Summary

Portrait of Leslie Stephen Leslie Stephen The English Utilitarians, Volume 2…

The demand of buyers, he would say, determines the particular direction of production: it settles whether hats should be made of silk or beaver; whether we should grow corn or spin cotton. But the ultimate force is the capitalist's desire for profit. So long as he can raise labourers' necessaries by employing part of his capital, he can employ the labour as he chooses. He can always produce wealth; all the wealth produced can be exchanged, and the demand always be equal to the supply, since the demand is merely the other side of the supply.
Source: Gutenberg

Portrait of Leslie Stephen Leslie Stephen The English Utilitarians, Volume 2…

Is it plain that even enlightenment of mind would induce a poor man to see his own advantage in the policy which would in the long run be best for the whole society? You are bound, said Macaulay, to show that the poor man will not believe that he personally would benefit by direct plunder of the rich; and indeed that he would not be right in so believing. The nation, no doubt, would suffer, but in the immediate period which alone is contemplated by a selfish pauper, the mass of the poor might get more pleasure out of confiscation. Will they not, on your own principles, proceed to confiscation?
Source: Gutenberg

Portrait of Leslie Stephen Leslie Stephen The English Utilitarians, Volume 2…

A man should have the fruits of his labour; and therefore the man who labours most should have most. But, unlike Bentham, he regards equality as more important than security. To him the main consideration is the monstrous mass of evil resulting from vast accumulations of wealth in a few hands. In the next place, he adapts to his own purpose the Ricardian theory of value. All value whatever, he argues, is created by labour. The labourer, he infers, should have the value which he creates. As things are, the labourer parts with most of it to the capitalist or the owner of rents.
Source: Gutenberg

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