Readings in economics for China, selected materials with explanatory introductions . alth or not. Allthat has been said of water may be said of anything same test must be applied to determine whether itis wealth or not. As a matter of fact, water, like agreat many other things, is sometimes too abundant,—so abundant that men find it to their advantage to go toconsiderable pains to get rid of some of it or to lessenthe supply. In such cases it may be called illth. Inthe diagram below is a classification of all tangibleobjects with which it would be possible for man toconcern himself. T
Readings in economics for China, selected materials with explanatory introductions . alth or not. Allthat has been said of water may be said of anything same test must be applied to determine whether itis wealth or not. As a matter of fact, water, like agreat many other things, is sometimes too abundant,—so abundant that men find it to their advantage to go toconsiderable pains to get rid of some of it or to lessenthe supply. In such cases it may be called illth. Inthe diagram below is a classification of all tangibleobjects with which it would be possible for man toconcern himself. Those which are harmful to himhe must try to exterminate. Toward those which areuseless without being in the way or being otherwiseharmful, he is indifferent. Those which are useful tohim, called goods, concern him most. Of these, someare too abundant at certain times and places. In suchtimes and places his attitude toward them must be verymuch the same as that toward those that are positivelyharmful. Yet when they exist in smaller quantities, 178. READINGS IN ECONOMICS 3 am 3fc.
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Keywords: ., bookcentury1900, bookdecade1920, booksubjecteconomics, bookyear19
