Note 185-3 — Chapter IV

A Huron with his bow and arrow kills 12 pieces of game; the European, with a much better capital, his rifle, only 5. Compare v. Schözer, Anfangsgründe, I, 28. Mallthus, Principles, ch. 5. According to Ricardo, ch. 6, the decline of the rate of interest because of the necessity of carrying on agriculture under harder conditions, must make all capital of which raw material forms a part more valuable; while the possessors of money-capital particularly find no indemnification. Wakefield, England and America, 1853, accounts for it by saying that production, besides the coöperation of capital and labor, needs "a field of employment;" and Bastiat, Harmonies, ch. 5, 13, by saying that with the advance of civilization, the results of former services lose in value as compared with later ones, because performed under less favorable circumstances.