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In the actual business of life, we commonly find some labourers out of employment, and more at one time than at another. So long however as the whole stock of food is sufficient for the possible maintenance of all, want of employment does not arise from an absence of demand for labour in general. It depends on more partial causes. The inability of the labourers to change at pleasure the quality and direction of their capacity to labour, and to adjust it to the varying tastes and demands of those who have the food of the country at their disposal, will prevent some from obtaining employment, whenever such variations may occur. Another impediment consists in the difficulty of arranging contracts—a difficulty, which is periodically increased or mitigated by oscillations in the currency. A third arises out of the greater trustiness and greater ability to labour of some than others, while all insist on an equal recompense. Abstracting however from all these disturbing causes, with which I am not now concerned, we may safely lay down the general proposition, that the channel of employment can always receive as many labourers as can live; from which it follows, that employment will be co-
