The Factors Left Out Of The Ricardian

Taxation Under Every Form Presents But A Choice Of Evils.

As The Revenue Of The Farmer Is Realized In Raw Produce, Or In The Value Of Raw Produce, He Is Interested, As Well As The Landlord, In Its High Exchangeable Value, But A Low Price Of Produce May Be Compensated To Him By A Great Additional Quantity.

Neither Machines, Nor The Commodities Made By Them, Rise In Real Value, But All Commodities Made By Machines Fall, And Fall In Proportion To Their Durability.

A Rise Of Wages From This Cause Will, Indeed, Be Invariably Accompanied By A Rise In The Price Of Commodities; But In Such Cases, It Will Be Found That Labour And All Commodities Have Not Varied In Regard To Each Other, And That The Variation Has Been Confined To Money.

Gold, On The Contrary, Though Of Little Use Compared With Air Or Water, Will Exchange For A Great Quantity Of Other Goods.