The Online Library of Liberty

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• Preface.
• Summary of Principles Illustrated In the First Volume.
• Life In the Wilds.
• Chapter I.: What Have They Left Us?
• Chapter II.: What Is Wealth?
• Chapter III.: Earn Your Bread Before You Eat It.
• Chapter IV.: Hand-work and Head-work.
• Chapter V.: Heart-work.
• Chapter VI.: Many Hands Make Quick Work.
• Chapter VII.: Getting Up In the World.
• Chapter VIII.: A Bright Sunset.
• Chapter IX.: Signs of the Times.
• Hill and the Valley.
• Chapter I.: Every Man His Whim.
• Chapter II.: Much May Come of Little.
• Chapter III.: The Harm of a Whim.
• Chapter IV.: Prosperity.
• Chapter V.: How to Use Prosperity.
• Chapter VI.: Disasters.
• Chapter VII.: Discontents.
• Chapter VIII.: Uproar.
• Chapter IX.: All Quiet Again.
• Summary of Principles Illustrated In This Volume.
• Brooke and Brooke Farm.
• Chapter I.: Brooke and Its Politicians.
• Chapter II.: George Gray's Way of Living.
• Chapter III.: George Gray In the Way to Prosper.
• Chapter IV.: A Conversation Under the Limes.
• Chapter V.: Past, Present, and to Come.
• Chapter VI.: Sergeant Rayne's Story.
• Chapter VII.: Great Changes At Brooke.
• Chapter VIII.: Small Farming.
• Chapter IX.: Great Joy At Brooke.
• Chapter X.: What Joe Harper Saw Abroad.
• Chapter XI.: What Must Come At Last.
• Chapter XII.: Prosperity to Brooke!
• Summary of Principles Illustrated In This Volume.

Summary of Principles illustrated in this Volume.

Capital is something produced with a view to employment in further production.

Labour is the origin, and

Saving is the support, of Capital.

Capital consists of

• 1. Implements of labour.
• 2. Material, simple or compound, on which labour is employed.
• 3. Subsistence of labourers.

Of these three parts, the first constitutes Fixed Capital: the second and third, Reproducible Capital.

Since Capital is derived from Labour, whatever economizes Labour assists the growth of Capital.

Machinery economizes Labour, and therefore assists the growth of Capital.

The growth of Capital increases the demand for Labour.

Machinery, by assisting the growth of Capital, therefore increases the demand for Labour.

In other words, Productive Industry is proportioned to Capital, whether that Capital be fixed or reproducible.

The interests of the two classes of producers, Labourers and Capitalists, are therefore the same; the prosperity of both depending on the accumulation of Capital.

London: Printed by W. Clowes, Stamford-street.

LONDON:
printed by william clowes
Stanford Street

BROOKE AND BROOKE FARM.