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| | The Avalon Project : Labour Defended against the Claims of Capital |
 | | He speaks of capital as an instrument of production co-operating with labour, as an active agent combining with labour to produce commodities, and thus he satisfies himself, and endeavours to prove to the reader that capital is entitled to all that large share of the produce it actually receives. |
 | | All fixed capital, not only in the first instance, as is generally admitted, but in every stage of society, at every period in the history of man, is the creation of labour and of skill, of different species of labour and skill certainly, but of nothing more than labour and skill. |
 | | As the efficiency of the fixed capital is increased by men obtaining greater knowledge and greater skill, it is quite possible, and is the case, that a greater quantity of commodities, or a greater means of nourishing and supporting men, is obtained with less capital. |
| www.yale.edu /lawweb/avalon/econ/labdef.htm (11454 words) |
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