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Page 131 of 2651

Author: Adam Smith

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Common farmers seldom employ any overseer to direct the general
operations of the farm. They generally, too, work a good deal
with their own hands, as ploughmen, harrowers, etc. What remains
of the crop, after paying the rent, therefore, should not only
replace to them their stock employed in cultivation, together
with its ordinary profits, but pay them the wages which are due
to them, both as labourers and overseers. Whatever remains,
however, after paying the rent and keeping up the stock, is
called profit. But wages evidently make a part of it. The farmer,
by saving these wages, must necessarily gain them. Wages,
therefore, are in this case confounded with profit.

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