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

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Title:: Chapter XI. On the Causes of Value

Collection:: Economics Books

9192 ON THE CAUSES given to labour of different qualities does not originally affect the value of commodities, but that when the influence of this cause is once adjusted, it subsequently occasions no variation in value. In the body of the section, however, he softens this expression into “ inconsiderable variation.” ‘“ We may fairly conclude,” says he, “ that whatever inequality there might ori- ginally have been in them, whatever the in- genuity, skill, or time necessary for the ac- quirement of one species of manual dexterity more than another, it continues nearly the same from one generation to another ; or at least that the variation is very inconsiderable from year to year, and therefore can have little effect for short periods, on the relative value of commo- dities.” It is, however, a mere assumption, that “the scale, when once formed, is liable to little va- riation ;” nor, if this could be established, would it furnish any aid to the doctrine which we have at present under consideration. If the dif- ferences of skill in different employments are so

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