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

216 ON THE CAUSES whatever in the fixed capital or the quantity of labour, there should happen to be a rise in the value of labour; according to Mr. Ricardos own showing, a and B would be instantly al- tered in their relation to each other; that is, they would become unequal in value. At the former period being equal in value, they must, according to the doctrine under consideration, have been the products directly or indirectly of equal quantities of labour; but if at the latter period their values were taken as repre- sentative of the relative quantity of labour ex- pended on each, the result obtained would be, that they were the products of unequal quantities of labour. The doctrine, therefore, that the values of commodities are representative of the respective quantities of labour required for their production, which is a direct corollary from the proposition that commodities are to each other in value as is their producing labour in quantity, cannot possibly be true. This again, it may be said, is allowed by Mr. Ricardo and his followers: but if they

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