LABOUR, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, on with another, to subsist and to perpetuate their race, without either increase or diminution.

Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production.

The produce of the earth - all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community, namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it is cultivated.

Profits are not made by differential cleverness, but by differential stupidity.

Nothing contributes so much to the prosperity and happiness of a country as high profits.

The farmer and manufacturer can no more live without profit than the labourer without wages.

If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.