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History of Civilization in England, Vol. 1 of 3

Note 391 — Chapter V

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A striking instance has lately come to light of the sagacity with which Hume employed this method. See Burton's Life and Correspondence of Hume, vol. ii. p. 486; where we find, that immediately Hume had read the Wealth of Nations, he detected Smith's error concerning rent being an element of price: so that it now appears that Hume was the first to make this great discovery, as far as the idea is concerned; though Ricardo has the merit of proving it.

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