A Critical Dissertation on the Nature, Measures' and Causes of Value |
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Page 4
... half of a . The definition of Adam Smith , therefore , that the value of an object " expresses the power of purchasing other goods , which the possession of that object conveys , " is substan- tially correct ; and as it is plain and ...
... half of a . The definition of Adam Smith , therefore , that the value of an object " expresses the power of purchasing other goods , which the possession of that object conveys , " is substan- tially correct ; and as it is plain and ...
Page 6
... half the quantity of A , the only commodity , by the supposition , with which it could be com- pared . It may be objected to this representation of the relative nature of value , that when we say the value of a is equal to the value of ...
... half the quantity of A , the only commodity , by the supposition , with which it could be com- pared . It may be objected to this representation of the relative nature of value , that when we say the value of a is equal to the value of ...
Page 10
... " says he ( chap . xx , on Value and Riches ) , " is alone invariable , which at all times requires the same sacrifice of toil and labour to produce it . " be produced by half the labour formerly ex- pended upon 10 ON THE NATURE.
... " says he ( chap . xx , on Value and Riches ) , " is alone invariable , which at all times requires the same sacrifice of toil and labour to produce it . " be produced by half the labour formerly ex- pended upon 10 ON THE NATURE.
Page 11
Samuel Bailey. be produced by half the labour formerly ex- pended upon them , the value of corn could in no sense . be said to remain the same . In proof of this , take Mr. Ricardo's own definition of value , " the power of purchasing ...
Samuel Bailey. be produced by half the labour formerly ex- pended upon them , the value of corn could in no sense . be said to remain the same . In proof of this , take Mr. Ricardo's own definition of value , " the power of purchasing ...
Page 14
... half their former value . This language , " According to M. Say , if the difficulty of producing cloth were to double , and consequently cloth was to ex- change for double the quantity of the commodities for which it exchanged before ...
... half their former value . This language , " According to M. Say , if the difficulty of producing cloth were to double , and consequently cloth was to ex- change for double the quantity of the commodities for which it exchanged before ...
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Common terms and phrases
absurd Adam Smith aggregate value alteration ascer ascertain asserts bour capitalist cardo cause of value causes affecting chapter circumstances commodity produced compared cost of production definite portion determined different periods dities doctrine doubled Econ economists employed in producing equal in value error estimated exchangeable value fallen former ideas implies increase invariable value ject labour employed labour necessary labour required language latter length London Magazine Malthus mand means measure of value medium of comparison modities monopoly mutual value object obtain Political Economy possessed power of commanding power of purchasing Principles of Pol producing labour profits proportion proposition quan quantities of corn quantity of labour quarters of corn ratio real value rela relation of value Ricardo SAMUEL BAILEY sense silver speak suppose tain term thing tion value in relation value of commodities value of labour variation varied wages Wealth of Nations words writer yard of cloth