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

299 ON THE CAUSES grounds of reasoning, or as correct expressions of fact, mislead the mind intent on the pursuit of truth; and Ihave no fear, that to those who are adequately aware of the importance of wqrds in all moral and political researches, the objection, which I have urged to the language under consideration, will either appear frivolous or unfounded. In this attempt to show that the value of ca- pital cannot be traced entirely to the quantity of producing labour, I have taken into view those commodities only, the production of which is perfectly free to competition: and so far as we have proceeded, the strictures, which I have ventured to offer, apply rather to the manner in which the doctrine is asserted than to any thing actually maintained by its supporters. But the great defect of this theory is, its overlooking the important fact, that capital consists, not only of commodities of this class, but also of the commodities belonging to the other two classes of our enumeration. To assert, that the value of capital may be resolved into quantity of la-

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