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

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Monograph

Identifikator:: 1858887097

URN:: urn:nbn:de:zbw-retromon-271916

Document type:: Monograph

Author:: Bailey, Samuel http://d-nb.info/gnd/1055121706

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

Place of publication:: London

Publisher:: The London School of Economics and Political Science (University of London)

Year of publication:: 1931

Scope:: xxviii, 255 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VII. On the Measure of Value proposed by Mr. Malthus

Collection:: Economics Books

148 ON THE MEASURE OF VALUE quantity, given for a definite portion of labour, is sometimes larger and sometimes smaller, the corn of which the aggregate is composed varies accordingly in value in relation to the labour for which it is given, and the labour varies in value in relation to the corn. From these remarks the reader will perceive, that Mr. Malthus’s « Table illustrating the in- variable value of labour,” absolutely proves nothing. It exhibits merely the results of a few simple operations in arithmetic, as a slight in- spection of the annexed copy will show. Co- lumn 1 contains the quantities of corn produced, according to the varying fertility of the soil, by the yearly labour of 10 men, which quantities are assumed, and not deduced from other data. The second column exhibits the quantities of corn given yearly to each labourer, and these quantities are also assumed, not deduced. Column 3 contains the quantities of corn given yearly to 10 men, obtained by multiplying the quantities in column 2 by the number 10. Column 4 shows the rate of profit, or how much

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