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

[76 DIFFERENCE BETWEEN 
It is certainly true, that, provided quantity of 
labour were the sole cause of value, we should 
always be able to deduce the value of two comi- 
modities from a knowledge of the quantities of 
labour which they respectively required to pro- 
duce them ; and in this sense, quantity of la- 
bour would be at once the cause and the mea- 
sure of value. But even under these circum- 
stances, an author would not be justified in an 
indiscriminate use of the terms; nor could he 
fall into such an error, had he a distinct ap- 
prehension of the difference between the two 
ideas. 
[t would by no means follow, however, from 
quantity of labour being the cause of value, 
that it would be of any service as a measure. 
On this point we may adopt the language of 
the author of the Dialogues: ‘ If it had been 
proposed as a measure of value, we might 
justly demand that it should be ready and easy 
of application ; but it is manifestly not so; for 
the quantity of labour employed in producing 
A, ¢ could not in many cases’ (as Mr. Malthus
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.