Eléments, chap. I, sect. ii

33. Ricardo à MacCulloch, 17 janvier 1821 : I do not know whether 1 bave ever told you that Mr. Mill is engaged in writing an elementary work on political economy. You know, I believe, that he agrées wilh you and me in the principles which we think the correct ones, and consequently it is tbose principles which he will endeavorto explain and élucida te. When I last saw him it was bis intention to steer clear if possible of the difficult word value.

(Pp. 71-73) NOTES. 405

34. Ricardo à Malthas, 24 novembre 1820 : « Fifty oak trees valaed at £ 20 each do not contain as rouch labour as a stone wall in Gloucestenhire, which costs £ 1000 ». I bave answered your question, let me ask yoQ one. Did you e?er believe that I thought fifty oak trees would cost as much labour as the stone wall?I really do notwant such propositions to be granted in order to support my System.