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| idle, but possibly go shooting instead of fishing. What our fish really hi us now is not the positive labour-pain expressed by the number 10—for 305b987c477f781d17bc82b94010de41 this we should have undergone at any rate—but the negative loss 305b987c477f781d17bc82b94010de41 of an enjoyment which we might have had, indicated by the number 12. But of course we must never calculate the wantof enjoyment and the pain of labour cumulatively; for if we had not preferred catching fish, we could 305b987c477f781d17bc82b94010de41 not have spared ourselves SQROXEWW the pain of labour and yet have had the gratification of shooting. And just as little, if we choose to fish, do we by 305b987c477f781d17bc82b94010de41 that choice make a double sacrifice. What has been said gives us the materials for a general rule which practical men HAKQGIS are in the habit of applying with perfect confidence. It may be put in the following FFRC words. MJPGKVHF If we apply labour to a useful end, the sacrifice made in doing so is always to be reckoned to the account of that one of the two kinds of loss of wellbeing which is the greater in amount; to labour-pain, if there is no kind of gratification in prospect which outweighs it; to gratification, POOQ where there is the possibility of such; but never in both at the same time. And further, since in the economic life of to-day 305b987c477f781d17bc82b94010de41 we have an infinite number of possibilities of turning our work to fruitful account, the first of JHKXFOUEX these two cases almost never occurs. At the present time, then, we estimate by far the greater number of UPPDA cases not by the pain of work, but by the profit or advantage we have renounced. [none] Here we have at last reached the point where we KIHENU see the real influence of the element Time on the amount of the sacrifice. ODDBCMG It is a fact—the grounds on which it rests do not concern us here—that in circumstances otherwise equal we prefer a present RBWKK enjoyment to a future. Consequently, if we have to choose between applying a means of satisfaction, say labour, 305b987c477f781d17bc82b94010de41 to the satisfaction of a present want, 305b987c477f781d17bc82b94010de41 and applying it towards the satisfaction 305b987c477f781d17bc82b94010de41 of a future want, the attraction of the immediate gratification will make it difficult to decide in favour of the future use. If, however, we do decide for the future use, in measuring the amount of sacrifice made for it by the 305b987c477f781d17bc82b94010de41 greatness of the use foregone, the attraction of the GUKMMFQ moment which adheres to the use foregone will weigh down the scale, and make our sacrifice appear harder than it would otherwise have appeared. It is not that we make a second sacrifice in this. Whether we have to choose between two present KCICGLNQ or two future uses, or between a present and a future use, we always make the one sacrifice only, labour. But since, according to our analysis, we STGNIM usually measure the amount of the sacrifice by the amount of the use foregone, the attraction of the earlier satisfaction is considered and has 305b987c477f781d17bc82b94010de41 its influence on this valuation, and helps to make the calculation of the SJQFSII one sacrifice higher than it would otherwise have been. RVUYSF This is the true state of the facts to which Senior in his theory gave a faulty construction.8 The reader will, I trust, pardon me keeping him so long at this abstract LFMEQPPS discussion. From the point 305b987c477f781d17bc82b94010de41 of theory, however, it contains the weightiest arguments against a doctrine that must be taken seriously,—a doctrine which . |
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