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 I. On th nature of Value

Collection:: Economics Books

OF VALUE. 21 stance of its being produced by a certain quan- tity of labour constitutes its value, indepen- dently of any other circumstances. Whatever variations there might be in the quantities of other things which this object commanded, it would be still of the same value, because pro- duced by the same labour. These authors appear to have had an un- steady apprehension of a sufficiently distinct Proposition, and one, too, on which they have largely insisted, namely, that the values of com- modities are in the same ratio as the quantities of labour bestowed upon them. Sometimes they have apparently construed this to mean, that the value of any one commodity is in pro- portion to the labour employed upon it. Be- cause the values of A and B, according to their doctrine, are to each other as the quantities of Producing labour, or, as it is sometimes ex- Pressed, are determined by the quantities of pro- ducing labour, they appear to have concluded, that the value of a alone, without reference to any thing else, is as the quantity of its pro-

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