52
POLITICAL ECONOMY
For the twelve apples a week I give Is. a
week, but rather than do without any apples
I would give for the twelve Is. 9d. My
consumer’s surplus reckoned in money is,
therefore, ninepence on the apples. For
convenience let us call this expression of the
surplus in terms of money monetary con
sumer’s surplus.
To make the notion with which we have
been dealing of substantial practical value, we
have to conceive of an aggregate monetary
surplus, with reference to any commodity,
which is made up of the surpluses of a number
of different individuals. There is no difficulty
in doing this, as it is perfectly possible to add
together sums of money which belong to
different people, though it is not possible to
conceive of the addition of the things (prefer
ences) to which these sums of money refer.
After performing the operation of adding
together consumer’s surpluses in money,
we must not, however, fall into the error
of thinking that £1 worth of one person’s
consumer’s surplus is the same thing as £l
worth of another person’s consumer’s surplus.
But this reservation notwithstanding, the
conception of a consumers’ (in the plural,
observe) monetary surplus is of value because
it is not unreasonable to suppose that, other