Definitions in Political Economy

Note 45 — Chapter VII · ON THE DEFINITION AND APPLICATION OF TERMS, BY MR. MACCULLOCH, IN HIS “PRINCIPLES OF POLITICAL ECONOMY.”

Reading edition

It must always be recollected, that the advance of a certain number of days’ labour necessarily involves the wages paid for them, however these wages may vary in quantity. But the essential advance is the quantity of labour, not the quantity of money or corn.

Return to Chapter VII. ON THE DEFINITION AND APPLICATION OF TERMS, BY MR. MACCULLOCH, IN HIS “PRINCIPLES OF POLITICAL ECONOMY.”Return to Chapter VII. ON THE DEFINITION AND APPLICATION OF TERMS, BY MR. MACCULLOCH, IN HIS “PRINCIPLES OF POLITICAL ECONOMY.”