...instant, a sum of wealth, which is unconditionally devotrd to the payment ofwngrs of hibour. The sum i* not regarded as unalterable, for it is augmented by...saving, and increases with the progress of wealth, but ft is reasoned upon as at any piven moment a predetermined amount. More tlinn that amount it is assumed...

...British Labourer,' p. 12O). And Mr. Mill thus describes the popular belief as to the same matter : ' There is supposed to be at any given instant, a sum...is unconditionally devoted to the payment of wages. This sum is not regarded as unalterable, for it is augmented by savings and increases with the progress...

...extract, as follows, Mr. Mill's own enunciation of that theory made in the act of renouncing it : — ' There is supposed to be, at any given instant, a sum...unconditionally devoted to the payment of wages of labour. The sum is not regarded as unalterable, for it is augmented by saving, and increases with the...

...Mill's own enunciation of that theory made in the act of renouncing it : — •Then? Is supposed to bo. at any given instant, a sum of wealth, which is unconditionally devoted to the, payment of wages of labour. The sum is not regarded as unalterable, for It is augmented by Diving, and increases with the...

...my own certainly included. " The theory rests on what may be called the doctrine of the wagesfund. There is supposed to be, at any given instant, a sum...is not regarded as unalterable, for it is augmented 1875.] The Wage-Fund Theory. 87 by saving, and increases with the progress of wealth ; but it is reasoned...

...necessary to make it admissible. The theory rests on what maybe called the doctrine oi' the wages fund. There is supposed to be, at any given instant, a sum...unconditionally devoted to the payment of wages of labour. This sum is not regarded as unalterable, for it is augmented by saving, and increases with...

...admissible. The theory rests on what may be called the doctrine oi the wages fund. There is supposed to bo, at any given instant, a sum of wealth, which is unconditionally devoted to the payment of wages of labour. This sum is not regarded as unalterable, for it is augmented by saving, and increases with...

...agrees with Mr. Thornton that it is untenable : — "There is supposed to be, at any given instance, a sum of wealth, which is unconditionally devoted to the payment of the wages 6f labor. This sum is not regarded as unalterable, for it is augmented by saving, and increases...

...agrees with Mr. Thornton that it is untenable : — " There is supposed to be, at any given instance, a sum of wealth, which is unconditionally devoted to the payment of the wages of labor. This sum is not regarded as unalterable, for it is augmented by saving, and increases...

...doctrine is that given by Mr. John Stuart Mill, in the Fortnightly Keview for May, 1869, as follows: " There is supposed to be, at any given instant, a sum...it is augmented by saving, and increases with the proin every country a certain number of laborers, and this number can not be diminished by the proposed...