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. 295 back as we will? I answer, perhaps monopoly, perhaps the quantity of labour, or perhaps the value of labour; or possibly some combination of these. Let us take, for example, a piece of linen. The value of this has been proximately deter- mined by the capital expended in its manufac- ture. The capital expended consisted, we will suppose, of food for the workmen and flax as the material. We have then to inquire what has caused the value of the food and the flax; and we might find it to be owing to the labour expended in raising it, or more probably to a monopoly possessed by the owners of land. In the former case it may be urged, the value of the capital is ultimately resolvable into the quantity of producing labour; and not the less so in the latter, since the value of the produce grown on superior soils is determined by the value of that grown on lands not coming under any description of monopoly, or in other words paying no rent. But it does not follow in the first case, that the value of the produce should

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