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During the late 1790s, members of the French National Institute discussed
this theory in their evaluation of a prize contest on public loans. E.-J.
Sieyès had expressed support for the theory in manuscript, while P.-J.
Roederer refuted the view. For details, see the chapter on "Institute
Economists" in my _Minerva's Message_ (1996). In 1999 some of Sieyès's
manuscripts were published in an edition by Christine Fauré.
Martin S. Staum
University of Calgary
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