contents.
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Chapter III. Influence of the Progress of Industry and Population on Rents, Profits, and Wages. Page § 1. First case; population increasing, capital stationary282 2. Second case; capital increasing, population stationary286 3. Third case; population and capital increasing equally, the arts of production stationary287 4. Fourth case; the arts of production progressive, capital and population stationary288 5. Fifth case; all the three elements progressive295 Chapter IV. Of the Tendency of Profits to a Minimum. § 1. Doctrine of Adam Smith on the competition of capital300 2. Doctrine of Mr. Wakefield respecting the field of employment302 3. What determines the minimum rate of profit304 4. In opulent countries, profits habitually near to the minimum307 5. — prevented from reaching it by commercial revulsions310 6. — by improvements in production312 7. — by the importation of cheap necessaries and instruments314 8. — by the emigration of capital316 Chapter V. Consequences of the Tendency of Profits to a Minimum. § 1. Abstraction of capital not necessarily a national loss319 2. In opulent countries, the extension of machinery not detrimental but beneficial to labourers322 Chapter VI. Of the Stationary State. § 1. Stationary state of wealth and population, dreaded and deprecated by writers326 2. — but not in itself undesirable328
