Whatdoesthismean?Theproducersofcornwillhavetwosacksfortheirservices,whichtogetherwillbeworthwhatasinglesackwasworth,andtheproducersofclothwillhavetwopieces,whichtogetherwillbeworthwhatonewasworth。Intheexchangecalledproductionthesameserviceswillhaveobtained,eachintheirplace,adoublequantityofproduction,butthesetwodoublequantitiesmaybeobtainedonebytheotherasheretofore,andaseasilyso,thatwithoutlayingoutmoreinproductiveservices,anationinwhichthisproductivepowerbeginstounfolditself,willhavedoublethequantityofarticlestoconsume,eitherwheat,orcloth,oranythingelse,sincewehaveagreedtorepresentbywheatandclotheverythingthehumanspeciesmaywantforitssupport。Theproductionsinsuchanexchangeareopposedinvaluetoproductiveservices。Now,asineveryexchangeoneofthetwoarticlesisofgreatervalue,inproportiontothequantityitobtainsoftheother,itfollows,thatproductiveservicesarethemorevaluableinproportionasproductionsaremultiplied,andatlowerprice。(13)
Thisisthereasonwhythediminutioninthepriceofproductions,byaugmentingthevalueoftheproductivefundsofanation,andtherevenuesresultingtherefrom,increasesthenationalwealth。Thisdemonstration,whichisdetailedinthe3rdChapterofthe2d。BookofmyTreatiseonPoliticalEconomy(4thedition),hasIthinkrenderedsomeservicetothesciencebyexplainingthatwhichuptothatperiodhadbeenfeltbutnotexplained。Whichis,thatalthoughwealthisachangeablevalue,generalwealthhasaccruedbythelowpriceofcommoditiesandeverykindofproduction。(14)
Neverperhapshasanincreaseofdoubleintheproductivepoweroflabortakenplaceallatonce,andinallproductionsatthesametime,butitisindisputablethatithastakenplacegraduallyinmanyproductions,andinveryvariedproportions。Apurplecloakamongsttheancients,ofthesamequalityandsize,ofthesamesolidityandbeautyofcolor,costnodoubtdoublewhatitcostsnow。AndIhavenodoubtthatwheat,paidinlabor,isdiminishedonehalfatleastsincetheunknownepochaoftheinventionoftheplough。Alltheseproductionscostinglesslabor,havebeen,inconsequenceofcompetition,givenforwhattheycost,withoutanyonebeingaloserbyit,andalltheworldhasgainedinrevenue。
Butwemustreturntothefirstpartofyourobjection。Theproducersofwheatandtheproducersofclothwillthenproducemorewheatandcloththaneithertheoneortheothercanconsume。Ah!Sir,afterhavingprovedthatnotwithstandingareductionofmorethanhalfthevalueoftheproductionsthesamelaborcouldbuythewholeofthem,andtherebyprocuredoublethemeansofexistenceandenjoyment,shallIbereducedtothenecessityofprovingtothejustlycelebratedauthoroftheEssayonPopulationthateverythingthatcanbeproducedmayfindconsumers,andthatamongsttheenjoymentswhichthequantityofproductionsofwhichmankindcandispose,procure,thecomfortsofhomeandtheincreaseofchildrenarenottheleast?Afterhavingwrittenthreejustlyadmiredvolumestoprovethatthepopulationalwaysrisestothelevelofthemeansofexistence,canyouadmitthecaseofagreatincreaseofproductions,withastationarynumberofconsumers,andwantsreducedbyparsimony?
(page355。)