ON THE WEALTH OF A COMMUNITY, &c. 521 



the gain in price is 770-197 = 573, 

 and the capitahst gains 100; 

 .-. G = 100 + 573 = 673. 

 There has been taken from the labour-fund £.500. 

 There is returned to it m {197 - 150) + {mje + tn. (I- /f) p\ 673. 



Whence Z)^ = 500- (47»» + 673»«,*) -673 w?,(l -/*■),«. 

 If tn = m, = w/a = ^ = 1, 



„ _ 1233 -673p 

 ^"^ 4 



The labour-fund gains after the 2'"^ year, and receives an addition of 

 £ — — every subsequent year. 



In this solution the value of A, taken by Mr M'Culloch (not B) in 

 refuting Mr Barton's views, is employed. 



Taking what I have assumed to be a more correct value, we get, 

 since 7j= -~r~ = 75 "early, 

 and ^ = C.-^^, (l+y) = 220. 



The capital employed in the machinery = C(l +y) = 1680 ; and there- 

 fore it must produce as much as £.680 paid in wages. 



Hence, gain in cost of produce = — . 680 - 220 = 528, 



and the capitalist gains 100; 



.-. G = 528 + 100 = 628. 



Again, there has been taken from the labour-fund, 



84 

 C(l+y)- 1000= 1500.— -1000 = £.680; 

 75 



there is returned to it 



mCy + {mik + m2{l — k)p\ G = ml80+ {»«,/<• + ra.,(l -A) ^o} 628 

 = 4[157?»+ {nij{ + nh{l-k)p\ 157] ; 



