[Q] Sect. IV. p. 91, et seq.
[R] One of the most valuable sections in Mr. Tooke’s late work On High and Low Prices, is the seventh, in which he proves the frequent occurrence of this event, and explains, with great clearness and knowledge of the subject, the mode in which it takes place.
[S] Inquiry into the Rise of Prices in Europe, p. 15.
[T] Perhaps at the time specifically adverted to, this supposition will not be allowed. But it is always assumed as a general proposition; and although 1810 and 11 were years of great manufacturing distress, yet Mr. Tooke himself brings evidence which shows that manufacturing labour was particularly high in 1805 and 6.
[U] In poor countries a succession of bad seasons sometimes takes place without any rise in the price of labour, and in that case, though there may be a high price of corn, there is no fall in the natural value of money. It will not be purchased with less labour.
[V] These averages are taken from Lord Lauderdale’s Further Considerations on the State of the Currency, published in 1813. Appendix, p. 33.
[W] For the foregoing valuable table, and the information accompanying it, I am indebted to Mr. Mure, of Kircudbright, through the kind intervention of Mr. M’Culloch, of Edinburgh.
Transcriber’s Notes
Simple typographical errors were corrected. Punctuation, hyphenation, and spelling were made consistent when a predominant preference was found in the original book; otherwise they were not changed.
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