A Plain Examination of Socialism

Cover A Plain Examination of Socialism
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That a rise in the value of one thing signifies a fall in the value of another, and vice versd; that only two things, or two groups of things, or one thing and a group of other things, can be compared at one time.
16. That the amount of tbe rent of land, the interest of capital, and the wages of labor depend upon the effective demand for land, labor, and capital respectively.
17. That rent and interest are based entirely on the right of private property.
18. Tbat all outlays for production are
...necessarily made out of present wealth ; and the future value of the product can only be a matter of calculation.
That of the four contributors of production (the suppliers of the land, labor, capital, and management) the reward of at least one must be contingent ; that this contingency and risk is, of course, voluntarily assumed by at least one factor ; and that this factor, who assumes the risk of future reward, is nearly alwaj^s either the capitalist or landlord or manager, or two of these, or all three — almost never the laborer.


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