International trade

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Monograph

Identifikator:: 1758394757

URN:: urn:nbn:de:zbw-retromon-136209

Document type:: Monograph

Author:: Taussig, Frank William http://d-nb.info/gnd/120199459

Title:: International trade

Place of publication:: New York, NY

Publisher:: Macmillan

Year of publication:: 1927

Scope:: XXI, 425 Seiten; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Problems of verification

Collection:: Economics Books

PROPOSED BY MR. MALTHUS. 147 they command the same portion of labour, as to call the sum given for a hat, of invariable value, because, although sometimes more and sometimes less, it always purchases the hat. In speaking of the rise and fall in value of commodities, we have nothing to do with ag- gregate quantities which really vary in amount, and have no identity but in name; our business is with definite portions: and the precise rea- son why the labour in one case, and the hat in the other, are not of invariable value, is, that the quantities of corn and of money given for them have varied, although these quantities un- der every variation continue to be designated by the terms “wages,” and “ sum.” It is true enough, that if a commodity ex- changes at one time for 10 men’s labour, and at another time for the same, it has not altered in value to labour: both the commodity and the labour have been constant in value to each other; but as wages are not a commodity, as in Mr. Malthus’s nomenclature they signify an aggregate quantity of corn, if this aggregate

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