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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



(or quittance…taker) of death〃; a person versed in the highest



branches of arithmetic; and punctual in her habits; with whom



accounts current have been opened also in modern days。 







25。 The most accurately nugatory labour is; perhaps; that of



which not enough is given to answer a purpose effectually; and



which; therefore; has all to be done over again。 Also; labour



which fails of effect through non…co…operation。 The cure of a



little village near Bellinzona; to whom I had expressed wonder



that the peasants allowed the Ticino to flood their fields; told



me that they would not join to build an effectual embankment high



up the valley; because everybody said 〃that would help his



neighbours as much as himself。〃 So every proprietor built a bit



of low embankment about his own field; and the Ticino; as soon as



it had a mind; swept away and swallowed all up together。 







26。 Observe; I say;  rearing;〃 not 〃begetting。〃 The praise is in



the seventh season; not in sporitos; nor in phutalia; but in



opora。 It is strange that men always praise enthusiastically any



person who; by a momentary exertion; saves a life; but praise



very hesitatingly a person who; by exertion and self…denial



prolonged through years; creates one。 We give the crown 〃ob civem



servatum〃;  why not 〃ob civem natum?〃 Born; I mean; to the



full; in soul as well as body。 England has oak enough; I think;



for both chaplets。 







27。 When Mr Mill speaks of productive consumption; he only means



consumption which results in increase of capital; or material



wealth。 See I。 iii。 4; and I。 iii。 5。 







28。 So also in the vision of the women bearing the ephah; before



quoted; 〃the wind was in their wings;〃 not wings 〃of a stork;〃 as



in our version; but 〃miivi;〃 of a kite; in the Vulgate; or



perhaps more accurately still in the Septuagint; 〃hoopoe;〃 a bird



connected typically with the power of riches by many traditions;



of which that of its petition for a crest of gold is perhaps the



most interesting。 The 〃Birds〃 of Aristophanes; in which its part



is principal; are full of them; note especially the



〃fortification of the air with baked bricks; like Babylon;〃 I。



550; and; again; compare the Plutus of Dante; who (to show the



influence of riches in destroying the reason) is the only one of



the powers of the Inferno who cannot speak intelligibly and also



the cowardliest; he is not merely quelled or restrained; but



literally 〃collapses〃 at a word; the sudden and helpless



operation of mercantile panic being all told in the brief



metaphor; 〃as the sails; swollen with the wind; fall; when the



mast breaks。〃







29。 The value of raw material; which has; indeed; to be deducted



from the price of the labour; is not contemplated in the passages



referred to; Mr。 Mill having fallen into the mistake solely by



pursuing the collateral results of the payment of wages to



middlemen。 He says〃 The consumer does not; with his own funds;



pay the weaver for his day's work。 〃Pardon me; the consumer of



the velvet pays the weaver with his own funds as much as he pays



the gardener。 He pays; probably; an intermediate ship…owner;



velvet merchant; and shopman; pays carriage money; shop rent;



damage money; time money; and care money; all these are above and



beside the velvet price; (just as the wages of a head gardener



would be above the grass price)。 but the velvet is as much



produced by the consumer's capital; though he does not pay for it



till six months after production; as the grass is produced by his



capital; though he does not pay the man who mowed and rolled it



on Monday; till Saturday afternoon。 I do not know if Mr。 Mill's



conclusion;  〃the capital cannot be dispensed with; the



purchasers can 〃 (p。 98); has yet been reduced to practice in the



City on any large scale。 







30。 Which; observe; is the precise opposite of the one under



examination。 The hardware theory required us to discharge our



gardeners and engage manufacturers; the velvet theory requires us



to discharge our manufacturers and engage gardeners。 







31。 It is one very awful form of the operation of wealth in



Europe that it is entirely capitalists' wealth which supports



unjust wars。 Just wars do not need so much money to support them;



for most of the men who wage such; wage them gratis; but for an



unjust war; men's bodies and souls have both to be bought; and



the best tools of war for them besides; which makes such war



costly to the maximum; not to speak of the cost of base fear; and



angry suspicion; between nations which have not grace nor honesty



enough in all their multitudes to buy an hour's 

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