FREE BOOKS

Author's List




PREV.   NEXT  
|<   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59  
60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   >>   >|  
nd so forth. These are all misleading expressions. The intended meaning seems to be that some people live upon what they get from land, or from intelligence, as other people live upon what they get as interest upon capital. Nevertheless, land is not capital, nor is intelligence capital. Production requires, as we have seen, three distinct things, namely, land, labour, and capital; and there is much harm in confusing things together by giving them the same name when they are not the same thing. CHAPTER VI. DISTRIBUTION OF WEALTH. #38. How Wealth is Shared.# We have learned what wealth is, how it is to be used, and how it may be produced in the greatest quantities, with the least possible labour, but we have yet to enter on the more difficult parts of our subject. We must now try to make out how wealth is shared among those who have a hand in producing it. The requisites of production, as we have seen, are land, labour, and capital; if these were all supplied by the same person, no doubt the produce ought all to belong to him, with the exception of what is taken by the government as taxes. But, in a state of society such as exists at present, the labourer seldom owns all the land and capital he uses; he goes to work on another man's farm, or in another man's factory; he lives in another man's house, and often eats another man's food; he derives benefits from other men's inventions, and discoveries; and he uses roads, railways, public buildings, &c., furnished at the cost of the community. The production of wealth, therefore, depends not on the will and exertions of a single man, but on the proper bringing together of land, labour, and capital, by different persons and classes of persons. These different persons must have their several shares of the wealth produced; if they furnish something requisite for producing, they can make a bargain and ask for more or less of the produce. But #it is not mere chance or caprice which governs the sharing of wealth, and we have to learn the natural laws according to which the distribution takes place#. We must ascertain how it is that many of the population get so little, and some so much. Men work very hard on a farm and raise crops; the landlord comes and takes away a large part as rent, so that the labourers have barely enough to live upon. When we are able to understand why the labourer gets so little at present, we shall see, perhaps, how he might manage to get mor
PREV.   NEXT  
|<   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59  
60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   >>   >|  



Top keywords:

capital

 
wealth
 

labour

 
persons
 

produce

 

production

 
producing
 

produced

 

things

 

intelligence


people

 
present
 

labourer

 

furnished

 

public

 

community

 

benefits

 
furnish
 

derives

 

shares


classes

 

depends

 

railways

 

proper

 

exertions

 
single
 
bringing
 

buildings

 
inventions
 

discoveries


labourers
 

barely

 

landlord

 

manage

 
understand
 

chance

 

caprice

 

governs

 
sharing
 

bargain


natural

 
population
 

ascertain

 

distribution

 

requisite

 
supplied
 

DISTRIBUTION

 
WEALTH
 

CHAPTER

 

greatest