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Updated: June 21, 2025
It serves, moreover, to make clear that anything which lengthens this interval of time increases the demand for waiting, or in other words, the demand for capital; and, conversely, that anything which shortens this interval diminishes the demand for capital. Capital not a Stock of Consumable Goods.
The right of increase is really an inherent right, so essential a part of property, that, in its absence, property is null and void. Increase a sort of royal prerogative, of tangible and consumable homage is due to the proprietor on account of his nominal and metaphysical occupancy. His seal is set upon the thing; that is enough to prevent any one else from occupying it without HIS permission.
Now, in the main because of the diversion of our economic strength from permanent construction to manufacturing of consumable commodities during and after the war, we are short about a million homes. In cities such a shortage implies the challenge of congestion.
The ceremonial inferiority or uncleanness in consumable goods due to "commonness," or in other words to their slight cost of production, has been taken very seriously by many persons. The objection to machine products is often formulated as an objection to the commonness of such goods.
Those different taxes, however, being called by the same name, have been considered as of the same nature. The taxes which in Holland are imposed upon men and maid servants, are taxes, not upon stock, but upon expense; and so far resemble the taxes upon consumable commodities. The tax of a guinea a-head for every man-servant, which has lately been imposed in Great Britain, is of the same kind.
The palace took fire and was consumed, so far as consumable, in 1745, while occupied by the soldiers of General Hawley; but even yet the walls appear so stalwart that I should imagine it quite possible to rebuild and restore the stately rooms on their original plan.
Let us suppose, however, that the whole was on account of Great Britain, and that it amounted to a still greater sum than Mr Barretti seems to imagine; this trade would not, upon that account, be more advantageous than any other, in which, for the same value sent out, we received an equal value of consumable goods in return.
It follows that the equal distribution of products is the rule by which the largest possible consumption can be secured, and thus in turn the largest production be stimulated." "What, on the other hand, would be the effect on consumption of an unequal division of consumable products?"
Whatever portion of those consumable goods is not employed in maintaining the former, goes all to the latter, and makes a part of the neat revenue of the society. The maintenance of those three parts of the circulating capital, therefore, withdraws no portion of the annual produce from the neat revenue of the society, besides what is necessary for maintaining the fixed capital.
These canons of reputability have had a similar, but more far-reaching and more specifically determinable, effect upon the popular sense of beauty or serviceability in consumable goods. The requirements of pecuniary decency have, to a very appreciable extent, influenced the sense of beauty and of utility in articles of use or beauty.
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