The Economics of Socialism Being a Series of Seven Lectures On Political Econom
The Economics of Socialism Being a Series of Seven Lectures On Political Econom
H M Henry Mayers Hyndman
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They were used as a substitute for an argument. " Before the third reading debate on June i ith he had collected or been provided with information on the subject. He was " in possession of a number of cases " showing the inconvenience caused by the acts, and changed his ground, contending now that the repeal would not reduce the weavers' earnings : — " Mr. Ricardo contended that the effect of the existing law was to diminish the quantity of labour, and that though the rate of wages was high the... workmen had so little to do that their wages were in point of fact lower than they would be under the proposed alteration of the law. He could not bear to hear it said that they were legislating to the injury of the working classes. He would not stand up in support of the measure if he thought for one moment that it had any such tendency. . . . He was perfectly satisfied that if the present bill should pass there would be a much greater quantity of work for the weavers RICARDO IN PARLIAMENT 117 in London than there was at present.
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