The exposition of 1851 : $b or, Views of the industry, the science, and the government, of EnglandBabbage, Charles
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The exposition of 1851 : $b or, Views of the industry, the science, and the government, of England
Babbage, Charles
Great Exhibition (1851 : London, England)
A collection of small squares of sealing-wax would be cheaper, and might
if duly verified by comparison with the porcelain standard be in many
cases a useful instrument. Glass also might supply a suit of transparent
colours of great interest. A complete collection of the enamel colours
used for the mosaic work made at Rome would also be instructive.
§ Perhaps the most important advantage which such an Exposition can
confer, is to instruct the consumer in the art of judging of the
character of the commodity he is about to purchase. Besides the money we
pay in return for the skill, labour, and capital expended in producing
each article we purchase; a further, and often a very considerable sum
is paid in order to assure us that it possesses those qualities which
the vendor has asserted. This is called the _cost of verification_; in
some cases, as in that of white sugar, it is very small, for almost
every one can see by its external character the degree of goodness of
that article. In other cases nothing less than a whole life spent in
acquiring a knowledge of his subject, can be of any avail, as _in the
case of the purchase of a field_. The verification of the fact that the
vendor has really the right to sell it, can, in many cases, be arrived
at only by a profound chancery-lawyer, and sometimes requires an expense
even beyond the value of the field itself.
When the purchaser has been convinced that he is no judge of the
goodness of an article, he usually buys it at some shop having the
reputation of selling only the best of the kind. In this case he justly
pays a higher price to the vendor, who ought to be remunerated for his
skill in selecting good articles from the manufacturer or merchant, and
for his integrity in not taking advantage of the ignorance of his
customer.
It may be contended that it is cheaper for the purchaser to pay for the
use of the skill and integrity of the vendor than to spend his own time
in acquiring the same skill; and in many instances this is true. Still,
however, the integrity remains to be paid for, and if simple and ready
modes of verification were more generally known, a very large portion of
this loss of time would be saved.
In all those articles which are easily verified the retail price varies
but little; whilst on those that are difficult to verify, the price of
the same article, although apparently of the same quality, will be found
to vary considerably at different shops.
Public-domain text, read in full here on John Shaqi.
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