24 Aug. 1801

{C2} Section 9.

Polit. Economy

Method D

Non Agenda.

II Narrow Measures

4 Particulars

v. Encouragement

70

5

{2.} 5. Giving birth or encrease to this or that particular branch of {wealth

or} productive industry {industry /labour/ productive of wealth} under the

notion of giving an encrease thereby to the aggregate of the national mass of

wealth.

The aggregate mass of money employ'd in the shape of productive capital will in

all branches of industry taken together be productive of /were[?]/ so much per

Cent upon the amount of it say 15 per Cent, or more or less, according to the

average rate of profit upon stock in the country in question, which is in[?] the

inverse ratio of that portion of the mass of money in circulation, which is

employ'd within the year in the shape of productive capital to that portion of

it which is employ'd as money is employ'd by a man who is said to spend his

income, {Note. each being multiplied by the number of times it has been employ'd

within the year in making purchases constitutive of ultimate prices. /the

purchases of which ultimate prices are composed./

If in one of those branches the rate of profit is greater than in others in the

one 16 for example in the others but 15, the greater the portion of capital

employ'd in this most productive branch in preference to others less productive,

the greater the annual addition to the aggregate mass of natural wealth. But, so

long as they do but know which of all the branches open to them is most