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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

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