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 IX. On the Distinction between Value and Riches

Collection:: Economics Books

164 ON THE DISTINCTION of commodities. It is evidently used in a col- lective sense ; it is a term expressive of aggre- gation, if not of plenty. The adjective rich is never applied but to denote the possession of abundance, or the means of commanding it, and it may be doubted whether the sub- stantive riches is ever used without an im- plication of the same idea. If it were merely a general expression for commodities, without any accessory idea, it might be discarded from our speculations, and the latter word substituted in its stead. But such an experiment would not answer. We could not with any propriety change the title of Adam Smith’s great work into “ An Inquiry into the Nature and Causes of the Commodities of Nations.” We should approximate more nearly to the meaning of the original, were we to translate it, “ An Inquiry into the Nature and Causes of the greater or smaller abundance of Commodities possessed by Nations.” Whether the idea of abundance, however, is involved in the meaning of riches or not,

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