Gold, On The Contrary, Though

Possessing Utility, Commodities Derive Their Exchangeable Value From Two Sources: From Their Scarcity, And From The Quantity Of Labour Required To Obtain Them.

If The Demand For Home Commodities Should Be Diminished, Because Of The Fall Of Rent On The Part Of The Landlords, It Will Be Increased In A Far Greater Degree By The Increased Opulence Of The Commercial Classes.

Rent Is The Portion Of The Earth, Which Is Paid To The Landlord For The User Of The Original And Indestructible Powers Of The Soil

Utility Then Is Not The Measure Of Exchangeable Value, Although It Is Absolutely Essential To It.

I Have Already Expressed My Opinion On This Subject In Treating Of Rent, And Have Now Only Further To Add, That Rent Is A Creation Of Value, As I Understand That Word, But Not A Creation Of Wealth.