Political economy

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Multivolume work

Identifikator:: 1780159447

Document type:: Multivolume work

Author:: Marx, Karl http://d-nb.info/gnd/118578537

Title:: Das Kapital

Place of publication:: Berlin

Publisher:: J. H. W. Dietz Nachf., G. m. b. H.

Year of publication:: 1926-

Collection:: Economics Books

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Volume

Identifikator:: 1780159595

URN:: urn:nbn:de:zbw-retromon-188277

Document type:: Volume

Author:: Marx, Karl http://d-nb.info/gnd/118578537

Title:: Der Produktionsprozeß des Kapitals

Volume count:: 1.1928

Place of publication:: Berlin

Publisher:: J. H. W. Dietz Nachf., G. m. b. H.

Year of publication:: 1928

Scope:: XLVIII, 768 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Siebter Abschnitt. Der Akkumulationsprozeß des Kapitals

Collection:: Economics Books

POLITICAL ECONOMY 40 12s., I would buy two pounds ; if 9s., four pounds ; if 6s., five pounds, and so on. We therefore realize that there is one almost universal law of demand, namely, that the lower the price of a thing which can be bought in any quantity, large or small, the more will any person buy of it if he buys any at all. In framing this law we must be particular to bear in mind that demand does not indicate just a quantity of the thing demanded, nor just a price, but on the contrary, many quantities and many prices, and even more, namely, the relations between quantities and prices. And we must be equally particular to remember (if we care about secure founda tions) what has been said a few pages back concerning utility, and bear in mind that demands simply measure the ratios between preferences. So I should feel inclined to repeat my description of demands as “quantitative objective definitions of preferences,” had not one or two critics opined that the unsophis ticated would be unlikely to understand what the statement means. At this point the distinction may be drawn between private or individual demand on the one hand and public, collective, compound or market demand on the other hand. The latter means the demands of all the people who

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