Book contents
- Frontmatter
- PREFACE TO FOURTH EDITION
- Contents
- INTRODUCTORY
- BOOK I WAGES AND CAPITAL
- Chapter I The current doctrine—its insufficiency
- Chapter II The meaning of the terms
- Chapter III Wages not drawn from capital, but produced by the labor
- Chapter IV The maintenance of laborers not drawn from capital
- Chapter V The real functions of capital
- BOOK II POPULATION AND SUBSISTENCE
- BOOK III THE LAWS OF DISTRIBUTION
- BOOK IV EFFECT OF MATERIAL PROGRESS UPON THE DISTRIBUTION OF WEALTH
- BOOK V THE PROBLEM SOLVED
- BOOK VI THE REMEDY
- BOOK VII JUSTICE OF THE REMEDY
- BOOK VIII APPLICATION OF THE REMEDY
- BOOK IX EFFECTS OF THE REMEDY
- BOOK X THE LAW OF HUMAN PROGRESS
- CONCLUSION
- INDEX
Chapter III - Wages not drawn from capital, but produced by the labor
Published online by Cambridge University Press: 07 September 2011
- Frontmatter
- PREFACE TO FOURTH EDITION
- Contents
- INTRODUCTORY
- BOOK I WAGES AND CAPITAL
- Chapter I The current doctrine—its insufficiency
- Chapter II The meaning of the terms
- Chapter III Wages not drawn from capital, but produced by the labor
- Chapter IV The maintenance of laborers not drawn from capital
- Chapter V The real functions of capital
- BOOK II POPULATION AND SUBSISTENCE
- BOOK III THE LAWS OF DISTRIBUTION
- BOOK IV EFFECT OF MATERIAL PROGRESS UPON THE DISTRIBUTION OF WEALTH
- BOOK V THE PROBLEM SOLVED
- BOOK VI THE REMEDY
- BOOK VII JUSTICE OF THE REMEDY
- BOOK VIII APPLICATION OF THE REMEDY
- BOOK IX EFFECTS OF THE REMEDY
- BOOK X THE LAW OF HUMAN PROGRESS
- CONCLUSION
- INDEX
Summary
The importance of this digression will, I think, become more and more apparent as we proceed in our inquiry, but its pertinency to the branch we are now engaged in may at once be seen.
It is at first glance evident that the economic meaning of the term wages is lost sight of, and attention is concentrated upon the common and narrow meaning of the word, when it is affirmed that wages are drawn from capital. For, in all those cases in which the laborer is his own employer and takes directly the produce of his labor as its reward, it is plain enough that wages are not drawn from capital, but result directly as the product of the labor. If, for instance, I devote my labor to gathering birds' eggs or picking wild berries, the eggs or berries I thus get are my wages. Surely no one will contend that in such a case wages are drawn from capital. There is no capital in the case. An absolutely naked man, thrown on an island where no human being has before trod, may gather birds' eggs or pick berries.
Or if I take a piece of leather and work it up into a pair of shoes, the shoes are my wages—the reward of my exertion. Surely they are not drawn from capital—either my capital or any one else's capital—but are brought into existence by the labor of which they become the wages; and in obtaining this pair of shoes as the wages of my labor, capital is not even momentarily lessened one iota.
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- Progress and PovertyAn Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth; The Remedy, pp. 44 - 62Publisher: Cambridge University PressPrint publication year: 2009First published in: 1881