be the practical result of the causes under B. (3.) Rent has fallen; money wages have fallen (even if (2) real wages have not); and, since real wages have not fallen in the proportion that their cost has been reduced, (2) profits will have risen. The general result of the causes under B alone, acting as just described, will then be:
B. (1.) Real wages remain the same; money wages less.
(2.) Profits rise.
(3.) Rents fall.
§ 4. Theoretical results, if all three Elements progressive.
We have considered, on the one hand, under A, the manner in which the distribution of the produce into rent, profits, and wages is affected by the ordinary increase of Population and Capital; and on the other, under B, how it is affected by improvements in production, and more especially in agriculture, as follows:
A. (1.) Wages the same. B. (1.) Real wages the same, money wages less. A. (2.) Profits fall. B. (2.) Profits rise.