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

12 ON THE NATURE as to one and not as to the other; to suppose that the value of a to B could be altered, and not the value of B to A, would, as I have al- ready remarked, be as absurd, as supposing that the distance of the sun from the earth could be increased or decreased, while the dis- tance of the earth from the sun remained as hYefore. The truth intended to be conveyed by saying that B remains of the same value is, that the cause of the altered relation between A and B is in the former, and not in the latter; and to determine where the change originated is in fact the whole object of those who endeavour to show what commodities have remained stationary in value, and what have varied. It is so important to bear in mind, in these cases of rising and falling, that as A rises, B necessarily falls; or, to speak with greater pre- cision, that the value of A cannot increase in relation to B, without the value of B decreasing in relation to aA, that I may be pardoned for still further showing the impropriety, or at least the danger, of using the terms rise and fall in

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