Excerpt from On Large and Small Farms, and Their Influence on the Social Economy: Including a View of the Progress of the Division of the Soil in France Since 1815
Such an opinion was not long in being propagated by the celebrated school formed in France under the auspices of Dr Quesnay, and which counted in its ranks so many original and able thinkers. According to the theory of this school, the earth alone has the power of remunerating the efforts of man. Owing to its own inherent fecundity, and to the entirely gratui tous action of the natural agents, which aid the de velopment of its powers, it alone reproduces an amount of value exceeding what is consumed by those through whose labour the returns are obtained. So fine an attribute belongs neither to manufactures nor trade, that merely develop or transform the substances drawn from the soil, without possessing any creative power, so that the wealth of communities solely de pends ou the amount of the net proceeds which they draw from their agricultural labours.
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