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Principles of Political Economy, Vol. 2

Note 196-2 — Chapter V

John J. (John Joseph) Lalor translation

An experienced Frenchman, Godard, estimates that of 100 industrial enterprises attempted or begun, 20 fail altogether before they have so much as taken root; that from 50 to 60 vegetate for a time in continual danger of failing altogether, and that, at the furthest, 10 succeed well, but scarcely with an enduring success. (Enquête commerciale de 1834, II, 233.)

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