An Examination of the Doctrines of Value: As Set Forth by Adam Smith, Ricardo, McCulloch ...

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Simpkin & Marshall, 1831 - 128 страници

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Страница 2 - IN that early and rude state of society which precedes both the accumulation of stock and the appropriation of land, the proportion between the quantities of labour necessary for acquiring different objects seems to be the only circumstance which can afford any rule for exchanging them for one another.
Страница 72 - There can be no rise in the value of labour without a fall of profits. If the corn is to be divided between the farmer and the labourer, the larger the proportion that is given to the latter, the less will remain for the former.
Страница 54 - The estimation in which different qualities of labour are held comes soon to be adjusted in the market with sufficient precision for all practical purposes, and depends much on the comparative skill of the labourer and intensity of the labour periormed.
Страница 48 - ... the commodity is then sold for what may be called its natural price. The commodity is then sold precisely for what it is worth, or for what it really costs the person who brings it to market...
Страница 3 - In the same country double the quantity of labour may be required to produce a given quantity of food and necessaries at one time, that may be necessary at another, and a distant time; yet the labourer's reward may possibly be very little diminished.
Страница 67 - Suppose that in the early stages of society the bows and arrows of the hunter were of equal value with the implements of the fisherman. Under such circumstances the value of the deer, the produce of the hunter's day's labour, would be exactly' (italics mine) 'equal to the value of the fish, the product of the fisherman's day's labour.
Страница 123 - Wages are to be estimated by their real value, viz. by the quantity of labour and capital employed in producing them, and not by their nominal value, either in coats, hats, money, or corn.
Страница 6 - The word VALUE, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys. The one may be called ' value in use;' the other, * value in exchange.
Страница 121 - But if wages partook not of the whole of this increase—if they, instead of being doubled, were only increased one-half; if rent, instead of being doubled, were only increased three-fourths, and the remaining increase went to profit, it would, I apprehend, be correct for me to say, that rent and wages had fallen while profits had risen...
Страница 73 - ... instead of adding 550/. to the common price of their goods (to 5500/.) for the profits on their fixed capital, the manufacturers would add only 9 per cent.