A Short Study of State Socialism
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In our eReader you can find the full English version of the book. Read A Short Study of State Socialism Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Short Study of State Socialism
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As Mill says, Adam Smith did not make it clear that in political economy, " the use of a thing means its capacity to satisfy a desire, or serve a purpose. " Now we cannot differentiate value in use, and value in ex- change, after the fashion of Marx. If a commodity has a value in use, its exchange value may be less than its use value, but no one will give in exchange for a commodity more than what appears to be its value in use to the individual himself. The two terms are intimately connected a...nd cannot be entirely divorced ; \ so Marx falls into a fundamental error when he insists on leaving the utility of the article out of account, in estimating its'exchange value.
Let us take a common example of a commodity which appears to have much value in use and none in exchange, namely, Water. And here we have as good a refutation of * "Wealth of Nations, " book 2, chap. I. And "Principles of Political Economy, " by J S. Mill, book 1, chap. IV. F Mill, book 3, chap. I. { For an examination of this subject see Mill, book 3.
What to read after A Short Study of State Socialism?
You can find similar books in the "Read Also" column, or choose other free books by Reuben John Bryce to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
As Mill says, Adam Smith did not make it clear that in political economy, " the use of a thing means its capacity to satisfy a desire, or serve a purpose. " Now we cannot differentiate value in use, and value in ex- change, after the fashion of Marx. If a commodity has a value in use, its exchange value may be less than its use value, but no one will give in exchange for a commodity more than what appears to be its value in use to the individual himself. The two terms are intimately connected a...nd cannot be entirely divorced ; \ so Marx falls into a fundamental error when he insists on leaving the utility of the article out of account, in estimating its'exchange value.
Let us take a common example of a commodity which appears to have much value in use and none in exchange, namely, Water. And here we have as good a refutation of * "Wealth of Nations, " book 2, chap. I. And "Principles of Political Economy, " by J S. Mill, book 1, chap. IV. F Mill, book 3, chap. I. { For an examination of this subject see Mill, book 3.
What to read after A Short Study of State Socialism?
You can find similar books in the "Read Also" column, or choose other free books by Reuben John Bryce to read onlineMoreLess
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