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

OF VALVE. 
20 
can seldom be read without both pleasure and in- 
struction, is still more explicit on this subject, 
and more unmeasured in his language than 
Mr. Ricardo himself. He asserts, in terms to 
which nothing can lend additional positive- 
ness, “that there is no necessary connection at 
all, or of any kind, between the quantity com- 
manded, and the value commanding *:” and 
again, “I presume, that in your use, and in 
every body's use of the word value, a high 
value ought to purchase a high value, and that 
it will be very absurd if it should not. But as 
to purchasing a great quantity, that condition 
is surely not included in any man’s idea of 
value 1.” 
The plausibility of this passage will disap- 
Pear on a little reflection. An article of high 
value, 4, will truly enough purchase another 
article of equally high value, B, but these two 
articles will not be high in relation to each 
other: the term high, in this connection, must 
* London Magazine for May 1824, page 552. 
I Ibid. page 557.
	        
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