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 I. On th nature of Value

Collection:: Economics Books

CHAPTER 1. ON THE NATURE OF VALUE. VALUE, in its ultimate sense, appears to mean the esteem in which any object is held. It de- notes, strictly speaking, an effect produced on the mind ; but as we are accustomed in other cases to give a common name to a feeling and to the cause which has excited it, and to blend them together in our thoughts, so in this case we regard value as a quality of external ob- jects. Colour and fragrance, for example, are words which designate both the cause and the effect, both the material quality which produces the feeling in the mind, and the feeling pro- duced. The philosopher, however, is the only one who discerns the distinction, and colour and fragrance are never thought of by the ge-

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