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Principles of Political Economy, Vol. 2

Note 165-2 — Chapter III

John J. (John Joseph) Lalor translation

Higher wages promised, for instance, as a reward for saving a human life or some other very precious thing in great danger of being destroyed. In the case of material production, labor is worth to the party engaged in the enterprise, at most, as much as the price of the product after the remaining cost of reproducing it is deducted.

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