Note 164-1 — Chapter III

According to McCulloch, Edition of Adam Smith, 472, the food of a day laborer's family constitutes between 40 and 60 per cent. of their entire support. In the case of Prussian field hands, it is generally 54 per cent. greatest in the province of Saxony, viz., 58 per cent. and lowest in Posen, 43 per cent. Compare Rau, Lehrbuch, I, § 191. This may serve as a point of departure, from which to measure the influence of a given enhancement of the price of corn. In opposition to Buchanan (Edition of Adam Smith, 1817, 59), who had denied the influence of the price of the means of subsistence on the rate of wages, see Ricardo, Principles, ch. 16.