Die Britische Merchant Shipping Act, 1876, und ihre Einwirkung auf die Deutschen Handels- und Schiffahrts-Verhältnisse

A critical dissertation on the nature, measures and causes of value

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Multivolume work

Identifikator:: 1892063557

Document type:: Multivolume work

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Deutsche Geschichte

Place of publication:: Berlin

Publisher:: Gaertner

Year of publication:: 1891-

Collection:: Economics Books

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Identifikator:: 1892067188

URN:: urn:nbn:de:zbw-retromon-236614

Document type:: Volume

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Neuere Zeit

Volume count:: Abt. 2

Place of publication:: Freiburg im Breisgau

Publisher:: Heyfelder

Year of publication:: 1904

Scope:: XVI, 482 S.

Digitisation:: 2022

Collection:: Economics Books

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NOMINAL VALUE. 15 have hazarded the preceding observations, agree in defining value to be the power of an object to purchase or command other ob- jects in exchange. Adhering to this defini- tion, it is difficult to conceive what propriety they could have discerned in their use of the words real and nominal. A real power of pur- chasing implies, if it means any thing, that it is not a false or pretended power; while the counter phrase, a nominal power of purchasing, intimates that the power is only in name; that itis not what it professes to be. But the ap- plicability of these epithets can have no de- pendence on the nature of the commodities in relation to which the power is possessed, nor on the causes affecting the production of the com- modity in which the power resides. Accord- ing to all proper usage, the epithets refer not to any thing in the power itself, but to the quality of the affirmation that the power exists, charac- terizing that affirmation as true or false.

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