[115] Turgot, though a disciple of Quesnay, remained outside the Physiocratic school. He always referred to them contemptuously as “the sect.”

[116] “I am so struck with this notion that I think it must serve as the basis of this whole treatise.” (Chap. 1.)

[117] Le Commerce et le Gouvernement, p. 15.

[118] Ibid., Part I, chap. 1.

[119] “It is not correct to say that the exchanged values are equal; on the contrary, each party seeks to give a smaller value in exchange for a larger one. The process proves advantageous to both; hence, doubtless, the origin of the idea that the values must be equal. But one ought to have come to the conclusion that if each gains both must have given less and obtained more.” (Op. cit., pp. 55, 86.) Compare this with the quotation from de Trosne, p. 27, and note its psychological superiority.

[120] Op. cit., Part I, chap. 9.

[121] “Even where the land is covered with products there is no additional material beyond what there was formerly. They have just been given a new form, and wealth consists merely of such transformations.”

[122] Op. cit., Part I, chap. 29.

[123] In a recent study of the wage bargain we find M. Chatelain giving expression to similar ideas, though apparently knowing nothing of Condillac’s work.

[124] Op. cit., chap. xv, par. 8.