The Elements of Economics

Cover The Elements of Economics
The Elements of Economics
Henry Dunning Macleod
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Hence Ideas acquired the character of "Wealtli : and the right of men was recog- nised to have property in Ideas. The law which gives men property in their own Ideas is called the Law of Copyriffbt and of Patents.
The author of the dialogue termed the * Eryxias ' was the first to observe that if men can gain a living by giving instruc- tion in the various sciences, then these sciences are Wealth, for the very same reason that gold and silver are Wealth — because they are exchangeable. That men
...have mental wants as well Digitized by VjOOQ IC 234 Elements of Economics bk* ii.
as bodily ones, and that the things they want and demand and pay for to satisfy their mental wants are Wealth, just as much as the things they want and demand and pay for to satisfy their animal wants — at €Tria"njfiai XPVH^"^^ oi

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