The name is absent

require a construction such as that which has been employed
by us.

Another difference between our and their constructions is that
they seem to confine themselves to the simpler species of curve
which we have called primary (ante, p. 430). With reference to
the law^τ of supply and demand thus conceived, they rightly
argue that a bounty can never be beneficial to the community
as a whole (Theorie, p. 425). They miss Professor Marshall’s-
conclusion that a bounty attended with what we have called
organic changes, bringing the law of increasing returns into play,
may be beneficial.¹

I trust that this third and concluding part of my study on
international value will corroborate the two preceding parts : that
the theories enounced in those parts will be at once confirmed
by their general agreement, and not discredited by their
occasional discrepancy with the principal authorities on the
subject. I regret that the negative portion of this result could
not be attained without the use of controversy.

F. Y. Edgeworth

¹ Ante, p. 438.

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