9 Sept. 1801

Polit. Economy

Method

Finance

112

12

I take therefore two per Cent as /for/ the rate of accumulation not as the true

rate but for a rate which though considerably too high near enough to the true

rate to answer the purpose of illustration. Taking then 20 per Cent as the gross

value /ratio/ of the real income produced by that real capital to the real

capital by the employment of which it is produced, this two per cent would

constitute one tenth part of the gross income: and the part out of income added

to capital every year is one tenth part of the whole mass of which the other

nine parts are partly consumed for maintenance partly employ'd in keeping up the

real capital in statu quo that is in a condition to give birth to the same

quantity of real income in each subsequent as in each preceding year.

The whole income then of an average individual may for this purpose be

considered as divided into ten parts: of which nine parts go for /is in[?]/

present maintenance added to the expence of providing for reproduction without

decrease or encrease, and the other tenth to positive encrease.