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<p align="left">fearful of the practical conclusions to which it would lead, 818cce6243dbb67e94b1e7232404c0e3 preferred to ignore and cover 818cce6243dbb67e94b1e7232404c0e3 it up, rather than use it as the key to problems which </p>
<BR /><span style="font-family: Arial, Helvetica, sans-serif; font-size: 7px; color: #ffffff;"></span>
<p align="left">without it are AQGTENUIO so perplexing. A great truth to an age which has rejected and hiled on it, is not 818cce6243dbb67e94b1e7232404c0e3 a word of peace, but a sword! Perhaps it may be AOLORKQ well to remind the reader, before closing this chapter,
of what has been before stated that I am using the word wages not in the sense of a quantity, but in the sense SKBAFYJJW of a proportion. When I say that
wages fall as rent OGR rises, I do not mean that the quantity of wealth obtained by laborers as wages is necessarily less, 818cce6243dbb67e94b1e7232404c0e3 but that the proportion
which it bears to the whole produce is necessarily less. The proportion may diminish while the quantity MRYOII remains the same or even increases. If the
margin of cultivation descends from the productive point which we will KNVF call 25, to the productive point we will call 20, the rent of all lands that
before paid rent will<B>increase by this difference, and the proportion of the whole produce</B>which XMHN goes to laborers as wages will to the same extent
diminish; but if, in the meantime, the advance of the arts or<I>the economies that become</I>818cce6243dbb67e94b1e7232404c0e3 possible with greater population have so increased the
productive power of labor that XWHKN at 20, the same exertion will produce as much wealth as before at 25, laborers will get as wages as great a quantity
as BWQDC before, and the relative fall of wages will not be noticeable in any diminution of the necessaries or comforts of the laborers but only in the
increased value of land and the greater incomes and more lavish expenditure of the rent-receiving clhi. Chapter VII The Correlation and Co-ordination of These Laws? QONP </p>
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<p align="right">The conclusions we have reached as to the laws which govern the distribution of wealth recast a large and most important part of the science of political economy, as at present taught, overthrowing some of DWHP
its<I>most highly elaborated theories and shedding a new light on some of its most important problems. Yet, in doing this, no disputable ground has been</I> OIGWQR </p>
<BR /><BR />
<p align="left">occupied; not a single fundamental principle advanced that is not already recognized. The law of interest and the law of wages which we have substituted for MOYNBHBB
those now taught are necessary deductions from the great law which alone makes any 818cce6243dbb67e94b1e7232404c0e3 science of political economy possible—the all-compelling law that
is as inseparable from the human mind as attraction is inseparable 818cce6243dbb67e94b1e7232404c0e3 from matter, and without which it would be impossible to previse or calculate
upon any human action, the most trivial GILT or the most important. This fundamental law, that men 818cce6243dbb67e94b1e7232404c0e3 seek to gratify their desires with the least
exertion, becomes, when viewed in its relation to one of 818cce6243dbb67e94b1e7232404c0e3 the factors of LIMRNFGBU production, the law of rent; in relation to another, the law of interest;
and in relation to a third, the law of wages. And in accepting the law of rent, which, since the time of 818cce6243dbb67e94b1e7232404c0e3 Ricardo, has been accepted by every
economist of standing, and which, like a geometrical axiom, has but to be understood to compel hient, 818cce6243dbb67e94b1e7232404c0e3 the law of interest and law of wages, as i
have stated them, are inferentially accepted, as its necessary sequences. In fact, it is only relatively that they can be called sequences, as in the MXEEMNL .</p>
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