A Critical Dissertation on the Nature, Measures, and Causes of Value: Chiefly in Reference to the Writing of Mr. Ricardo and His Followers |
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absurdity Adam Smith alteration ascer ascertain asserts bour capitalist cardo cause of value causes affecting chapter circumstances commodity produced compared cost of production definite portion determined Dialogues different periods dities doctrine doubled Econ economists employed in producing equal in value error estimated exchangeable value fallen former ideas implies increase invariable value ject labour employed labour necessary labour required language latter length London Magazine Malthus Malthus's means measure of value medium of comparison modities monopoly mutual value object obtain Political Economy possessed power of commanding power of purchasing Principles of Pol producing labour profits proportion proposition quan quantities of corn quantity of labour quarters of corn ratio real value relation of value required to produce Ricardo sense speak suppose supposition term thing tion tity of labour value in relation value of commodities value of labour variation varied wages Wealth of Nations words writer yard of cloth
Popular passages
Page 79 - or the quantity of any other commodity for which it will exchange, depends on the relative quantity of labour which is necessary for its production, and not on the greater or less compensation which is paid for that labour.
Page 165 - will always produce the same value, but will not always produce the same riches. By the invention of machinery, by improvements in skill, by a better division of labour, or by the discovery of new markets, where more advantageous exchanges may be made, a million of men may produce double or treble the amount of riches, of necessaries,
Page 166 - amusements, in one state of society, that they could produce in another, but they will not on that account add any thing to value; for every thing rises or falls in value in proportion to the facility or difficulty of producing it, or, in other words, in proportion to the quantity of labour employed on its production*.
Page 142 - sort of information respecting the condition of the lower classes 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
Page 37 - may be said to consist in the quantity of the necessaries and conveniences of life which are given for it; its nominal price in the quantity of money*.
Page 245 - the quantity of labour required for its production : and the prices of all things whatsoever represent the quantity of labour by which they are severally produced; and the value of A is to the value of B universally as the quantity of labour which produces A to the quantity of labour which produces B."—
Page 36 - or in first principles grounded on facts, is like the breaking of a charm. The enchanted castle, the steep rock, the burning lake disappear: and the paths that lead to truth, which we imagined to be so long, so embarrassed, and so difficult, show as they are, short, open, and easy
Page 250 - that it is often difficult to ascertain the proportion between two different quantities of labour. The time spent .in two different sorts of work will not always determine this
Page 188 - in relation to the existence of the object; in other words, what caused the race-course to be this length rather than another length: but if the answer were, ' An actual admeasurement,' it would then be plain, that by the word ' determined,' I had been understood to mean ' determined subjectively," ie in relation to our knowledge; what ascertained it*?