Cost of living in German towns

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

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Monograph

Identifikator:: 866449027

URN:: urn:nbn:de:zbw-retromon-93831

Document type:: Monograph

Title:: Cost of living in German towns

Place of publication:: London

Publisher:: Stat. Off.

Year of publication:: 1908

Scope:: 1 Online-Ressource (LXI, 548 Seiten)

Collection:: Economics Books

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OF VALUE, 97 first to one and then to the other: it is far from being so much as this: it is merely like calcu- lating the ratio of length between the two pieces of timber, after we are informed how many feet are contained in each. For of each commodity A and c the value in relation to B must be given, or, in other words, their value must be expressed in a common denomination, before their mutual relation can be ascertained ; just as in the case supposed the relation of each piece of timber to the foot-rule must be given, before their relation to each other can be de- duced. The actual application of the foot rule is that part of the process which is alone en- titled to the appellation of measuring, the rest being mere calculation, but to this there is no- thing at all analogous in any possible attempt to ascertain value. The way in which the commodity B would be used, in the above instance, is in truth as a medium of compari- son, not a measure, yet it is the only process which bears any analogy to measurement. It appears, therefore, that all we can under-

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