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§ 10
Indirect Legislation § 10
one: since the premium must at any rate
be paid; which is incurring a certain lt to save
one's self from an uncertain loss.
These considerations make it expedient a matter to be wished for, in one
point of view at least, that against all losses, which are
liable to come upon a man unexpectedly &
without his default, the state itself were to take upon itself the burthen of insurance.(b)
should were. The more contributors there are,⊞ ⊞ the estate of each being given the less
is the ratio which a given loss bears to the
means which† † any given person of them has [each of them has] any one they severally have of bearing sustaining it:
and
NOTE
this sort. But these are but of recent date: nor
do they extend to more than a few small part of the
whole number of offenses.
(b) It will be observed, that on the other hand, a
public fund is more exposed to frauds and dissipation
than a private one; in which latter the losses
coming home immediately to individuals, render
the motives inducements to vigilance and œconomy more
forcible than they can be expected to be in the other case. But
to enter into a comparative detail of the advantages
and disadvantages of the several institutions that
may come to be suggested, or to enquire into the
neither means that may be employ'd for removing the
disadvantages is not our business here.
Identifier: | JB/087/130/004 "JB/" can not be assigned to a declared number type with value 87.
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jeremy bentham |
[[watermarks::r williams [britannia with shield emblem]]] |
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c. hamilton |
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