Sir Edward West on the Application of Capital to Land, 1815, Volume 1, Issue 3

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Lord Baltimore Press, 1903 - Agriculture - 54 pages

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Page 11 - The occasions for those different sorts of labour returning with the different seasons of the year, it is impossible that one man should be constantly employed in any one of them. This impossibility of making so complete and entire a separation of all the different branches of labour employed in agriculture, is perhaps the reason why the improvement of the productive powers of labour in this art, does not always keep pace with their improvement in manufactures.
Page 20 - The increase of stock, which raises wages-, tends to lower profit. When the stocks of many rich merchants are turned into the same trade, their mutual competition naturally tends to lower its profit; and when there is a like increase of stock in all the different trades carried on in the same society, the same competition must produce the same effect in them all.
Page 11 - The most opulent nations, indeed, generally excel all their neighbours in agriculture as well as in manufactures ; but they are commonly more distinguished by their superiority in the latter than in the former.
Page 10 - It is impossible to separate so entirely, the business of the grazier from that of the corn-farmer, as the trade of the carpenter is commonly separated from that of the smith. The spinner is almost always a distinct person from the weaver; but the ploughman, the harrower, the sower of the seed, and the reaper of the corn, are often the same.
Page 26 - ... extended improvement and cultivation, and afterwards the cause of their being still further extended, the rise in the price of cattle, for example, tends too to raise the rent of land directly, and in a still greater proportion. The real value of the landlord's share, his real command of the...
Page 33 - Where one nation has gotten the start of another in trade, it is very difficult for the latter to regain the ground it has lost because of the superior industry and skill of the former, and the greater stocks of which its merchants are possessed and which enable them to trade on so much smaller profits.
Page 24 - ... same causes tend also to make labour more and more productive in agriculture in the progress of improvement. But another cause, namely, the necessity of having recourse to land inferior to that already in tillage, or of cultivating the same land more expensively, tends to make labour in agriculture less productive in the progress of improvement. And the latter cause more than counteracts the effects of machinery and the division of labour in agriculture; because, otherwise agricultural labour...
Page 33 - ... much abound in gold and silver. Manufactures, therefore, gradually shift their places, leaving those countries and provinces which they have already enriched, and flying to others, whither they are allured by the cheapness of provisions and labour; till they have enriched these also, and are again banished by the same causes. And, in general, we may observe, that the dearness of...
Page 33 - There seems to be a happy concurrence of causes in human affairs, which checks the growth of trade and riches, and hinders them from being confined entirely to one people ; as might naturally at first be dreaded from the advantages of an established commerce.
Page 22 - The demand for those who live by wages, therefore, necessarily increases with the increase of the revenue and stock of every country, and cannot possibly increase without it.

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