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25 Jany 1801
Paper Mischief
2. That, supposing the total mass of vendible articles
sold on the whole island in 1800 was double
or in any other proportion to the total mass of vendible
articles sold in the year 1760, then the
sum total of the sums of money employed in the
several purchases made in 1800 was exactly quadruple four
times as great as the sum total of the sums of money employed
in the several purchases made in 1760:
and that accordingly if in 1760 the amount
of that sum total was 100 millions, then in 1800 on
this latter supposition, in 1800 it was 400 millions.
Or if instead of being double i:e: as 4 to 2
the total mass of vendible articles sold in 1800
was to the total mass of vendible articles sold in 1760 as 3
only to 2, then if in 1760 the amount of the sum
total of the sums of money employed in the purchases
made in 1760 was 100 millions, then in 1800
it was 300 millions.
A consequence was that respecting the value of incomes, is – that
Supposing the sums that of money employed
in purchases made out out of income in the way of expenditure of
income to have been in the two different years in
the same ratio to the sums employed in all other
purchases, the sums of money employed in purchases
made out of income for a given quantity of
vendible goods articles of the same quality must have
been double in 1800 to what they were in 1760:
consequently that after allowance made for accidental
variation of price as between day and day, article and
article, place and place, and customer and customer, no
more the
Identifier: | JB/003/108/001 "JB/" can not be assigned to a declared number type with value 3.
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manual of political economy |
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jeremy bentham |
1798 a<…> |
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