[48057] in SIPB IPv6
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daemon@ATHENA.MIT.EDU (Educator Certification)
Sun Mar 1 14:01:00 2015
To: <sipbv6-mtg@charon2.mit.edu>
Date: Sun, 1 Mar 2015 14:00:58 -0500
From: "Educator Certification" <EducatorCertification@fprte.eu>
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<p align="center">the first rose in relation to the other, the other would always fall proportionably in relation to the first? If he had so expressed himself, CFE
his<u>EOX proposition would have obtained universal consent; 818cce6243dbb67e94b1e7232404c0e3 it would have been a truism which had never been denied. But as long as NRHCGFLG he continues to talk 818cce6243dbb67e94b1e7232404c0e3 of</u>
the esteem in which commodities are held, his readers must consider him as peculiarly inconsistent, if, on the AJBGXH supposition of there being only two
commodities in existence, he prefers measuring the esteem BPBHOFFT in which one of them is held UTBYB by its relation to the other, rather than by its relation to
the producing labour. And they must further think, that while he IFS continues to state that “to know the [161] value of an article GTMP at any period is
merely to know its relation in 818cce6243dbb67e94b1e7232404c0e3 exchange to some other commodity,” he is stating a proposition which, according to the usual sense in which the word
value 818cce6243dbb67e94b1e7232404c0e3 is understood when so placed, is totally unfounded. No 818cce6243dbb67e94b1e7232404c0e3 man, I believe, but the author would venture to say that he should know the value </p>
<BR><span style="font-family: Tahoma, sans-serif, Helvetica, Arial; font-size: 7px;"></span>
<p align="right">of silver four hundred years XTWKAXVDG ago by knowing the quantity TMKJPT of calicoes which AVBT an ounce of silver would then command. The sixth chapter of the author is entitled “On Measures of Value;” and the
discussion of this subject leads him SXWTYFA to such strange conclusions, that one cannot but 818cce6243dbb67e94b1e7232404c0e3 hil the greatest surprise at his not seeing that he must have
been proceeding in a wrong course. He ridicules the notion of its being necessary that a commodity should possess invariable value, 818cce6243dbb67e94b1e7232404c0e3 in order to
form a perfect measure of value. Such a notion, which he says in a note has been entertained by all the most distinguished writers in political 818cce6243dbb67e94b1e7232404c0e3
economy, he civilly calls an utter absurdity. According to the doctrines and language of the author, no relation exists between the value of a 818cce6243dbb67e94b1e7232404c0e3
commodity 818cce6243dbb67e94b1e7232404c0e3 at one [162] time and the TNVHETBBG value of the same sort of commodity at another; and “the only use of a measure of value, in the sense of a medium </p>
<BR><BR><span style="font-family: sans-serif, Helvetica, Arial; font-size: 7px;"></span>
<p>of comparison, is between commodities existing at the same time.”* If this be so, it is, no doubt, quite absurd in political economists to DBCI
look for anything approaching towards an invariable measure KVVW of value, or even to talk of one commodity or object being more steady or constant in
its value than another. At the same moment, bags of hops are as good a measure of the relative value of commodities as labour or hi. with 818cce6243dbb67e94b1e7232404c0e3
regard to hi, indeed, the author particularly observes, that from the relations between corn and HLSHHT hi, at DCTBWTIYP two different periods, no other
relation can be deduced; we do not advance a step beyond the infirmation given. * * We cannot deduce the relation of value between corn at the WUWDQAGX
first, and FKAOUYK corn at the second period, because no such relation exists, nor, consequently, can 818cce6243dbb67e94b1e7232404c0e3 we 818cce6243dbb67e94b1e7232404c0e3 ascertain TGVMQG their comparative power over other
commodities. If we made ITIDUH the [163] attempt, it would be, in fact, endeavouring to infer the quantities of corn which exchanged for each other
at two different periods of time, a thing obviously absurd. And further, YGG hi would not be here discharging a particular function any more than the .</p>
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