Suppose a labourer to be paid a bushel of corn for a week's work, when the price of corn is 80s per quarter, and that he is paid a bushel and a quarter when the price falls to 40s.  Suppose, too, that he consumes half a bushel of corn a-week in his own family, and exchanges the remainder for other things, such as fuel, soap, candles, tea, sugar, salt, &c. &c.; if the three-fourths of a bushel which will remain to him, in one case, cannot procure him as much of the above commodities as half a bushel did in the other, which it will not, will labour have risen or fallen in value?  Risen, Adam Smith must say, because his standard is corn, and the labourer receives more corn for a week's labour.  Fallen, must the same Adam Smith say, "becaue the value of a thing depends on the power of purchasing other goods which the possession of that object conveys," and labour has a less power of purchasing such other goods.                                                                                                               -- David Ricardo

Blues and Greens

Guelfs                                                           and                                                       Ghibellines

"Far" Left

"Far" RIGHT

Michael Moore

Maurice McTigue

Bjorn Lomborg

Paul Krugman

Denmark's National Environmental Assesment Institute

Victor Frolke

Lost Cities of The Amazon

New French Politics