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 XI. On the Causes of Value

Collection:: Economics Books

OF VALUE. 215 proposed, not only as the cause but the measure of value, that which is itself unascertainable. There are only two possible methods of com- paring one quantity of labour with another; one is to compare them by the time expended, the other by the result produced. The former is applicable to all kinds of [abour; the latter can be used only in comparing labour bestowed on similar articles. If therefore, in estimating two different sorts of work, the time spent will not determine the proportion between the quantities of labour, it must remain undeter- mined and undeterminable. 2. We are furnished with cases of the second kind (namely, those in which two commodities, once equal in value, have become unequal in value without any change in the quantity of la- bour respectively employed in aech) by Mr. Ri- cardo himself. Take any two commodities of equal value, a and B, one produced by fixed capital and the other by labour, without the intervention of ma- chinery ; and suppose, that without any change

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