deny, and say,
on the contrary, that it is the true principle that all things are
finding their level, like water in a storm.'--Coleridge's
_Table-Talk_, 17th May 1833.

[302] _Letters to Malthus_, p. 96; and see the frequently quoted
passage where he complains that Malthus has taken his book as more
'practical' than he had intended it to be, and speaks of his method of
imagining 'strong cases.'--_Ibid._ p. 167.

[303] _Works_, p. 40 _n._ (ch. ii.).

[304] _Works_, p. 53 (ch. v.), and p. 124 (ch. xvi.), where he quotes
from the _Wealth of Nations_ (M'Culloch), p. 390 (bk. v. ch. ii. art.
3).

[305] _Works_, p. 131.

[306] _Wealth of Nations_ (M'Culloch), p. 31 (bk. i. ch. viii.).

[307] _Works_, p. 41 (ch. ii.).

[308] _Wealth of Nations_ (M'Culloch), p. 36.

[309] _Works_, p. 51 (ch. v.).

[310] _Letters to Malthus_, p. 98.

[311] _Works_, p. 239 (ch. xxxi., added in third edition, 1821).

[312] _Ibid._ p. 50 (ch. v.).

[313] _Ibid._ p. 52.

[314] _Ibid._ p. 15 (ch. i. sec. ii.).

[315] There is, indeed, a difficulty which I happily need not discuss.
Undoubtedly the doctrine of gluts was absurd. There is, of course, no
limit to the amount of wealth which can be used or exchanged. But
there certainly seems to be a great difficulty in effecting such a
readjustment of the industrial system as is implied in increased
production of wealth; and the disposition to save may at a given time
be greater than the power of finding profitable channels for employing
wealth. This involves economical questions beyond my ability to
answer, and happily not here relevant.

[316] _Letters to Malthus_, p. 101.

[317] _Ibid._ p. 52.

[318] _Works_, p. 174 (ch. xxi.).

[319] _Works_, p. 66 (ch. vi.).

[320] _Works_, p. 240 (ch. xxxi.).

[321] Ricardo, _Works_, p. xxiv.

[322] Menger's _Das Recht auf den vollen Arbeitsertrag_ (1891), p. 38.

[323] _Works_, p. 228 (ch. xxviii.).

[324] _Works_, pp. 29, 60.

[325] _Ibid._ p. 166.

[326] _Works_, p. 170 (ch. xx.).

[327] _Ibid._ p. 7.

[328] So he tells Malthus (_Letters_, pp. 173, 174) that the buyer has
'the least to do in the world' with the regulation of prices. It is
all the competition of the sellers. 'Demand' influences price for the
moment, but 'supply follows close upon its heels, and takes up the
regulation of price.'

[329] _Works_, p. 234.

[330] Bentham's _Works_, x. 498.

[331] _Works_, p. 250 (ch. xxxii.).

[332] Stewart's _Works_, x. 3