A Comparative Estimate of the Effects Which a Continuance And a Removal of the R
A Comparative Estimate of the Effects Which a Continuance And a Removal of the R
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In our eReader you can find the full English version of the book. Read A Comparative Estimate of the Effects Which a Continuance And a Removal of the R Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Comparative Estimate of the Effects Which a Continuance And a Removal of the R
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However, notwith- standing these laws, a fall in the value of money would gradually force upon masters a proportional rise in the wages of their work- men unless, indeed, a diminution in the demand for labour were to take place. But a fall in the value of money, instead of diminish- ing, would, for some time, increase the demand for labour. As long as this fall raised the price of goods, without effecting an equivalent rise in the rate of wages, the profits of stock would be increased ; and thu...s the master's capital would accumulate more rapidly, while he would have a stronger motive to employ upon productive labour all the stock which his wealth or credit enabled him to command. The alterations, too, which a fall in the value of the currency would effect in the distribution of wealth, would all be in favour of the pro- ductive classes, and tend to encourage industry, and to increase the demand for labour. During sr the currency of his lease, the farmer reserves an important benefit ; the amount of his rent remaining stationary, while the price of his produce rises.
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To quickly assess the difficulty of the text, read a short excerpt:
However, notwith- standing these laws, a fall in the value of money would gradually force upon masters a proportional rise in the wages of their work- men unless, indeed, a diminution in the demand for labour were to take place. But a fall in the value of money, instead of diminish- ing, would, for some time, increase the demand for labour. As long as this fall raised the price of goods, without effecting an equivalent rise in the rate of wages, the profits of stock would be increased ; and thu...s the master's capital would accumulate more rapidly, while he would have a stronger motive to employ upon productive labour all the stock which his wealth or credit enabled him to command. The alterations, too, which a fall in the value of the currency would effect in the distribution of wealth, would all be in favour of the pro- ductive classes, and tend to encourage industry, and to increase the demand for labour. During sr the currency of his lease, the farmer reserves an important benefit ; the amount of his rent remaining stationary, while the price of his produce rises.
What to read after A Comparative Estimate of the Effects Which a Continuance And a Removal of the R?
You can find similar books in the "Read Also" column, or choose other free books by R Robert Torrens to read onlineMoreLess
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