Note 177 — Chapter II · : ADAM SMITH

Pareto in his recent article L’Économie et la Sociologie au point de vue scientifique (Rivista di Scienza, 1907, No. 2) expresses himself as follows: “Underneath the actual prices quoted on the exchanges, prices varying according to the exigencies of time and place and dependent upon an infinite number of circumstances, is there nothing which has any constancy or is in any degree less variable? This is the problem that political economy must solve.”