Industrial Day Dreams Studies in Industrial Ethics And Economics
Industrial Day Dreams Studies in Industrial Ethics And Economics
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In our eReader you can find the full English version of the book. Read Industrial Day Dreams Studies in Industrial Ethics And Economics 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 Industrial Day Dreams Studies in Industrial Ethics And Economics
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H. Wicksteed wrote in Today that 'a coincidence exists between the exchange-value of ordinary manufactured goods and the amount of labour contained. ' From this he maintained that labour was at least the standard or measure of value for such articles. His Socialist colleagues in England refused to see in this suspicious ' coincidence ' anything save the relation of cause and effect, and additional support for the labour doctrine of value. But, as Bohm-Bawerk points out, this coincidence is dece...ptive. ' So long as the costs themselves are in harmony with the usefulness or scarcity of the goods, so long do they remain in harmony with their value and appear to regulate it. ' In reality it is not the cost of production which regulates the value of goods, but the value of them which regulates the cost of their production. The labour doctrine of value simply reverses the true order of things.
Labour, indeed, affects value when it affects supply ; prices rise and fall according as supply falls and rises.
What to read after Industrial Day Dreams Studies in Industrial Ethics And Economics?
You can find similar books in the "Read Also" column, or choose other free books by Samuel Edward Keeble to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
H. Wicksteed wrote in Today that 'a coincidence exists between the exchange-value of ordinary manufactured goods and the amount of labour contained. ' From this he maintained that labour was at least the standard or measure of value for such articles. His Socialist colleagues in England refused to see in this suspicious ' coincidence ' anything save the relation of cause and effect, and additional support for the labour doctrine of value. But, as Bohm-Bawerk points out, this coincidence is dece...ptive. ' So long as the costs themselves are in harmony with the usefulness or scarcity of the goods, so long do they remain in harmony with their value and appear to regulate it. ' In reality it is not the cost of production which regulates the value of goods, but the value of them which regulates the cost of their production. The labour doctrine of value simply reverses the true order of things.
Labour, indeed, affects value when it affects supply ; prices rise and fall according as supply falls and rises.
What to read after Industrial Day Dreams Studies in Industrial Ethics And Economics?
You can find similar books in the "Read Also" column, or choose other free books by Samuel Edward Keeble to read onlineMoreLess
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