_Phæd_. Well, all I shall say is this,--am I in a world where men stand on their heads or on their feet? But there is some trick in all this; there is some snare. And now I consider--what's the meaning of your saying "by possibility"? If the doctrine you would force upon me be a plain, broad, straightforward truth, why fetter it with such a suspicious restriction?

_X_. Think, for a moment, Phædrus, what doctrine it is which I would force upon you; not, as you seem to suppose, that the quantity obtained by Y is in the _inverse_ ratio of the value of Y; on the contrary, if that were so, it would still remain true that an irresistible inference might be drawn from the quantity purchased to the value of the thing purchasing, and _vice versa_, from the value of the thing purchasing to the quantity which it would purchase. There would still be a connection between the two; and the sole difference between my doctrine and the old doctrine would be this--that the connection would be no longer _direct_ (as by your doctrine), but _inverse_. This would be the difference, and the sole difference. But what is it that I assert? Why, that there is no connection at all, or of any kind, direct or inverse, between the quantity commanded and the value commanding. My object is to get rid of your inference, not to substitute any new inference of my own. I put, therefore, an extreme case. This case ought by your doctrine to be impossible. If, therefore, it be _not_ impossible, your doctrine is upset. Simply as a possible case, it is sufficient to destroy _you_. But, if it were more than a possible case, it would destroy _me_. For if, instead of demonstrating the possibility of such a case, I had attempted to show that it were a universal and necessary case, I should again be introducing the notion of a connection between the quantity obtained and the value obtaining, which it is the very purpose of my whole argument to exterminate. For my thesis is, that no such connection subsists between the two as warrants any inference that the real value is great because the quantity it buys is great, or small because the quantity it buys is small; or, reciprocally, that, because the real value is great or small, therefore the quantities bought shall be great or small. From, or to, the real value in these cases, I contend that there is no more valid inference, than from, or to, the nominal value with which it is contrasted.

Memorials and Other Papers V2 — Part 150