chapter  XLII
6 Pages

OTHER INCIDENTAL EFFECTS, AND CONCLUSION

JUST as in Adam Smith's time the use of the jack-plane injured the physical health of the carpenter, so speculation tends to exercise a destructive influence upon the capacities of those who engage in it. And as in neither case would

earnings contain an amortization fund to compensate for the damage done, the injury is a net evil and must be separately estimated in any account of the social importance of the occupation.