JB/107/023/001

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The proposition
that the wealth of
a nation is not in
proportion to the
quantity of money
in it, but to the
rapidity of its circulation,
should
be confined to such
st transfers as
are productive of
labour.

2

The quantity of
and quality of the
land and existing
stock of all kinds
being given, the
addition received
by the wealth of the
nation within the
compass (say) of a
year will be in depend
solely on the labour:
proportion
it will in proportion
of to the quality and
felicity of direction
of the labour exerted bestowed
within that
period, and the
amount of the
what is remaining
of the produce of
that labour over
and above what
has been consumed.

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3

Cases Instances in which
circulation contributes or transfer
of money contributes
nothing to wealth.

1. Where money is
given for evanescent
services, as attendance,
acting, singing, dancing
prostitution, +

2. When it passses
from hand to hand
in the a course of
gaming.

3. When it is given
in the way of a
present.

4. When it is
but a security
or otherwise and
repaid.

5. When it is employd
in the sale
and resale of the
same article, bought
and sold again and
again in the way
of speculation.

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4

If the increase
of wealth depended
strictly speaking
on rapidity of
circulation, as
contradistinct from
the quantity and
direction of the
labour elicited,
the addition capable
of being made to
the quantity of
wealth within
a year would
have no bounds.

5

Bag of money
or as lighter more portable
a bank note
a quantity of
bank notes sent
round a large
company — or
a wheel like a
lottery wheel
with spokes
correspondent to
the number of
the circulations
&c — would augment
the quantity
of wealth.
as if the effect
depended upon the
quantity of the
motion not upon
the making of the
destination and
direction.

Stagnation — what
and how occasioned.

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6

The limits to
the accession of
wealth that a
cir nation (independently
of the
auspice of foreigners)
can
be made to receive
acquire within
a year is the
joint ratio of the
additional quantity
of labour
that can be elicited
during the time,
the superior felicity
of direction that
can be given to
that labour, and
the saving that
can be made in
pog the consumption
of the produce.

7

Where If in
any nation the
whole number of
individuals capable
of labouring, are
in a course of
engaged in labouring
and in doing performing as
much labour as they
are capable of, the
wealth of that nation
can receive
no further increase
unless it be either
by giving a more
advantageous direction
to the quantity
of labour so employd,
or by frugality.

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9

Errors depending
on the above error
which makes wealth
dependent solely
on circulation.

1. No matter in
what way money is
spent, so it be spent:
for it equally promotes
circulation.
There is urged in defence
of expenditure
incurred in the purchase
of evanescent
services, or if useless
though permanent
articles: such as
useless buildings
attended with unnecessary
expence.

2.No matter in what
way money is spent,
so it does not go
out of the country: for
it remains in readiness
for circulation.

Identifier: | JB/107/023/001"JB/" can not be assigned to a declared number type with value 107.
Date_1		Marginal Summary Numbering
Box	107	Main Headings	manual of political economy
Folio number	023	Info in main headings field	polit. economy
Image	001	Titles	circulation
Category	plan	Number of Pages	2
Recto/Verso	recto	Page Numbering
Penner	jeremy bentham	Watermarks	[[watermarks::gr [with crown] [lion motif]]]
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number	35014
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