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

224, ON THE CAUSES correctly said to be determined by the quantity of capital expended upon it by the manufac- turer, yet no analysis could possibly resolve the value of the capital into quantity of labour. Nor must it be supposed that is this a case of rare occurrence. In scarcely any instance could the value of capital be traced to the quantity of labour as its only source, liable as every process of production is to the intrusion of articles de- riving their value from other causes. Hence for those economists, who object to the doctrine of the value of commodities being chiefly determined by the quantity of capital expended in their production, that it does not satisfy the whole of the inquiry, since they want to know what has determined the value of the capital, the answer is easy. The value of the capital was probably determined by the value of pre- ceding capital, which was in its turn deter- mined by preceding capital in the same manner. Does any one ask, what determined the value of the first of these capitals, trace them as far

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