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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254 NOTES AND ILLUSTRATIONS. would by this means be obviated or explained away, we should obtain in their place a number of others equally irreconcilable, and also a series of unmeaning and identi- cal propositions. For instance, the proposition that a million of men always produced the same value, but not the same riches, would be reduced to this, that what a mil- lion of men produced always cost the labour of a million of men: a = a. The truth appears to be, that the idea of real value was seldom distinctly present to his mind, although there was almost constantly an obscure reference to it. NOTE 1 (page 178). In speaking sometimes of a commodity produced by an invariable quantity of labour as a measure, and sometimes of the labour itself in that character, Mr. Ricardo has in fact used the term in the two serises mentioned in note D, and passed from one to the other without being conscious of it. When he says, that a commodity produced by an invariable quantity of labour would serve to measure the variations of other things, his meaning, as we have before shown, amounts to this, that such a commodity would serve to indicate the variations in the cost of production, or pro- ducing labour of other commodities. But to employ the quantity of producing labour itself as a measure in this vense would be endeavouring to ascertain what is already

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