Founds value on rarity, remarks on this doctrine, 167. His opinions on landed property quoted, 253. On the relations of Political Economy with Morals, Politics, and Legislation, 513, note. Services, human transactions, when free, resolve themselves into exchange of, 43. Value consists in comparative appreciation of, 73. Service is effort in one man, while the want and satisfaction are in another, 74. Exchange of, forms the subject of Political Economy, 133. Effort saved to the person who receives a service imparts value to the service rendered, 140-142. Service a better term than Labour, 158. Every product which has value implies a service, but every service does not imply a product; value, therefore, is in service, 174. When value passes from service to product, it undergoes, in product, all the risks and chances to which the service itself is subject, 176. Service is rendered by the man who furnishes capital, 199, 200. Private and Public service, 425. Where want so general as to be a public want, may be provided for by the community at large, 426. This does not alter essential principles of exchange, ib.; but modifies them, 429. Process explained, ib. Sophism that money paid to public functionaries comes back like rain on the citizens exposed, 430. Public services always extinguish private services of the same kind, ib. Public services leave no discretion to individuals, 432. Example of this, ib., note. Take away control over services both rendered and received, 433. Extinguish sense of responsibility, 434. Give rise to public discontent, 434, 435. Exclude competition, 435, 436. Question is, what services should remain in the domain of private exertion, what in that of public? 436. Government action is legitimate only where intervention of force legitimate, 437; and legitimate only in the case of defence of liberty and property, ib.; and to ensure the predominance of justice, 438, 439. When the State goes beyond this, it destroys liberty and property, which are placed under its safeguard, ib. Province of Government confined to what involves public security, taking care of common property, and levying contributions for public service, 440. Circumscribing the province of Government does not enfeeble, but strengthen it, 441. Example of the United States, 442. Slavery and protection in America active causes of revolution, ib. Revolution of February, remarks on, 444. Sismondi, M. de, referred to, 184. His doctrine on wealth and value controverted, 187. His false theory on the relations of capitalist and labourer, 384. Smith, Adam, wrong in representing value as residing only in material substances, 91.