...How discouraging, for example, is it to open the first section with so perplexed a title as this; ' the value of a commodity, or the quantity of any other...less compensation which is paid for that labour.' Passages of equal intricacy occur in every chapter, and render it a matter of no little difficulty...

...the quantity of any other commodity, for which it will exchange *, yet in another chapter of his * " The value of a commodity, or the quantity of any other...commodity for which it will exchange, depends on the work he says, " I cannot agree with M. Say in estimating the value of a commodity by the abundance...

...sense in which he employs the word value, has actually explained his acceptation of it in the title; " the value of a commodity, or the quantity of any other commodity for which it will exchange." There can be no doubt, therefore, that the author in this section considered himself as treating of...

...students, and acted on by them, and circulated throughout the country, — that the value of a thing depends on the relative quantity of labour which is necessary for its production, and that, consequently, labour of whatever kind is always and equally beneficial to the community. tiuoat,...

...exchangeability. Exactly the same confusion runs through the whole of Ricardo. He begins by saying'—" The value of a commodity, or the quantity of any other...of labour which is necessary for its production." So again 1 —"In the early stages of society, the exchangeable value of these commodities, or the...

...Exchangeability. 14. Exactly the same confusion runs through the whole of Ricardo. He begins by saying—' The Value of a commodity, or the quantity of any other...of labour which is necessary for its production.' So again—' In the early stages of society the exchangeable value of these commodities is the rule...

...economy, fought with Ricardo's own weapons, and on Ricardo's own ground. Ricardo has laid down that the value of a commodity, or the quantity of any other...for which it will exchange, depends on the relative quahtity of labour, mental and manual, necessary for its production, which must be measured by the...

...Ricardo's law of natural or necessary wages. Ricardo's law of value is that the value of a commodity,or the quantity of any other commodity for which it will...or less compensation which is paid for that labour. Value is thus resolved into so much labour, or what is the same thing, so much time consumed in labour,...

...PRINCIPLES OF POLITICAL ECONOMY AND TAXATION. PREFACE, .... . 5 ADVERTISEMENT, ..... 7 CHAPTER I. ON VALUE, . SECTION I. The value of a commodity, or the...or less compensation which is paid for that labour, ... 9 SECTION II. Labour of different qualities differently rewarded, variation in the relative value...

...economy, fought with Ricardo's own weapons, and on Ricardo's own ground. Ricardo has laid down that the value of a commodity, or the quantity of any other...exchange, depends on the relative quantity of labour, mental and manual, necessary for its production, which must be measured by the time consumed in that...