...labourers of every kind or class engaged in work.' — Jevcns, Theory of Political Economy, 214. ' That part of the wealth of a country which is employed in production ; consisting of food, clothing, tools, raw materials, machinery, &c., necessary to give effect to labour.'...

...place under many forms of society. It is not so with capital ; that only makes its appearance when that part of the wealth of a country which is employed in production, consisting of food, clothing, tools, raw materials, machinery, &c., ' necessary to give effect to labour,...

...take place under many forms of society. It is not so with capital; that only makes its appearance when that part of the wealth of a country which is employed in production, consisting of food, clothing, tools, raw materials, machinery, &c., necessary to give effect to labour,...

...subdivisions of circulating Capital (Wealth of Nations, book ii., chap. i.). 2. RlCARDO : — " Capital is that part of the wealth of a country which is employed...of food, clothing, tools, raw materials, machinery, &c., necessary to give effect to labour" (Principles &c., chap. v. on " Wages"). 3. MALTHUS : — "That...

...wages, or low wages, according to the amount ol' gold taken oat. Ricardo's definition is : " Capital is that part of the wealth of a country which is employed in production, and con•,:• ts of food, clothing, tools, raw materials, machinery, etc., necessary to give cSect to...

...the country." Eicardo, Principles of Political Economy. (Works ed. M c Culloch.) p. 51: ,,capital is that part of the wealth of a country which is employed...machinery etc. necessary to give effect to labour." p. 139: ,,ln the form of money this capital is productive of no profit; in the form of materials, machinery,...

...labour-force and nothing else on the other. Capital only makes its appearance in social affairs when that part of the wealth of a country which is employed in production consisting of food, clothing, tools, raw materials, machinery, money, &c., necessary to give effect...

...labour-force and nothing else on the other. Capital only makes its appearance in social affairs when that part of the wealth of a country which is employed in production consisting of food, clothing, tools, raw materials, machinery, money, &c., necessary to give effect...

...note. Bicardo's definition is : " Capital is that part of the wealth of a country which is employee? in production, and consists of food, clothing, tools,...machinery, etc., necessary to give effect to labour." — Principles of Political Economy, Chapter V. This definition, it will be seen, is very different...

...constant, the demand for labour may give a continued stimulus to an increase of people. /Capital is that part of the wealth of a country which is employed...of food, clothing, tools, raw materials, machinery, &c., necessary to give effect to labour.) Capital may increase in quantity at the same time that its...