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Babbage, Charles, 1792-1871

"On the Economy of Machinery and Manufactures"

In all these instances the
object of the seller is to get a higher price than his goods
would really produce if their quality were known; and the
purchaser, if not himself a skilful judge (which rarely happens
to be the case), must pay some person, in the shape of an
additional money price, who has skill to distinguish, and
integrity to furnish, articles of the quality agreed on. But as
the confidence of persons in their own judgement is usually
great, large numbers will always flock to the cheap dealer, who
thus, attracting many customers from the honest tradesman,
obliges him to charge a higher price for his judgement and
character than, without such competition, he could afford to do.
189. There are few things which the public are less able to
judge of than the quality of drugs; and when these are compounded
into medicines it is scarcely possible, even for medical men, to
decide whether pure or adulterated ingredients have been
employed. This circumstance, concurring with the present
injudicious mode of paying for medical assistance, has produced a
curious effect on the price of medicines.


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