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Date: | Fri Mar 14 17:28:33 2008 |
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Two other quotations from JB Clark may elucidate the matter
"While there is no danger that any theory may establish a permanent reign of
practical socialism, there is a general and not unfounded fear of agitations
and attempts in this direction ; and systems of economic science must submit to
be judged, not merely by their correctness or incorrectness, but by their
seeming tendency to strengthen or weaken the social fabric. In this view can
that theory be the one desired which in any way obscures the action of moral
forces in originating, developing and sustaining the institution of property,
and which tends, however remotely, to place that institution on a de facto
basis?"
"Recent Theories of Wages", New Englander and Yale Review, 42:174,354-364 at p.
363
And "Does society proceed capriciously in the allotment of rewards and
sacrifices? Do some classes fail to get the proportionate benefit that is
properly theirs?"
"Society tends actually to conform to the rule 'to every man the product that
is distinctly attributable to the sacrifice the he or others in his interest
have made'". "Distribution, Ethics of" in Palgrave's Dictionary of Political
Economy, London: Macmillan, vol ?, pp. 596-9 at p. 597 & 599.
Nicholas J. Theocarakis
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