3 Pages


On another point, Sidgwick follows usage less intelligently. "Under the head of 'distribution and exchange,'" he says," we examine the different proportions in which the produce of industry is shared among the different economic classes that have co-operated in producing it, the ratios in which different kinds of wealth are exchanged for each other, and the causes determining these proportions and ratios."1 We have here either a definite repetition of the unfulfilled pledge of Say and Ricardo to expound the variation of aggregate wages, interest, and rent relatively to one another, or else a careless use of words very unusual in Sidgwick. But the fact remains that Sidgwick, like Say and Ricardo, nowhere attempts a discussion on these lines.