“And, first, I premise that labour is, as I have already intimated, a commodity, and as such, an article of trade. If I am right in this notion, then labour must be subject to all the laws and principles of trade, and not to regulations foreign to them, and that may be totally inconsistent with those principles and those laws. When any commodity is carried to market, it is not the necessity of the vender, but the necessity of the purchaser that raises the price. The extreme want of the seller has rather (by the nature of things with which we shall in vain contend) the direct contrary operation. If the goods at market are beyond the demand, they fall in their value; if below it, they rise. The impossibility of the subsistence of a man, who carries his labour to a market, is totally beside the question in this way of viewing it. The only question is, what is it worth to the buyer? But if authority comes in and forces the buyer to a price, who is this in the case (say) of a farmer, who buys the labour of ten or twelve labouring men, and three or four handycrafts, what is it, but to make an arbitrary division of his property among them? [Thoughts and Details on Scarcity]”
Edmund Burke, was born in Dublin, January 12, educated at a Quaker boarding school and at Trinity College, Dublin. In 1750 he entered the Middle Temple, London, but soon abandoned law for literary work.
The best of Burke's writings and speeches belong to this period, and may be described as a defense of sound constitutional statesmanship against prevailing abuse and misgovernment. In 1788 he opened the trial of Warren Hastings by the speech which will always rank among the masterpieces of English eloquence.
Burke had vast knowledge of political affairs, a glowing imagination, passionate sympathies, and an inexhaustible wealth of powerful and cultured expression. However, his delivery was awkward and speeches which today captivate the reader only served to empty the benches of the House of Commons (some speeches were in excess of eight hours).
One of the foremost political thinkers of 18th century England, Burke died July 9, 1797, and was buried in a little church at Beaconsfield.