Miscellaneous Works volume 2

Cover Miscellaneous Works volume 2
Miscellaneous Works volume 2
Carey, Henry Charles, 1793-1879
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I regard this formula as most felicitous ; because, while on one side it retains the idea of cost, which is constantly referred to in the mind, on the other it avoids the absurdity to which we are led by the theory which pretends to see everywhere a value equivalent to the cost of production ; and, finally, it shows more perfectly the essential justice that governs us in our exchanges. " FEHRARA : Biblioteca deli' Economista, vol. Xii. P. 117. F CxREy. Principles of Political Economy, vol. I. ,... Philad. , 1837. J BASTIAT. Harmonies Economiques, Paris, 1850. Ibid. II Carey, Past, Present, and Future, Philad. , 1848. Opposed to that discord which resulted necessarily from the idea that whereas, in regard to all the parts of the earth out of which machines were made man, was always passing from the poorer to the better with steady improvement in his condition, when he came to the occupation of the whole he pursued a course that was entirely different, passing always, and necessarily, from the richer to the poorer soils, and thus bringing about a state of things in which a constantly increasing portion of the human race must " regularly die of want.

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