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manufactured articles as anything else; and it is just because
our present system of political economy gives so large a stimulus
to that manufacture that you may know it to be a false one。 We
had better seek for a system which will develop honest men; than
for one which will deal cunningly with vagabonds。 Let us reform
our schools; and we shall find little reform needed in our
prisons。
3。 The disputes which exist respecting the real nature of money
arise more from the disputants examining its functions on
different sides; than from any real dissent in their opinions。
All money; properly so called; is an acknowledgment of debt; but
as such; it may either be considered to represent the labour and
property of the creditor; or the idleness and penury of the
debtor。 The intricacy of the question has been much increased by
the (hitherto necessary) use of marketable commodities; such as
gold; silver; salt; shells; &c。; to give intrinsic value or
security to currency; but the final and best definition of money
is that it is a documentary promise ratified and guaranteed by
the nation to give or find a certain quantity of labour on
demand。 A man's labour for a day is a better standard of value
than a measure of any produce; because no produce ever maintains
a consistent rate of productibility。
4。 More accurately; Sun of Justness; but; instead of the harsh
word 〃Justness;〃 the old English 〃Righteousness〃 being commonly
employed; has; by getting confused with 〃godliness;〃 or
attracting about it various vague and broken meanings。 prevented
most persons from receiving the force of the passages in which it
occurs。 The word 〃righteousness〃 properly refers to the justice
of rule; or right; as distinguished from 〃equity;〃 which refers
to the justice of balance。 More broadly; Righteousness is King's
justice; and Equity; Judge's justice; the King guiding or ruling
all; the Judge dividing or discerning between opposites
(therefore the double question; 〃Man; who made me a ruler
dikastes or a dividermeristes over you?〃) Thus; with
respect to the Justice of Choice (selection; the feebler and
passive justice); we have from lego; lex; legal; loi; and
loyal; and with respect to the Justice of Rule (direction; the
stronger and active justice); we have from rego; rex; regal;
roi; and royal。
5。 In another place written with the same meaning; 〃Just; and
having salvation。〃
6。 〃Length of days in her right hand; in her left; riches and
honour。〃
7。 I hear that several of our lawyers have been greatly amused by
the statement in the first of these papers that a lawyer's
function was to do justice。 I did not intend it for a jest;
nevertheless it will be seen that in the above passage neither
the determination nor doing of justice are contemplated as
functions wholly peculiar to the lawyer。 Possibly; the more our
standing armies; whether of soldiers; pastors; or legislators
(the generic term 〃pastor〃 including all teachers; and the
generic term 〃lawyer〃 including makers as well as interpreters of
law); can be superseded by the force of national heroism; wisdom;
and honesty; the better it may be for the nation。
8。 It being the privilege of the fishes; as it is of rats and
wolves; to live by the laws of demand and supply; but the
distinction of humanity; to live by those of right。
9。 It might appear at first that the market price of labour
expressed such an exchange: but this is a fallacy; for the market
price is the momentary price of the kind of labour required; but
the just price is its equivalent of the productive labour of
mankind。 This difference will be analyzed in its place。 It must
be noted also that I speak here only of the exchangeable value of
labour; not of that of commodities。 The exchangeable value of a
commodity is that of the labour required to produce it;
multiplied into the force of the demand for it。 If the value of
the labour = x and the force of demand = y; the exchangeable
value of the commodity is xy; in which if either x = 0; or y = 0;
xy = 0。
10。 Under the term 〃skill〃 I mean to include the united force of
experience; intellect; and passion in their operation on manual
labour: and under the term 〃passion;〃 to include the entire range
and agency of the moral feelings; from the simple patience and
gentleness of mind which will give continuity and fineness to the
touch; or enable one person to work without fatigue; and with
good effect; twice as long as another; up to the qualities of
character which renders science possible (the retardation of
science by envy is one of the most tremendous losses in the
economy of the present century) and to the incommunicable
emotion and imagination which are the first and mightiest sources
of all value in art。
It is highly singular that political economists should not
yet have perceived; if not the moral; at least the passionate
element; to be an inextricable quantity in every calculation。 I
cannot conceive; for instance; how it was possible that Mr Mill
should have followed the true clue so far as to write; 〃No
limit can be set to the importance even in a purely productive
and material point of view of mere thought;〃 without seeing
that it was logically necessary to add also; 〃and of mere
feeling。〃 And this the more; because in his first definition of
labour he includes in the idea of it 〃all feelings of a
disagreeable kind connected with the employment of one's thoughts
in a particular occupation。〃 True; but why not also; 〃feelings of
an agreeable kind?〃 It can hardly be supposed that the feelings
which retard labour are more essentially a part of the labour
than those which accelerate it。 The first are paid for as pain;
the second as power。 The workman is merely indemified for the
first; but the second both produce a part of the exchangeable
value of the work; and materially increase its actual quantity。
〃Fritz is with us。 He is worth fifty thousand men。〃 Truly; a
large addition to the material force; consisting; however; be
it observed; not more in operations carried on in Fritz's head;
than in operations carried on in his armies' heart。 〃No limit can
be set to the importance of mere thought。〃 Perhaps not! Nay;
suppose some day it should turn out that 〃mere〃 thought was in
itself a recommendable object of production; and that all
Material production was only a step towards this more precious
Immaterial one?
11。 I am sorry to lose time by answering; however curtly; the
equivocations of the writers who sought to obscure the instances
given of regulated labour in the first of these papers; by
confusing kinds; ranks; and quantities of labour with its
qualities。 I never said that a colonel should have the same pay
as a private; nor a bishop the same pay as a curate。 Neither did
I say that more work ought to be paid as less work (so that the
curate of a parish of two thousand souls should have no more than
the curate of a parish of five hundred)。 But I said that; so far
as you employ it at all; bad work should be paid no less than
good work; as a bad clergyman yet takes his tithes; a bad
physician takes bis fee; and a bad lawyer his costs。 And this; as
will be farther shown in the conclusion; I said; and say; partly
because the best work never was; nor ever will be; done for money
at all; but chiefly because; the moment people know they have to
pay the bad and good alike; they will try to discern the one from
the other; and not use the bad。 A sagacious writer in the
Scotsman asks me if I should like any common scribbler to be paid
by Messrs Smith; Elder and Co。 as their good authors are。 I
should; if they employed him…but would seriously recommend them;
for the scribbler's sake; as well as their own; not to employ
him。 The quantity of its money which the country at present
invests in scribbling is not; in the outcome of it; economically
spent; and even the highly ingenious person to whom this question
occurred; might perhaps have been more beneficially employed than
in printing it。
12。 I have to acknowledge an interesting communication on the
subject of free trade from Paisley (for a short letter from 〃A
Well…wisher〃 at my thanks are yet more due)。 But the Scottish
writer will; I fear; be disagreeably surprised to hear; that I
am; and always have been; an utterly fear