Economic Sophisms/230

<pagequality level="3" user="Zoeannl" />style="background: #ececec; text-align: left; padding-left: 0.5em; font-weight: bold;" class="table-rh" pretend not to see it. The shipwrecked plank rendered fifteen days of Robinson's labour inert, in as far as that labour was applied to making a plank, but it did not deprive him of it. Discriminate, then, between these two kinds of diminished labour—the diminution which, has for effect privation, and that which has for its cause satisfaction. These two things are very different, and if you mix them up, you reason as Robinson did. In the most complicated, as in the most simple cases, the sophism consists in this : Judging of the utility of labour by its duration and intensity, and not by its results; which gives rise to this economic policy: To reduce the results of labour for the purpose of augmenting its duration and intensity."