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. 223 bour, is to lose sight both of the modifications generally admitted, and, what is of far greater moment, of causes which extend themselves in every direction through the mass of exchange- able products, It must be recollected, that although we have arranged commodities under three divisions, yet they are all, not only promiscuously ex- changed for each other, but blended in pro- duction. A commodity, therefore, may owe part of its value to monopoly, and part to those causes which determine the value of unmono- polized products. An article, for instance, may be manufactured amidst the freest competition out of a raw material, which a complete mono- poly enables its producer to sell at six times the actual cost; and the quantity of the raw mate- rial necessary might be so proportioned to the quantity of labour required to work it up, that they would equally contribute to the value of the finished fabric. In this case it is obvious, that although the value of the article might be

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