A. Accumulation, a circumstance of no account in Political Economy, page 169, note. Air, Atmospheric, has utility without having value, 137; but if pumped into a diving-bell, the service has value, 138. Algeria, usual rate of interest in, said to be 10 per cent., 302. Aphorisms, the Two, "Each for all, all for each"-"Each for himself, each by himself," 339-346. Opposed to each other if we regard the motive, not so if we look to results, 339. No incompatibility in this last view between individualism and association, 340. Men associate in obedience to self-interest, ib. Difficulties attending a state of isolation lead naturally to association, 341. As regards labour and exchanges, the principle "Each for himself" must be predominant, 342. By following the rule each for himself, individual efforts act in the direction of each for all, 343. Icarian expedition proceeded on the principle of all for each, 344, note. Principles of Socialism and Communism refuted, 343, 344. All desire monopolies and privileges, even the working classes, at their own expense, 345, 346. B. Barter, primitive form of exchange, direct or roundabout, 108. When barter is effected by means of an intermediate commodity, it is called sale and purchase, 109. Barter of two factors, 110. Value resolves itself into a barter of services, 137. Bastiat, Frédéric, his birth, parentage, and education, p. 9. His early friendship with M. Calmètes, ib. Begins the study of Political Economy, 10. Gives up commerce as a profession, ib. His friendship with M. Coudroy, ib. They study Philosophy and Political Economy together, ib. Takes part in the Revolution of 1830, 11. Bastiat publishes his first brochure in 1834, ib. Becomes Juge de Paix, and a Member of the Council-General, ib. Visits Spain, Portugal, and England, 12. Writes Le Fisc et la Vigne, ib. Publishes two other brochures in 1843 and 1844, ib. Anecdote regarding unfounded Anglophobia, ib. Sends his first contribution to the Journal des Économistes, 13. Publishes Cobden et la Ligue in 1845, ib. Letter to Mr Cobden quoted, ib. Named a corresponding member of the Institute, 14. Letter to M. Calmètes quoted, ib. Visits Paris, and introduced to leading economists, 15. Visits England in 1845, and makes the acquaintance of Cobden, Bright, and the other Corn-Law Leaguers, ib. Letter to M. Coudroy quoted, 15, 16. Bastiat complains of the hatred to England then prevalent in France, 16. Settles in Paris, ib. His appearance, as described by M. de Molinari and M. Reybaud, 17. Letters to Cobden and Coudroy quoted, ib. Conducts the Libre-Échange newspaper, 18. His mode of life in Paris, ib.