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The Pamphlet Collection of Sir Robert Stout: Volume 54

Must be Conducted on Commercial Principles

Must be Conducted on Commercial Principles.

Whenever, therefore, we find that the conclusions of theory cannot be reconciled with those suggested by our business experience, then however apparently conclusive the reasoning may be the theoretical conclusions should be distrusted and most keenly scrutinised; and it will not unfrequently be found that the theory we have proceeded upon is imperfect, and has failed to take account of some important practical consideration.