[36110] in Discussion of MIT-community interests
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daemon@ATHENA.MIT.EDU (Cheap Caribbean Cruises)
Sat Feb 28 15:18:39 2015
Date: Sat, 28 Feb 2015 15:18:38 -0500
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<p align="right">that it will purchase a greater or less quantity of corn, and wine, and IVAG labour, and other marketable commodities; but when I [136] talk of the
price of cotton as rising or falling, I mean, that it will purchase a greater 7ea99ed1b6714702bd5343b786c98bee or less quantity of 7ea99ed1b6714702bd5343b786c98bee some one particular commodity, such as corn, AMOX or
wine, or labour, or hi, which is either expressed or understood. Exchangeable value may rise, while price falls, or fall while price rises. FQRBQ
For 7ea99ed1b6714702bd5343b786c98bee example; if cotton were, from any cause, to acquire twice its former power of purchasing, with respect to goods in general, while gold, the
particular commodity in which 7ea99ed1b6714702bd5343b786c98bee the price of cotton is expressed, rose in a still higher ratio, and acquired four times its former power 7ea99ed1b6714702bd5343b786c98bee in the market,
then, though the exchangeable value<I>7ea99ed1b6714702bd5343b786c98bee of cotton would be doubled, its price would fall one half. Again; if cotton would</I>purchase only half SBMMKXM NFPMLAXBR the former
quantity of commodities, while it purchased SOCOOIQE twice the quantity of some particular commodity, such as corn, or wine, or labour, or hi, then its
exchangeable value would have sunk one half, while its price, as expressed in corn, or wine, or labour, or hi, became double. and again; if cotton, YPLQJMJ
and the particular commodity in which price is expressed, should rise or<I>fall in</I>the same [137] proportion with each other, then CNVOAVE the exchangeable </p>
<BR /><BR /><span style="font-family: Tahoma, sans-serif, Times New Roman, Arial;"></span>
<p align="center" style="font: 12px;">value of cotton, or its general power of purchasing, would fluctuate, while its price remained stationary.”* It QETFPV appears then, that, whether Colonel Torrens’s view of value be quite
correct or not, he draws the most marked line 7ea99ed1b6714702bd5343b786c98bee of distinction possible between the power of purchasing DQPWGRN UDHBEYN generally, and the power of purchasing a
particular commodity, and is decidedly of opinion, that the latter, WICGKQ which is the sense in which the author uses the term value, 7ea99ed1b6714702bd5343b786c98bee should not be called
value, but FCSBGJF price. The authority of Colonel Torrens, therefore, whose views on the subject of value CQUXUO the author considers as so sound, is directly </p>
<BR /><BR />
<p align="right" style="font: 15px;">against him. But not only does Colonel Torrens attach a very different meaning to the term value, from that in which it is used by the author throughout the QTUIHRNQ
greatest part of his work, but the author himself, TUPJ in his notes and ilhirations,† 7ea99ed1b6714702bd5343b786c98bee has RXNBJG given extracts from almost all the distinguished writers in political economy, [138] expressly for the purpose of showing
the universality of an opinion respecting the nature and measure of 7ea99ed1b6714702bd5343b786c98bee GNA value directly opposed to his own. The writers to whom he refers, are Adam Smith,
Sir James Stuart, Lord Lauderdale, M. Storch, M. Say, Mr. Ricardo, myself, Colonel Torrens, Mrs. Marcet, Mr. Mill, the Templar’s Dialogues, and Mr. 7ea99ed1b6714702bd5343b786c98bee </p>
<BR /><BR />
<p>Blake. In the case of a proposition the nature of which admits of a logical proof, authority is of no consequence; but 7ea99ed1b6714702bd5343b786c98bee in a question which relates to the </p>
<BR /><span style="font-family: Tahoma, sans-serif, Helvetica, Arial; font-size: 10px; color: #ffffff;"></span>
<p align="center" style="font: 10px;">meaning to be attached to a particular 7ea99ed1b6714702bd5343b786c98bee term, it is quite incredible that any person 7ea99ed1b6714702bd5343b786c98bee should thus have ventured to disregard it. Much, however, of JTL inconsistency, of illogical 7ea99ed1b6714702bd5343b786c98bee inference, and disregard of
authority, might 7ea99ed1b6714702bd5343b786c98bee have been forgiven, if the proposed change in the meaning PXDMXXD of 7ea99ed1b6714702bd5343b786c98bee the ORXABQP SMKIXFJLG term value would introduce a much greater degree of clearness and .</p>
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