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?©d?©ric, 1801-1850

"Essays on Political Economy"

Thus it was clearly shown, that what is true of
each, is not always true of all.
B. I see; you are supposing a general increase of counters, without a
corresponding increase of the sum placed under the candlestick.
F. And you are supposing a general increase of crowns, without a
corresponding increase of things, the exchange of which is facilitated
by these crowns.
B. Do you compare the crowns to counters?
F. In any other point of view, certainly not; but in the case you
place before me, and which I have to argue against, I do. Remark one
thing. In order that there be a general increase of crowns in a country,
this country must have mines, or its commerce must be such as to give
useful things in exchange for cash. Apart from these two circumstances,
a universal increase is impossible, the crowns only changing hands; and
in this case, although it may be very true that each one, taken
individually, is richer in proportion to the number of crowns that he
has, we cannot draw the inference which you drew just now, because a
crown more in one purse implies necessarily a crown less in some other.
It is the same as with your comparison of the middle height. If each of
us grew only at the expense of others, it would be very true of each,
taken individually, that he would be a taller man if he had the chance,
but this would never be true of the whole taken collectively.


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