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A history of economic doctrines

Note 472 — Chapter II · : SAINT-SIMON, THE SAINT-SIMONIANS, AND THE BEGINNINGS OF COLLECTIVISM

R. (Robert) Richards translation

“It is our belief that profits diminish while wages increase; but the term ‘wages’ as we use it includes the profits that accrue to the entrepreneur, whose earnings we regard as the price of his labour.” (Le Producteur, vol. i, p. 245. The article is by Enfantin.)

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