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absurdity Adam Smith affirmative value amongst answer argument arise barouche capital cause cent century chapter circumstances column common connexion consequences constitution constitutional parties corn cost distinction doctrine double effect England English equally error exchange value existing express fact force French French Revolution gold ground guineas human hundred idea increase inference instance interest land law of value less logic London Magazine Malthus Malthus's means measure of value mode natural natural price necessity negative never object original party Phced Phil Philebus Political Economy population possible present principle producing labour purpose quantity of labour quarters question Quincey Quincey's Radical raised rate of profit ratio reader reason Reformers relation rent Revolution Ricardo rise sense shillings simply soil suppose teleologic tendency theory things tion true truth value in exchange value of labour wheat Whig and Tory Whiggism whilst whole word writer
Page 230 - is that portion of " the produce of the earth which is paid to the landlord for the " use of the original and indestructible powers of the soil.
Page 205 - IN making labour the foundation of the value of commodities, and the comparative quantity of labour which is necessary to their production, the rule which determines the respective quantities of goods which shall be given in exchange for each other, we must not be supposed to deny the accidental and temporary deviations of the actual or market price of commodities from this, their primary and natural price.
Page 328 - ... and it was not until the latter half of the seventeenth century that the cramping effects of monopoly were experienced.
Page 232 - ... properly drained and manured, and advantageously divided by hedges, fences and walls, while the other had none of these advantages, more remuneration would naturally be paid for the use of one, than for the use of the other ; yet in both cases this remuneration would be called rent.
Page 4 - Could it be that an Englishman, and he not in academic bowers, but oppressed by mercantile and senatorial cares, had accomplished what all the universities of Europe, and a century of thought, had failed even to advance by one hair's breadth? All other writers had been crushed and overlaid by the enormous weight of facts and documents ; Mr. Ricardo had deduced, a priori...
Page 95 - And again at p. 343 of the same edition, after exposing at some length the circumstances which disqualify "any commodity or all commodities together" from performing the office of a standard of value, he again states the indispensable condition which must be realized in that commodity which should pretend to such an office; and again he adds immediately — "of such a commodity we have no knowledge.
Page 287 - ... few days." Four times, and not twice, because the half-yearly dividends fall at one period for certain stocks, at a different period for other stocks ; by which means the disturbance, though reiterated more frequently, is lightened for each operation. Such is the fact, — what is the consequence ? " These demands for money, being only temporary, seldom affect prices; they are generally surmounted by the payment of a large rate of interest."— (P.
Page 139 - Walk into almost any possible shop, buy the first article you see; what will determine its price? In the ninety-nine cases out of a hundred, simply the element D — difficulty of attainment. The other element, U, or intrinsic utility, will be perfectly inoperative. Let the thing (measured by its uses) be, for your purposes, worth ten guineas, so that you would rather give ten guineas than lose it...
Page 91 - ... these statements of nominal value convey no sort of information respecting the condition of the lower class of people in the one case, or the resources of the sovereign in the other. Without further knowledge on the subject, we should be quite at a loss to say, whether the labourers in the country mentioned were starving or living in great plenty; whether the king in question might be considered as having a very inadequate revenue, or whether the sum mentioned was so great as to be incredible.*...
Page 37 - ... now chasing Mr. Malthus's logical blunders ; and these delusions are not so much logical as economic. What I now wish the reader to attend to is the blunder involved in the question itself, because that blunder is not economic, but logical. The question is What is the measure of value ? I say then that the phrase " measure of value " is an equivocal phrase, and, in Mr.