of proposition as to the amount of the product of
product of ability only partially described by assimilating
it to rent.
produces everything which would not be produced if
operation were hampered or suspended.
reward of labour in Great Britain since the year 1800.
The reward now received by labour far in excess of what labour
capitalistic countries generally labour gets, not less,
far more than its due, if its due is to be measured by its own
is necessary to remember this; but its due is not to
measured exclusively by its own products.
As will be seen in the concluding chapter.
Interestand abstract justice
proposal to confiscate interest for the public benefit,
the ground that it is income unconnected with any corresponding
the proposal practicable? Is it defensible on
abstract moral argument plays a large part in the
assumes that a man has a moral right to what he produces,
interest being here contrasted with this, as a something which
he does not produce.
of this argument. It ignores the element of time.
forms of effort are productive long after the effort itself has
examples, royalties on an acted play. Such royalties
typical of interest generally.
interest as a product of the forces of organic
nature. Henry George’s defence of interest as having this
argument true, but imperfect. His superficial
works through machine-capital just as truly as it does
are natural forces captured by men of genius, and set
to work for the benefit of human beings.
on machine-capital is part of an extra product which
nature is made to yield by those men who are exceptionally
capable of controlling her.
capturing natural forces, one man of genius may add
the wealth of the world in a year than an ordinary man could add
to it in a hundred lifetimes.
claim of any such man on the products of his genius
limited by a variety of circumstances; but, as a mere matter of
abstract justice, the whole of it belongs to him.