A Critical Dissertation on the Nature, Measures' and Causes of Value |
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Page 38
... Wages , " he says , " are to be estimated by their real value , namely , by the quantity of la- bour and capital employed in producing them , and not by their nominal value , either in coats , hats , money , or cornt . " After the ...
... Wages , " he says , " are to be estimated by their real value , namely , by the quantity of la- bour and capital employed in producing them , and not by their nominal value , either in coats , hats , money , or cornt . " After the ...
Page 40
... wages . At present it will be sufficient to confine ourselves to the value of commodities . Follow- ing Mr. Ricardo , he appears entirely to lose sight of the relative nature of value , and , as I have remarked in the preceding chapter ...
... wages . At present it will be sufficient to confine ourselves to the value of commodities . Follow- ing Mr. Ricardo , he appears entirely to lose sight of the relative nature of value , and , as I have remarked in the preceding chapter ...
Page 42
... for calling an alteration in wages a fall , that it would appear to be a fall if the value of labour were estimated in an hy- pothetical standard of this kind . and which is asserted by its author to be " 42 ON REAL AND.
... for calling an alteration in wages a fall , that it would appear to be a fall if the value of labour were estimated in an hy- pothetical standard of this kind . and which is asserted by its author to be " 42 ON REAL AND.
Page 47
... wages , " and of " the real value of wages * ; " in which instances it is impossible to substitute * 66 Wages are to be estimated by their real value , viz . by the quantity of labour and capital employed in producing them . " Pol ...
... wages , " and of " the real value of wages * ; " in which instances it is impossible to substitute * 66 Wages are to be estimated by their real value , viz . by the quantity of labour and capital employed in producing them . " Pol ...
Page 48
... wages , when thus used , appears in- tended to denote the commodities or money given to the labourer in exchange for his la- bour - not the value of his labour in money , but the money itself . This is either an unwarrant- able use of ...
... wages , when thus used , appears in- tended to denote the commodities or money given to the labourer in exchange for his la- bour - not the value of his labour in money , but the money itself . This is either an unwarrant- able use of ...
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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