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§ 1. Definition of PROFIT and RATE OF PROFIT

Erroneous definition of Rate of Profit by Economists

2. Ricardo's error on Rate of Profit

3. Erroneous doctrine of McCulloch on Rate of Profit

4. Error of Malthus on Rate of Profit

5. Error of Mill on Rate of Profit

6. Examples of Rates of Profit .

7. Examples of variations in the Rate of Profit.

8. Examples of Rate of Profit

9. Smith on Apothecaries' Profits

10. Profits in country shops.

11. Mischief of interfering with trade .

12. Bacon on trade Profits

13. Cabs in London and provincial towns

14. Gradual separation of employments

15. Rate of Profit may differ although Profits are equal

16. Increase of Capital reduces Prices and Profits

17. Mill controverts Smith.

18. Smith right; Ricardo, McCulloch, and Mill wrong

19. Origin of demand for Banks and Paper Money

20. Self-contradiction of Mill

21. Explanation of a difficulty raised by Say

22. Large Capitals give smaller Profits than small Capitals .

23. Smith wrongly calls Agricultural Labour the most productive

24. Senior's description of Profits inadequate

25. Error of Physiocrates and Mill on Productive Labour

26. Error of Mill on Productive Labour

27. When Labour is productive

28. On Interest

29. Prejudices against Interest

30. Calvin on Interest .

31. Final abolition of Usury Laws in England

32. Confusion of Mill on Value of Money

33. Value of Money has two meanings .

34. Difference of Profit between Interest and Discount.

35. On Rate of Interest.

36. Rent and Interest analogous

37. Differences in Rate of Interest

38. Smith and Hume on Rate of Interest

39. Effect of increase of Money on Interest.

40. How an increase of Money affects Prices and Interest

41. Hume on Rate of Interest

42. Effects of Banking on Interest

43. The Popes on Usury

PAGE.

ON LABOUR, OR IMMATERIAL WEALTH, AND WAGES.

§ 1. Definition of Labour

100

2. Labour is a Commodity.

101

3. Answer to Le Trosne

101

4. Smith admits that Labour is Wealth

102

5. J. B. Say classes Labour as Wealth

103

6. Self-contradiction of Mill

104

7. Estimate of Wages paid to Working Classes

107

8. Different kinds of Labour incommensurable.

107

9. Smith on Labour as the Measure of Value

108

10. Error of this doctrine

109

11. Error of confounding the Measure, with the Cause, of Value. 110

12. Errors of Ricardo and McCulloch .

110

13. Self-contradiction of McCulloch

112

14. Erroneous doctrine of Ricardo

113

15. Productive Labour .

: 115

16. Definition of Wages

116

17. Error of Mill on Rate of Wages

119

19. The alleged Wages Fund

120

20. Tue Wages Fund

121

21. Mr. Longe on the Wages Fund

123

22. Erroneous doctrine on the Wages Fund

124

23. The true Wages Fund

126

24. Credit part of the Wages Fund

128

25. Self-contradiction of Smith as to price of food regulating

Wages

129

26. Similar error of Ricardo.

131

27. Relation of Wages and food

132

28. Wages governed by the Law of Demand and Supply

134

29. When the price of food fell, Wages rose

134

30. Way of raising Wages

135

31. Similar testimony of J. B. Say

136

32. Smith on Wages

136

33. Error of Smith

137

34. Smith's third case

138

35. His misanalogy regarding a lottery.

138

139

36. The same continued

37. An expensive professional education is incurred because the

rewards are high, and not the reverse

139

38. Value is the inducement to Labour

140

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CHAPTER XIV.

ON RIGHTS, OR INCORPOREAL WEALTH.

§ 1. Rights are Wealth .

2. Smith classes Credit as Capital

3. Smith admits that abstract Rights are Wealth

4. Say classes abstract Rights as Wealth
5. Mill admits that Credit is Capital .
6. Different kinds of Transferable Property
7. Transfer of Incorporeal Property by means of INSTRUMENTS.
8. Same varieties of Incorporeal as of Corporeal Property.
9. Incorporeal Property of two kinds .

10. On Rights of Obligation

11. On Annuities.

12. On the Funds.

13. Errors of Mill

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