[195]Ibid., book vii, chap. vii.
[196]D. Ricardo, On the Principles of Political Economy and Taxation (3rd edition, London, 1821), p. 474.
[197]Ibid., p. 478.
[198]This essay, Sur la Balance des Consommations avec les Productions, is reprinted in the second edition of Nouveaux Principes, vol. ii, pp. 408 ff. Sismondi tells us about this discussion: ‘M. Ricardo, whose recent death has been a profound bereavement not only to his friends and family but to all those whom he enlightened by his brilliance, all those whom he inspired by his lofty sentiments, stayed for some days in Geneva in the last year of his life. We discussed in two or three sessions this fundamental question on which we disagreed. To this enquiry he brought the urbanity, the good faith, the love of truth which distinguished him, and a clarity which his disciples themselves had not heard, accustomed as they were to the efforts of abstract thought he demanded in the lecture room.’
[199]Ricardo. op. cit., p. 339.
[200]Sismondi, op. cit., vol. ii, p. 361.
[201]Nouveaux Principes ..., book iv, chap, iv: ‘Comment la Richesse commerciale suit l’Accroissement du Revenu’ (vol. i, p. 115).
[202]Sismondi, op. cit., vol. ii, p. 412.
[203]Ibid., p. 416.
[204]Ibid., p. 424.