The fiscal problem in Missouri

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Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter V. Tax administration

Collection:: Economics Books

NOMINAL VALUE, 13 and which is asserted by its author tobe “true in such a way and degree, as to oblige him who denies it to maintain an absurdity,” is either a palpable contradiction in terms, or a mere truism scarcely worth a word of illustration, much less that display of logical dexterity which he has exhibited in its support. Since value must be value in something, or in relation to something, if there is any meaning at all in the proposition, “ that itis possible for a continually to increase in value, and yet command a continually de- creasing quantity of B,” it must be either, (1) that a may increase in value in relation to B, and yet command a continually decreasing quantity of this very B; or (2) that A may continually increase in value in relation to other commodities, or what amounts to the same thing, to a third commodity c, while the said a commands a continually decreasing quantity of B. These are the only possible interpretations which can be given of the proposition, accord- ing to the received definition of value. Now in the first sense, the proposition is palpably absurd,

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