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The Pamphlet Collection of Sir Robert Stout: Volume 30

Adam Smith, in his "Wealth of Nations,"

Adam Smith, in his "Wealth of Nations,"

"The original state of things, in which the labourer enjoyed the whole produce of his own labour, could not last beyond the first introduction of the appropriation [monopolisation] of land.

. . . . Rent makes the first deduction from the produce of labour. It is necessarily a monopoly price."