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A history of economic doctrines

Note 336 — Chapter III · : THE PESSIMISTS

R. (Robert) Richards translation

“If fixed capital be not of a durable nature it will require a great quantity of labour annually to keep it in its original state of efficiency, but the labour so bestowed may be considered as really expended on the commodity manufactured, which must bear a value in proportion to such labour.” (Principles, ed. Gonner, p. 32.)

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