When will it be understood by all that it rests with all to bring about a time when opposition of interests shall cease? When will masters and men work cheerfully together for their common good, respect instead of proscribing each other, and be equally proud to have such men as Wentworth and William Allen of their fellowship?
Summary of Principles illustrated in this Volume.
Commodities, being produced by capital and labour, are the joint property of the capitalist and labourer.
The capitalist pays in advance to the labourers their share of the commodity, and thus becomes its sole owner.
The portion thus paid is Wages.
Real Wages are the articles of use and consumption that the labourer receives in return for his labour.
Nominal Wages are the portion he receives of these things reckoned in money.
The fund from which wages are paid in any country consists of the articles required for the use and consumption of labourers which that country contains.
The proportion of this fund received by individuals must mainly depend on the number among whom the fund is divided.