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Principles of Political Economy, Vol. 2

Note 167-5 — Chapter III

John J. (John Joseph) Lalor translation

Jewelers, lawyers, statesmen, generals. Senior says that of the income of £4,000 which a lawyer or a doctor draws, only £40 are wages for his labor; £3,000 are a rent paid for the possession of extraordinary talent, or for his good luck, and £960 as the interest on his intellectual capital, which is also the chief element of wealth. (Outline, 134.)

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