Economic Sophisms/28

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We have just seen that between our wants and the satisfaction of these wants, obstacles are interposed. We succeed in overcoming these obstacles, or in diminishing their force by the employment of our faculties. We may say in a general way, that industry is an effort followed by a result.

But what constitutes the measure of our prosperity, or of our wealth? Is it the result of the effort? or is it the effort itself? A relation always subsists between the effort employed