large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb_18
large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb
English
11381
He, however, was logically brought to accept the supposed law of an ultimate limit to numbers suggested by Herbert Spencer, based on a diminution of human fertility. HE HOWEVER WAS LOGICALLY BROUGHT TO ACCEPT THE SUPPOSED LAW OF AND ULTIMATE LIMIT TO NUMBER SUGGESTED BY HERBERT SPENCER BASED ON A DIMINUTION OF HUMAN FERTILITY
eclines as the arts advance, while the general command of commodities constantly increases. This causes a constant fall in the value of accumulated capital as compared with the results of present labor, from which is inferred a tendency toward harmony rather than divergence of interests between capitalist and laborer.” This theory of value(93) he applied to land, and even to man, in his desire to give it universality. He next claimed to have discovered a law of increasing production from land in his “Past, Present, and Future” (1848), which was diametrically opposed to Ricardo’s law of diminishing returns. His proof was an historical one, that in fact the poorer, not the richer lands, were first taken into cultivation. This, however, did not explain the fact that different grades of land are simultaneously under cultivation, on which Ricardo’s doctrine of rent is based. The constantly increasing production of land naturally led Carey to believe in the indefinite increase of population. ARTICLE THUS DECLINES AS THE ARTS ADVANCE WHILE THE GENERAL COMMAND OF COMMODITIES CONSTANTLY INCREASES THIS CAUSES A CONSTANT FALL IN THE VALUE OF ACCUMULATED CAPITAL AS COMPARED WITH THE RESULTS OF PRESENT LABOR FROM WHICH IS INFERRED A TENDENCY TOWARD HARMONY RATHER THAN DIVERGENCE OF INTEREST BETWEEN CAPITALIST AND LABORER THIS THEORY OF VALUE HE APPLIED TO LAND AND EVEN TO MAN IN HIS DESIRE TO GIVE IT UNIVERSALITY HE NEXT CLAIMED TO HAVE DISCOVERED A LAW OF INCREASING PRODUCTION FROM LAND IN HIS PAST PRESENT AND FUTURE EIGHTEEN FORTY EIGHT WHICH WAS DIAMETRICALLY OPPOSED TO RICARDO'S LAW OF DIMINISHING RETURNS HIS PROOF WAS A HISTORICAL ONE THAT IN FACT THE POORER NOT THE RICHER LANDS WERE FIRST TAKEN INTO CULTIVATION THIS HOWEVER DID NOT EXPLAIN THE FACT THAT DIFFERENT GRADES OF LAND ARE SIMULTANEOUSLY UNDER CULTIVATION ON WHICH RICARDO'S DOCTRINE OF RENT IS BASED THE CONSTANTLY INCREASING PRODUCTION OF LAND NATURALLY LED CARRIE TO BELIEVE IN THE INDEFINITE INCREASE OF POPULATION
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