CHAPTER IX.

ON THE DISTINCTION BETWEEN VALUE AND
RICHES..

I~ the last chapter the subject of the present
one has been in some degree anticipated. It
has been there shown what is the real amount
of the assertion, that the riches of a society
 may be doubled or trebled without any
thing being added to their value. The subject,
 however, is of so much importance, that
it will be necessary to enter into a closer examination
 of it.
The distinction between riches and value is
sufficiently obvious, riches signifying the commodities
 themselves (with one or more accessory
ideas annexed), and value denoting the relation
in exchange between any of these commodities.