NOTES AND ILLUSTRATIONS. 251

into some singular misconceptions of Mr. Malthus’s mean-
ing. At least he has construed it differently from what it
is represented in the text, and consequently either he or
myself must be in error — possibly the latter. I can only
say, that I have been at pains to understand and scrupulous
not to misrepresent the scope of Mr. Malthus’s argument.
At the same time I must confess, that with all the patient
attention which I have given to the speculations of the
latter, there are many parts of *¢ The Measure of Value
stated and illustrated” which I am unable to comprehend.

NOTE G (page 15).

It is to be observed, that many writers consider mea-
suring and expressing value as the same thing. This is
directly maintained by M. Say, in the following passage.

i“ Quant 3 la mesure de la valeur de deux objets qui
sont en présence, leur deux valeurs se mesurent l'une par
Pautre. Si Von a dix livres de blé pour une livre de café,
le café vaut dix fois autant que le blé; et chacune de ces
choses est la mesure de l'autre. La monnaie n’a & cet
égard eucun privilége. Trente sons sont la valeur d'une
livre de café, et une livre de café marque la valeur des trentes
sous aussi bien que les diverses choses que l'on peut
acquérir avec cette monnaie.” — Note in JM. Say’s Edition
(page 124, vol. i) of Cours d’ Economie Politique, par
Henrs Storch.”
It is not correct, however, to regard these two opera-