 | John Cunningham Wood - Business & Economics - 1993 - 642 pages
..."reconcile" divergent schools of thought. ' 8. 'As the wages of the labourer are the remuneration of labour, so the profits of the capitalist are properly, according...uses. For this forbearance he requires a recompense* (Mill, 1929, p. 405). 9. For a criticism of Marshall's interpretation, see Ashley (1 891 ). 10. Jevons... | |
 | John Stuart Mill - Business & Economics - 2006 - 477 pages
...further saving he can add to his wealth. As the wages of the laborer are the remuneration of labor, so the profits of the capitalist are properly, according...uses, and allowing it to be consumed by productive laborers for their uses. For this forbearance he requires a recompense. Very often In personal enjoyment... | |
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As the wages of the labourer are the remuneration of labour, so the profits of the capitalist are properly, according to Mr. Senior's well-chosen expression, the remuneration of abstinence. They are what he gains by forbearing to consume his capital for... 
