The exposition of 1851 : $b or, Views of the industry, the science, and the government, of EnglandBabbage, Charles
History
The exposition of 1851 : $b or, Views of the industry, the science, and the government, of England
Babbage, Charles
Great Exhibition (1851 : London, England)
This naturally led him to suppose that the cheapness of the first glass
arose from the accident of its proprietor being about to retire from
business, and he therefore decided upon confining his indulgence in the
luxury of white light to his single reading lamp. One day, however, he
accidentally saw in another shop window a similar globe of blue glass.
On inquiring within, he was informed that its price was 1_s._, and that
the price per dozen was 11_s._
Under these new circumstances he provided a blue globe for every lamp in
his house.
Now it is necessary to observe that these glasses, charged at 3_s._,
1_s._ 6_d._, and 1_s._, were offered for sale at three different shops
not distant from each other a mile and a half, and were not only of the
same size, weight, shade of colour and quality of glass, but had each
the same maker’s stamp upon them, and may possibly have been taken from
the same pot of glass. It is remarkable also that the cheapest glass
globe, although exposed in the shop window, had no price attached to it.
§ It is obvious, if it were the custom invariably to mark the price upon
each article exposed for sale, that such unreasonable differences of
price in the same article could not exist. It is certain that, if the
Royal Commissioners were to consult the dealer who charged 3_s._ for an
article sold by his neighbour at 1_s._, they would be informed that it
would be absolutely ruinous to have prices affixed to articles
exhibited. Such a tradesman would assure them, and with perfect truth,
that it would entirely destroy his trade. But if he cannot live upon the
ordinary profits of capital employed in his trade, are the unwary public
to pay two hundred per cent. beyond the market price, in order to
support a tradesman unfit for his business? If, on the other hand, the
Commissioners were to ask the opinion of the tradesman who sold the
glass at 1_s._, he undoubtedly would not object to the general practice
of affixing prices to each article. The opinion of the vendor of the
glass at 1_s._ 6_d._ was sufficiently expressed by its being attached to
that article.
§ There are several causes assigned for the admitted repugnance of
shopkeepers to allow the price of any article they sell to be marked
upon it.
It is broadly asserted that the public, being unable to judge of the
article, will be guided too much by the cheapness of its money price,
neglecting its other qualities, and will thus be induced to purchase
worthless things.
Public-domain text, read in full here on John Shaqi.
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