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14 Decr 1801
Maximum
No compulsion &c.
Yet adequate influence
will not be wanting
Compulsion being out of the question, how it what
assurance it may be asked can you have that your
price when thus fixed settled will be accepted of [by
the parties interested]? but, and if not accepted of
then comes famine. I answer—the same assurance
that exists in all other cases instances: and
that in all other cases, is proved be to well-
provided by experience; natural sufficiency of the abundance of the
inducements for bringing the article to :
the absence of all inducements for keeping it
back. I should might have said a much stronger assurance
The measure of still obtainable profit will all be
a profit merely equal to the greatest that usually obtainable
in other trades - or at other times in this
trade - but much greater, the inducement while
without the maximum prompts men to keep
back the article, would by the maximum be taken
away: without the maximum, experience holds out
almost a quadruple price as obtainable, presumptions
might hold out a greater and indefinite one: the
maximum <note>admitting of no more than a double price little more or less
putting puts an end to all such expectations,
and leaves having the allowed price as the only obtainable
as well as abundantly sufficient price.
Identifier: | JB/003/230/001"JB/" can not be assigned to a declared number type with value 3. |
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1801-12-14 |
not numbered |
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003 |
manual of political economy |
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230 |
maximum |
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001 |
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text sheet |
1 |
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recto |
e2 |
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jeremy bentham |
1800 |
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1800 |
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1640 |
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