable commodities.
[+] But for illustration sake the supposed state of things may
serve as well as if it were more correct.
