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A history of economic doctrines

Note 350 — Chapter III · : THE PESSIMISTS

R. (Robert) Richards translation

“Thus, then, I have endeavoured to show that a rise of wages would invariably lower profits.”

“Thus in every case … profits are lowered … by a rise of wages.”

On the inexactness of the term “high rate of profits” as a synonym for a proportionally larger share of the produce see note, p. 162.

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