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The Place of Science in Modern Civilisation, and Other Essays

Note 17 — PROFESSOR CLARK'S ECONOMICS[1]

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Among modern economic hedonists, including Mr. Clark, there stands over from the better days of the order of nature a presumption, disavowed, but often decisive, that the sensational response to the like mechanical impact of the stimulating body is the same in different individuals. But, while this presumption stands ever in the background, and helps to many important conclusions, as in the case under discussion, few modern hedonists would question the statement in the text.

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