ESTIMATING VALUE. 161

him into that erroneous method of estimating
the value of labour, which has been already
pointed out. It may be said, at least, thata
clear apprehension of the precise meaning of the
term would have been incompatible with his
doctrine on the real value of wages, if not with
the fundamental error which runs through his
speculations, and of which his doctrine on the
subject of the real value of wages is but a
ramification.