ESTIMATING VALUE. 155 
cept in reference to some of its parts. If the 
value of the whole means any thing, it can be 
only its value estimated or computed in some 
individual commodity; and in this sense, as 
the quantity of every thing would be doubled, 
the aggregate value would be doubled. If a 
pair of stockings continued to be worth a shilling, 
2000 pair, which would now be produced for 
every thousand pair previously, would be worth 
2000 shillings ; and thus, with regard to every 
other commodity, we should have a double 
value in shillings, and the sum of all these 
values would be double. 
Labour is the only thing in relation to which 
any commodity would not necessarily appear to 
be of the same value®, but here we are of course 
leaving labour out of consideration. On the sup- 
* Commodities might appear of the same value even in 
relation to labour; that is to say, there would be no incon- 
sistency or repugnance amongst the terms and ideas in- 
volved in the supposition, although the circumstance would 
be one not likely to happen: a point, indeed, in which it 
only resembles the other parts of this hypothetical case.