A critical dissertation on the nature, measures and causes of value

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Monograph

Identifikator:: 1824546017

URN:: urn:nbn:de:zbw-retromon-214923

Document type:: Monograph

Author:: Dopsch, Alfons http://d-nb.info/gnd/118680390

Title:: Naturalwirtschaft und Geldwirtschaft in der Weltgeschichte

Place of publication:: Wien

Publisher:: Seidel

Year of publication:: 1930

Scope:: XII, 294 S.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Vierter Abschnitt. Altgriechenland und das Römerreich

Collection:: Economics Books

146 ON THE MEASURE OF VALUE of reasoning like this. Instead of proving la- bour to be of immutable value, it proves the re- verse. An alteration in the mutual value of two articles means, that the quantities in which they are exchanged for each other are altered : a definite quantity of one is exchanged for a greater or smaller portion of the other than be- fore. Now the only commodities in question, in Mr. Malthus’s table, are corn and labour; and if, as he supposes, the labour of 10 men is at one time rewarded with 120 quarters of corn, and at another time with only 80 quarters, the only condition required for an alteration of value is fulfilled, and labour, instead of being invariable, has fallen one-third. The fallacy lies in virtually considering or speaking of wages, as if they were a commo- dity ; while, as the term is used by Mr. Mal- thus, it really implies an aggregate quantity of corn, in the same way as the term sum implies an aggregate quantity of money; and it is just the same kind of futility to call wages invariable in value, because though variable in quantity

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