Swain School Lectures (Classic Reprint) - Hardcover

Andrew Ingraham

9780267202027: Swain School Lectures (Classic Reprint)

Hardcover

ISBN 10: 0267202024 ISBN 13: 9780267202027

Publisher: Forgotten Books, 2018

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Excerpt from Swain School Lectures

A ton of coal is exchanged at one place for two barrels of ﬂour; at another place for one. An ounce of gold, which to-day buys thirty ounces of silver, was once bartered for sixteen ounces. All the antecedents that determine the ratio of exchange in an actual instance are never ascertained. In many actual instances, however, there have been disclosed features common to them. But the aspects, common or individual, are operative mainly as they determine the states of mind of the two parties to a transaction. In other words, psychical elements are involved; and the business man succeeds or fails in part by reason of his greater or less knowledge of psychical facts and principles.

These facts and principles are not those ultimate facts and principles which are dis cerned by a few gifted and devoted students; for those profounder truths are as little likely as the doctrines of the Calculus of Variations to become the possession of many minds.

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