The Economics of Socialism: Being a Series of Seven Lectures on Political Economy

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Twentieth Century Press, 1896 - 257 páginas

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Página 36 - The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
Página 181 - Corn is not high because a rent is paid, but a rent is paid because corn is high; and it has been justly observed that no reduction would take place in the price of corn, although landlords should forego the whole of their rent.
Página 180 - On the first settling of a country, in which there is an abundance of rich and fertile land, a very small proportion of which is required to be cultivated for the support of the actual population, or indeed can be cultivated with the capital which the population can command, there will be no rent...
Página 178 - Rent 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.
Página 35 - If a man can bring to London an ounce of Silver out of the Earth in Peru, in the same time that he can produce a bushel of Corn, then one is the natural price of the other...
Página 36 - If among a nation of hunters, for example, it usually costs twice the labour to kill a beaver which it does to kill a deer, one beaver should naturally exchange for or be worth two deer. It is natural that what is usually the produce of two days or two hours labour, should be worth double of what is usually the produce of one day's or one hour's labour.
Página 37 - To convince ourselves that this is the real foundation of exchangeable value, let us suppose any improvement to be made in the means of abridging labour in any one of the various processes through which the raw cotton must pass before the manufactured stockings come to the market to be exchanged for other things; and observe the effects * Principles of Political Economy and Taxation, ch.
Página 37 - That this is really the foundation of the exchangeable value of all things, excepting those which cannot be increased by human industry, is a doctrine of the utmost importance in political economy ; for from no source do so many errors, and so much difference of opinion in that science proceed, as from the vague ideas which are attached to the word value.
Página 55 - As the measure of value it serves to convert the values of all the manifold commodities into prices, into imaginary quantities of gold ; as the standard of price it measures those quantities of gold. The measure of values measures commodities considered as values ; the standard of price measures, on the contrary, quantities of gold by a unit quantity of gold, not the value of one quantity of gold by the weight of another. In order to make gold a standard of price, a certain weight must be fixed upon...
Página 227 - Magnitude of value expresses a relation of social production, it expresses the connection that necessarily exists between a certain article and the portion of the total labourtime of society required to produce it.

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