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A history of economic doctrines

Note 61 — Chapter I · : THE PHYSIOCRATS

R. (Robert) Richards translation

“Exchange is a contract of equality, equal value being given in exchange for equal value. Consequently it is not a means of increasing wealth, for one gives as much as the other receives, but it is a means of satisfying wants and of varying enjoyment.” (Le Trosne, pp. 903, 904.) But what does this satisfying of wants and variation of enjoyment signify if it does not mean increased wealth?

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