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. 35 from speaking of value as a sort of general and independent property; and I cannot too strongly recommend the student of political €conomy never to let the word value pass be- fore him without putting the question, * value in what?” or, “in relation to what?” The value of a commodity must be its value in something, and whenever the term is used with any defi- hite meaning, that something may be assigned. If it cannot be assigned, the reader may rest assured that the author, whoever he be, is writing without any determinate ideas. - Who- ever resolutely applies this rule in reading our €conomical writers, will be surprised and pleased at the light which it will pour over their pages. The most difficult and obscure passages will frequently brighten into perspicuity, and the Sum of their truth as well as of their error will stand apparent. The brilliant paradox, the in- genious fallacy, the seemingly profound ob- Servation, will separate into two distinct parts, one exhibiting the gaudy fragments of sophis- try and delusion, the other the simple truth,

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