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All Classes Productive of National Wealth; Or, the Theories of M. Quesnai, Adam Smith, and Mr. Gray Examined, by George Purves
All Classes Productive of National Wealth Or the Theories of M Quesnai Adam Smith and Mr Gray Examined by George Purves Author:Simon Gray General Books publication date: 2009 Original publication date: 1817 Original Publisher: Printed for Longman, Hurst, Rees, Orme, and Brown Notes: This is a black and white OCR reprint of the original. It has no illustrations and there may be typos or missing text. When you buy the General Books edition of this book you get free trial access ... more »to Million-Books.com where you can select from more than a million books for free. Excerpt: Book II. .: ;. TOPICS CONNECTED WITH THE QUESTION RESPECT- ING THE PRODUCT POINT OF WEALTH, ING THE PRODUCTIVENESS OF CIRCULATORS Itf .£.'. ../.... CHAP. I. Rred Annuitants. A' . r.. r. w. ' "" "'-'" "'"' '' " '" ' ; Nnuitants with fixed iucomes claim a particular notice, from the intimate connexion of their case with the question of productiveness. r . Tjlie number of tiiose whose incomes are ' occasionally, or fora time fixed, is very great, and the amount of their species of income very considerable. Such are those circulators, whose wages or salaries are fixed for the week, the month, the year, or whose income depends on a contract for a certain period. The latter division includes, among others, those rich classes that let their lands or houses on lease, for a longer or shorter term of years at a fixed price. These circulators, though their income be fixed for a certain time, are not tegular fixed annuitants. During the term of the contract indeed, the rise or fall in prices does affect them as fixed annuitants. They suffer from a rise, and they are benefited by a fall. But still they are not ultimately excluded from the common fund. At the end of their agreements their new terms will depend on the average rate of prices, whether that be higher or lower than at the time of making the prior contract. During the current period of such contracts, if it be only for four or five years, it is probable that their loss by occasional rises, and their gain by occasional falls, may not be very far from balancing each other. But...« less