ood, his real share will be diminished; whilst that of
the landlord will not only be raised in value, but will also be
increased in quantity.

The remaining quantity of the produce of the land, after the landlord
and labourer are paid, necessarily belongs to the farmer, and
constitutes the profits of his stock. But it may be alleged, that though
as society advances, his proportion of the whole produce will be
diminished, yet as it will rise in value, he, as well as the landlord
and labourer, may, notwithstanding, receive a greater value.

It may be said for example, that when corn rose from 4_l._ to 10_l._,
the 180 quarters obtained from the best land would sell for 1800_l._
instead of 720_l._; and therefore, though the landlord and labourer be
proved to have a greater value for rent and wages, still the value of
the farmer's profit might also be augmented. This however is impossible,
as I shall now endeavour to shew.

In the first place, the price of corn would rise only in proportion to
the increased difficulty of growing it on land of a worse quality.

It has been already remarked, that if the labour of ten men will, on
land of a certain quality, obtain 180 quarters of wheat, and its value
be 4_l._ per quarter, or 720_l._; and if the labour of ten additional
men, will on the same or any other land, produce only 170 quarters in
addition, wheat would rise from 4_l._ to 4_l._ 4_s._ 8_d._; for 170:
180:: 4_l._: 4_l._ 4_s._ 8_d._ In other words, as for the production of
170 quarters, the labour of ten men is necessary, in the one case, and
only that of 9.44 in the other, the rise would be as 9.44 to 10, or as
4_l._ to 4_l._ 4_s._ 8_d._ In the same manner it might be shewn, that if
the labour of ten additional men would only produce 160 quarters, the
price would further rise to 4_l._ 10_s._; if 150, to 4_l._ 16_s._, &c.
&c.

But when 180 quarters were produced
on the land paying no rent, and its
price was 4_l._ per quarter, it sold for L720

And when 170 quarters were produced
on the land paying no rent, and the
price rose to 4_l._ 4_s._ 8_d._ it still sold for 720

So, 160 quarters at 4_l._ 10_s._ produce 720

And 150 quarters at 4_l._ 16_s._ produce the
same sum of 720

Now it is evident, that if out of these equal values, the farmer is at
one time obliged to pay wages regulated by the price of wheat at 4_l._,
and