ABSTRACT
The general result of this double analysis may be summarised in the following tabular form.
In the ordinary economic account ‘costs’ appear entirely on the Production side of the account, ‘utility’ entirely on the Consumption side. Production is regarded not as good or desirable in itself, but only as a means towards an end, Consumption. On the other hand, all parts of Consumption are regarded as in themselves desirable and good, and are assessed as Utilities according to the worth which current desires, expressed in purchasing power, set upon them.
