Note 263-2 — Chapter III

According to § 165, we might say: where the product of the workman last employed is not sufficient to meet his own wants. Thus J. B. Say says that only that can be considered a product, the utility of which is at least equal to its cost. He makes use of the example where a three days' journey is necessary to obtain the food requisite for one. As the limits of production he gives the following: too few human wants; too costly methods of production; too high taxes, natural obstacles created by infertility or too great distance. (Traite I, ch. 15. Cours pratique, I, 349.)