HKB
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Often appears with: labor, wages, and the division of work · value, price, and exchange · roman colonies · poverty and wealth · index of correspondence topics · greek colonies · exchange and trade · currency and depreciation · colonial labour demand · agriculture and the land
Usually: argument (1) · list or catalogue (1) · censure (1) · detachment (1)
“In other countries, rent and profit eat up wages, and the two superior orders of people oppress the inferior one; but in new colonies, the interest of the two superior orders obliges them to treat the inferior one with more generosity and humanity.” Adam Smith, An Inquiry Into the Nature and Causes of the Wealth · insight
This section is a compiled index of topics and names associated with the Ricardo–Malthus correspondence, listing subjects like currency depreciation, exchange rates, rent, wages, and various historical figures.
Crombie, Alex., 82. Currency, 'redundant,' 11, 19; how affected by the Peace, 38; relation to foreign trade, 7 seq., 38; 'Economical and Secure,' 96, 100, 103, 108, 112. See Bullion, &c. Custom house, delays, 137, 140. D. Debate, House of Lords on Bullion, 26; ditto on Bank Restriction, 150. Definitions deprecated by Say, 209; unfairly used by Malthus, 229, 237. Demand, unlimited, 34, 43…
Smith explains how high labour wages and cheap land in new colonies improve conditions for workers, contrasts this with European rent-and-profit oppression, and cites Greek and Roman colonies’ different outcomes.
When arrived at maturity, the high price of labour, and the low price of land, enable them to establish themselves in the same manner as their fathers did before them. In other countries, rent and profit eat up wages, and the two superior orders of people oppress the inferior one; but in new colonies, the interest of the two superior orders obliges them to treat the inferior one with more generosity and humanity, at…