Principles of Political EconomyPerry, Arthur Latham
General
Principles of Political Economy
Perry, Arthur Latham
Economics
Sinim_." The second bit of our analysis leads to Desires as an
essential and fundamental element in every commercial transaction.
(c) _There were two efforts_, those of the Tyrians as represented by
King Hiram and those of the Israelites as represented by King Solomon.
It was no holiday task that was implied in the proposition of Solomon
to the party of the other part,--"_Send me now cedar-trees, fir-trees,
and algum-trees out of Lebanon; for I know that thy servants are
skilful to cut timber in Lebanon; even to prepare me timber in
abundance, for the house which I am about to build shall be
wonderfully great._" On the other hand, the efforts insolved on the
part of the people of Israel in paying for these timbers, and for
their transportation by sea from Lebanon to Joppa, were equally
gigantic. Solomon's offer in return for the proposed service of the
Tyrian king was in these words,--"_And behold, I will give to thy
servants, the hewers that cut timber, twenty thousand measures of
beaten wheat, and twenty thousand measures of barley, and twenty
thousand baths of wine, and twenty thousand baths of oil._"
The reason why two efforts are always an element in every act of
traffic, however small or however large the transaction may be, is the
obvious reason, that the things rendered in exchange, whether they be
Commodities, Services, or Credits, invariably cost efforts of some
kind to get them ready to sell and to sell them, and no person can
have a just claim to render them in exchange, who has not either put
forth these efforts himself or become proprietor in some way of the
result of such efforts. Efforts accordingly are central in all trade.
Every trade in its inmost nature is and must be either an exchange of
two Efforts directly, as when one of two farmers personally helps his
neighbor in haying for the sake of securing that neighbor's personal
help in his own harvesting, or an exchange of two things each of which
is the result of previous Efforts of somebody, as when a man gives a
silver dollar for a bushel of wheat. The third bit of the present
analysis brings us to Efforts, perhaps the most important factor in
the whole list.
Public-domain text, read in full here on John Shaqi.
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