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Louis Post: Outlines of Louis F. Post's Lectures, with Illustrative Notes and Charts (1894) [charts are in the linked text]

1. THE SOURCE OF WEALTH

The first demand upon us is to make sure that we know the source of the things that satisfy want.43 But it is quite unnecessary to tediously specify these and trace them to their origin in detail. In searching for the source of one we shall discover the source of all.

43. For it is ability or inability to satisfy his wants that determines whether or not a man is poor. He who has the power to procure what he wants, as he wants it, and in satisfactory quality and quantity, is not poor. No matter how he gets the power, provided he keeps out of the penitentiary, he is accounted rich.

As a common object of this kind, the production of which is a familiar process, bread is probably the best example for our purpose. Let us, then, carefully trace bread to its source. To make the results of our work clear to the eye as well as to the ear we will construct a chart as we proceed. The chart should begin with a classification of Bread with reference to Man, for it is as an object for satisfying the wants of man that we consider bread at all. Is Bread a part of the personality of Man? or is it an object external to him? That is our first question. The answer is so obvious that a child could make no mistake. Bread is external to Man. It should, therefore, be classified with what for brevity we will call "External Objects." It is also a product having certain constituents.

Let us so arrange the chart as to indicate these facts and also to provide a place for particularizing the constituents of bread as we ascertain them. Thus: [chart]

Now let the necessary constituents of bread be inserted. Any housewife, any kitchen girl, knows what they are as well as does the most expert baker or learned chemist. They are named in the place reserved for them in the chart: [chart]

In respect of Man the constituents of Bread all fall into two general classes: Man, and objects that are external to him — or, briefly, External Objects. Thus: [chart]

While all these External Objects are alike in the one particular that they are external to Man, some of them may differ from others in respects which, for clear thinking, must be distinguished. Compare the first two External Objects — the lot of land and the oven — and a radical difference at once appears. The lot of land is a natural object. The oven is an artificial object. The lot exists independently of man's art; the oven can have no existence whatever as an oven but for man's art. 44 And when the remaining External Objects are considered the same difference appears. Objects are considered the same difference appears. All of them, Bread included, differ from the lot of land precisely as the oven does; they are artificial.45 Let us note this difference upon our chart: [chart]

44. This difference is frequently ignored, even by political economists; but it is plain to any intelligent mind that no reasoning can be trusted which does not distinguish a difference so radical.

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our daily bread

man's wants

he who produces

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