What, now, is the significance of this appeal from ANALYSIS to the false judgments of the synthesis? These metaphysical terms are of no use, save to indoctrinate simpletons, who do not suspect that the same proposition can be construed, indifferently and at will, analytically or synthetically. LABOR IS THE PRINCIPLE OF VALUE END THE SOURCE OF WEALTH: an analytic proposition such as M. Rossi likes, since it is the summary of an analysis in which it is demonstrated that the primitive notion of labor is identical with the subsequent notions of product, value, capital, wealth, etc. Nevertheless, we see that M. Rossi rejects the doctrine which results from this analysis. LABOR, CAPITAL, AND LAND ARE THE SOURCES OF WEALTH: a synthetic proposition, precisely such as M. Rossi does not like. Indeed, wealth is considered here as a general notion, produced in three distinct, but not identical, ways. And yet the doctrine thus formulated is the one that M. Rossi prefers. Now, would it please M. Rossi to have us render his theory of monopoly analytically and ours of labor synthetically? I can give him the satisfaction. . . . . But I should blush, with so earnest a man, to prolong such badinage. M. Rossi knows better than any one that analysis and synthesis of themselves prove absolutely nothing, and that the important work, as Bacon said, is to make exact comparisons and complete enumerations. Since M. Rossi was in the humor for abstractions, why did he not say to the phalanx of economists who listen so respectfully to the least word that falls from his lips: "Capital is the MATERIAL of wealth, as gold and silver are the material of money, as wheat is the material of bread, and, tracing the series back to the end, as earth, water, fire, and air are the material of all our products. But it is labor, labor alone, which successively creates each utility given to these MATERIALS, and which consequently transforms them into capital and wealth. Capital is the result of labor,-- that is, realized intelligence and life,--as animals and plants are realizations of the soul of the universe, and as the chefs d'oeuvre of Homer, Raphael, and Rossini are expressions of their ideas and sentiments. Value is the proportion in which all the realizations of the human soul must balance each other in order to produce a harmonious whole, which, being wealth, gives us well-being, or rather is the token, not the object, of our happiness. "The proposition, THERE IS NO MEASURE OF VALUE, is illogical and contradictory, as is shown by the very arguments which have been offered in its support.