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

34 ON THE NATURE without an express or implied reference to some other commodity. Its value must be value in something, or in relation to something. 2. This relation between twc objects cannot alter as to one, without altering as to the other. If A rises in relation to B, B cannot remain stationary, but must fall in relation to a. 3. The value of a commodity can be ex- pressed only by a quantity of some other com- modity. 4. A rise inthe value of a commodity a, means, that an equal quantity of this commodity ex- changes for a greater quantity than before of the commodity B, in relation to which it is said to rise. 5. A fall in the value of a, means, that an equal quantity of it exchanges for a smaller quantity of B. In the examination of the present subject, as discussed by those writers on whose doctrines [ have ventured to animadvert, I have been forcibly struck with the vagueness, the incon- sistencies, and the errors, which have arisen

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