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may be charitable to provide; for some people; lighter dinner;
and more work; for others; it may be equally expedient to provide
lighter work; and more dinner。
14。 Book I。 chap。 iv。 s。 1。 To save space; my future references
to Mr Mill's work will be by numerals only; as in this instance;
I。 iv。 I。 Ed。 in 2 vols。 8vo。 Parker; 1848。
15。 If Mr Mill had wished to show the difference in result
between consumption and sale; he should have represented the
hardware merchant as consuming his own goods instead of selling
them; similarly; the silver merchant as consuming his own goods
instead of welling them。 Had he done this; he would have made his
position clearer; though less tenable; and perhaps this was the
position he really intended to take; tacitly involving his
theory; elsewhere stated; and shown in the sequel of this paper
to be false; that demand for commodities is not demand for
labour。 But by the most diligent scrutiny of the paragraph now
under examination; I cannot determine whether it is a fallacy
pure and simple; or the half of one fallacy supported by the
whole of a greater one; so that I treat it here on the kinder
assumption that it is one fallacy only。
16。 I take Mr Helps' estimate in his essay on War。
17。 Also when the wrought silver vases of Spain were dashed to
fragments by our custom…house officers; because bullion might be
imported free of duty; but not brains; was the axe that broke
them productive? the artist who wrought them unproductive? Or
again。 If the woodman's axe is productive; is the executioner's?
as also; if the hemp of a cable be productive; does not the
productiveness of hemp in a halter depend on its moral more than
on its material application?
18。 Filigree: that is to say; generally; ornament dependent on
complexity; not on art。
19。 These statements sound crude in their brevity; but will be
found of the utmost importance when they are developed。 Thus; in
the above instance; economists have never perceived that
disposition to buy is a wholly moral element in demand: that is
to say; when you give a man half…a…crown; it depends on his
disposition whether he is rich or poor with it whether he will
buy disease; ruin; and hatred; or buy health; advancement; and
domestic love。 And thus the agreeableness or exchange value of
every offered commodity depends on production; not merely of the
commodity; but of buyers of it; therefore on the education of
buyers; and on all the moral elements by which their disposition
to buy this; or that; is formed。 I will illustrate and expand
into final consequences every one of these definitions in its
place: at present they can only be given with extremest brevity;
for in order to put the subject at once in a connected form
before the reader; I have thrown into one; the opening
definitions of four chapters; namely; of that on Value (〃Ad
Valorem〃); on Price (〃Thirty Pieces〃); on Production (〃Demeter〃);
and on Economy (〃The Law of the House〃)。
20。 Perhaps it may be said; in farther support of Mr Ricardo;
that he meant; 〃when the utility is constant or given; the price
varies as the quantity of labour。〃 If he meant this; he should
have said it; but; had he meant it; he could have hardly missed
the necessary result; that utility would be one measure of price
(which he expressly denies it to be); and that; to prove
saleableness; he had to prove a given quantity of utility; as
well as a given quantity of labour: to wit; in his own instance;
that the deer and fish would each feed the same number of men;
for the same number of days; with equal pleasure to their
palates。 The fact is; he did not know what he meant himself。 The
general idea which he had derived from commercial experience;
without being able to analyze it; was; that when the demand is
constant; the price varies as the quantity of labour required for
production; or; using the formula I gave in last paper when
y is constant; x y varies as x。 But demand never is; nor can be;
ultimately constant; if x varies distinctly; for; as price rises;
consumers fall away; and as soon as there is a monopoly (and all
scarcity is a form of monopoly; so that every commodity is
affected occasionally by some colour of monopoly); y becomes the
most influential condition of the price。 Thus the price of a
painting depends less on its merits than on the interest taken in
it by the public; the price of singing less on the labour of the
singer than the number of persons who desire to hear him; and the
price of gold less on the scarcity which affects it in common
with cerium or iridium; than on the sunlight colour and
unalterable purity by which it attracts the admiration and
answers the trust of mankind。
It must be kept in mind; however; that I use the word
〃demand〃 in a somewhat different sense from economists usually。
They mean by it 〃the quantity of a thing sold。〃 I mean by it 〃the
force of the buyer's capable intention to buy。〃 In good English;
a person's 〃demand〃 signifies; not what he gets; but what he asks
for。
Economists also do not notice that objects are not valued by
absolute bulk or weight; but by such bulk and weight as is
necessary to bring them into use。 They say; for instance; that
water bears no price in the market。 It is true that a cupful does
not; but a lake does; just as a handful of dust does not; but an
acre does。 And were it possible to make even the possession of
the cupful or handful permanent; (i。e。 to find a place for them;)
the earth and sea would be bought up for handfuls and cupfuls。
21。 Compare George Herbert; The Church Porch; Staza 28。
22。 〃O Zeus dipou penetai〃 Arist。 Plut。 582。 It would but
weaken the grad words to lean on the preceding ones: 〃Oti tou
Platon parecho Beltionas; andpas; kai tin gnomen; kai ten idean。〃
23。 Zech。 v。 ii。
24。 Labour which is entirely good of its kind; that is to say;
effective; or efficient; the Greeks called 〃weighable;〃 or axios;
translated usually 〃worthy;〃 and because thus substantial and
true; they called its price time; the 〃honourable estimate〃 of it
(honorarium): this word being founded on their conception of true
labour as a divine thing; to be honoured with the kind of honour
given to the gods; whereas the price of false labour; or of that
which led away from life; was to be; not honour; but vengeance;
for which they reserved another word; attributing the exaction of
such price to a peculiar goddess; called Tisiphone; the 〃requiter