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              <text>&lt;span&gt;"We will say that the members of a collectivity enjoy &lt;/span&gt;&lt;i&gt;maximium ophelimity&lt;/i&gt;&lt;span&gt; in a certain position when it is impossible to find a way of moving from that position very slightly in such a manner that the ophelimity enjoyed by each of the individuals of that collectivity increases or decreases. That is to say, any small displacement in departing from that position necessarily has the effect of increasing the ophelimity which certain individuals enjoy, and decreasing that which others enjoy, of being agreeable to some, and disagreeable to others."&lt;/span&gt;</text>
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              <text>"...there is no sharp line of division between conduct which is normal, and that which has to be provisionally neglected as abnormal, so there is none between normal values and "current" or "market" or "occasional" values. The latter are those value in which the accidents of the moment exert a preponderating influence; while normal values are those which would be ultimately attained, if the economic conditions under view had time to work out undisturbed their full effect. But there is no impassable gulf between these two; they shade into one another by continuous gradations."</text>
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              <text>&lt;a href="https://www.google.com/books/edition/_/K2VHAAAAYAAJ?hl=en&amp;amp;gbpv=0"&gt;Recherches sur les principes mathématiques de la théorie des richesses&lt;/a&gt;</text>
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              <text>&lt;a href="https://socialsciences.mcmaster.ca/~econ/ugcm/3ll3/turgot/reflecti"&gt;Reflections on the Formation and Distribution of Wealth&lt;/a&gt;</text>
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            <name>Date</name>
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                <text>1774-1776</text>
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            <name>Language</name>
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                <text>Translated from French</text>
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                  <text>Economic Writings</text>
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          <name>Local URL</name>
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              <text>&lt;a href="https://web.archive.org/web/20070401212506/http://www.econlib.org/library/Knight/knRUP.html"&gt;Risk, Uncertainty, and Profit&lt;/a&gt;</text>
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            <name>Creator</name>
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                <text>Frank Knight</text>
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            <name>Source</name>
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                <text>1921</text>
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