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A history of economic doctrines

Note 1106 — Chapter I · : THE HEDONISTS

R. (Robert) Richards translation

Let P = value of product and x, y, z represent wages, interest, and rent respectively, then x + y + z = P, which is insoluble.

Nor does it seem much more hopeful when written out thus:

x = P - (y + z)

y = P - (x + z)

z = P - (x + y)

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