The Uncollected Writings

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t (with the exception of one corollary on the supposed depopulating tendency of war and famine) deduces from it none but erroneous and Anti-Malthusian doctrines. That from a truth apparently so barren any corollaries were deducible-was reserved for Mr. Malthus to show. As corollaries, it may be supposed that they imply a logical act of the understanding. In some small degree, no doubt; but no more than necessarily accompanies every exercise of reason. Though inferences, they are not remote inferences, but immediate and proximate; and not dependent upon each other, but collateral. Not logic but a judicious choice of his ground placed Mr. Malthus at once in a station from which he commanded the whole truth at a glance-with a lucky dispensation from all necessity of continuous logical processes. But such a dispensation is a privilege indulged to few other parts of Political Economy, and least of all to that which is the foundation of all Political Economy, viz. the doctrine of value. Having therefore repeatedly chosen to tamper with this difficult subject, Mr. Malthus has just made so many exposures of his intellectual infirmities-which, but for this volunteer display, we might never have known. Of all the men of talents, whose writings I have read up to this hour, Mr. Malthus has the most perplexed understanding. He is not only confused himself, but is the cause that confusion is in other men. Logical perp

measure of value? I say then that the phrase-'measure of value' is an equivocal phrase; and, in Mr. Malthus's use of it, means indifferently that which determines value, in relation to the principium essendi, and that which determines value, in relation to the principium cognoscendi. Here, perhaps, the reader will exclaim-'Avoid, Satanas!' to me, falsely supposing that I have some design upon his eyes, and wish to blind them with learned dust. But, if he thinks that, he is in the wrong box: I must and will express scholastic phrases; but, having once done this, I am then ready to descend into the arena with no other weapons than plain English can furnish. Let us therefore translate 'measure of value' into 'that which determines value:' and, in this shape, we shall detect the ambiguity of which I complain. For I say, that the word determines may be taken subjectively for what determines X in relation to our knowledge, or objectively for what determines X in relation to itself. Thus, if I were to ask-'What determined the length of the racecourse?' and the answer were-'The convenience of the spectators who could not have seen the horses at a greater distance,' or 'The choice of the subscribers,' then it is plain that by the word 'determined,' I was understood to mean 'determined objectively,' i. e. in relation to the existence of the object; in other words, what caused the racecourse to be this length rather than another length: but, if the answer were-'An actual admeasurement,' it would then be plain that by the word 'determined,' I had been understood to mean 'determined subjectively,' i. e. in relation to

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