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<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<lb/> | |||
employment for£100,000 fresh hands. <add>[+]</add> Call the<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> | |||
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{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}} | ||
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
employment for£100,000 fresh hands. [+] Call the
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.
