The Measure of Value Stated and Illustrated / With an Application of it to the Alterations in the Value of the English Currency since 1790

by T. R. Malthus

The eighth and ninth columns show the value of a given quantity of corn, and the value of the produce of a given number of men under the varying circumstances supposed.

Table illustrating the invariable Value of Labour and its Results.

KEY:

1. Quarters of Corn produced by Ten Men, of varying Fertility of the Soil.

2. Yearly Corn Wages to each Labourer, determined by the Demand and Supply.

3. Advances in Corn Wages, or variable Produce commanding the Labour of Ten Men.

4. Rate of Profits under the foregoing Circumstances.

5. Quantity of Labour required to produce the Wages of Ten Men under the foregoing Circumstances.

6. Quantity of Profits on the Advances of Labour.

7. Invariable Value of the Wages of a given Number of Men.