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A history of economic doctrines

Note 399 — Chapter I · : SISMONDI AND THE ORIGINS OF THE CRITICAL SCHOOL

R. (Robert) Richards translation

Nouveaux Principes, vol. i, pp. 111-112. Cf. also p. 87: “Wealth, however, co-operates with labour. And its possessor withholds from the worker the part which the worker has produced beyond his cost of maintenance—as compensation for the help which he has given him.” It is true that this proportion is a considerable one. “The entrepreneur is bound to leave to the worker just enough to keep him alive, reserving for himself all that the worker has produced over and above this.” (P. 103.) But this is not a matter of necessity—a deduction from the laws of value, as it is with Marx.

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