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In the excellent work of M. de Sismondi, De la richesse commerciale, he says in a note on the subject of rent, 'Cette partie de la rente fonciere est celle que les Economistes ont decoree du nom du produit net comme etant le seul fruit du travail qui aj outat quelquechose a la richesse nationale.
"There are circumstances," say the venerable and conservative lawyers of the Parliament, "when magistrates may look on their loss of court favor as an honor. It is when they are consoled by public esteem." Lavergne, Economistes, 103.
Corr., ii. 110, 128. For a sympathetic account of the Abbé de Saint Pierre's life and speculations, see M. Léonce de Lavergne's Economistes français du 18ième siècle (Paris: 1870). Also Comte's Lettres
As it was, his Liberalism was tempered by an 'abhorrence of the spirit of 1789, of the American War, of the French Economistes, and of the English Whigs of the latter part of the seventeenth century'; and he always entertained a profound respect for the hereditary peerage. It might almost be said, in fact, that he was an orthodox Liberal.
Besides the large number of accounts which his new duties required him to make out, and which retarded the publication of the "System of Economical Contradictions," until October, 1846, we ought to mention a work, which, before it appeared in pamphlet form, was published in the "Revue des Economistes," "Competition between Railroads and Navigable Ways."
Now, if there is no standard of value, if the measure of value is not even a metaphysical illusion, what then is the law which governs exchanges? . . . . . As we have said before, it is, in a general way, SUPPLY and DEMAND: that is the last word of science." Now, how did "Le Journal des Economistes" prove that there is no measure of value?
Journal des Economistes," April, 1843. And as it is characteristic of a luminous idea to throw light on all questions connected with it, professional instruction furnishes M. Chevalier with a very expeditious method of deciding, incidentally, the quarrel between the clergy and the University on liberty of education.
This mistaken belief in England's weakness arose out of the doctrine taught by the Economistes or Physiocrates in the latter half of last century, that commerce was not of itself productive of wealth, since it only promoted the distribution of the products of the earth; but that agriculture was the sole source of true wealth and prosperity.
This mistaken belief in England's weakness arose out of the doctrine taught by the Economistes or Physiocrates in the latter half of last century, that commerce was not of itself productive of wealth, since it only promoted the distribution of the products of the earth; but that agriculture was the sole source of true wealth and prosperity.
Lavergne, les Economistes, 219. Turgot, iii. 335; viii. 273, 330. The financial situation of France was undoubtedly serious. The cause of this was far less the amount of the debt, or the excess of expenditure over revenue, than the total demoralization of the public service. The expenses of the court were not less than thirty millions.
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