OF VALUE.

223

bour, is to lose sight both of the modifications
generally admitted, and, what is of far greater
moment, of causes which extend themselves in
every direction through the mass of exchange-
able products,

It must be recollected, that although we have
arranged commodities under three divisions,
yet they are all, not only promiscuously ex-
changed for each other, but blended in pro-
duction. A commodity, therefore, may owe
part of its value to monopoly, and part to those
causes which determine the value of unmono-
polized products. An article, for instance, may
be manufactured amidst the freest competition
out of a raw material, which a complete mono-
poly enables its producer to sell at six times the
actual cost; and the quantity of the raw mate-
rial necessary might be so proportioned to the
quantity of labour required to work it up, that
they would equally contribute to the value of
the finished fabric. In this case it is obvious,
that although the value of the article might be