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In Great Britain, the real recompence of labour, it has already

been shewn, the real quantities of the necessaries and

conveniencies of life which are given to the labourer, has

increased considerably during the course of the present century.

The rise in its money price seems to have been the effect, not of

any diminution of the value of silver in the general market of

Europe, but of a rise in the real price of labour, in the

particular market of Great Britain, owing to the peculiarly happy

circumstances of the country.