Ethics of Democracy; a Series of Optimistic Essays On the Natural Laws of Human Society

Cover Ethics of Democracy; a Series of Optimistic Essays On the Natural Laws of Human Society
Ethics of Democracy; a Series of Optimistic Essays On the Natural Laws of Human Society
Louis Freeland Post
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To recur for illustration to the examples : When those houses are finished, their possession will save equal Labor.
Consequently they have equal Value, and the two men will exchange their respective undivided interests equally.
Each will swap his undivided interest in the house he gives, for the other's undivided interest in the house he gets. So each comes to own, as the result of his own labor, a whole house, which neither is capable of building by himself.
Likewise with the errands. When the
...y are done, the two men have at the central point, where they are wanted, two loaves of bread fetched a mile in one direction, and two pieces of meat fetched a mile in another. As the possession of either loaf will save further Labor in equal degree, they have equal Value. Similarly of the pieces of meat. But how much Labor would each loaf of bread save over and above its cost at the mile-away bak- Digitized by Google AN ECONOMIC EXPLORATION 239 try? Obviously not more than a two-mile walk. Precisely so with the pieces of meat.

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