Natural Value
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In our eReader you can find the full English version of the book. Read Natural Value 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 Natural Value
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If a socialist community were to give up exchange the payment of buyer to seller it would not on that account require to give up this measuring scale for the valuation of goods. It could continue to value similar goods at the same figure, and to bring them all under a marginal law. And might we not have some right to ask, what reasons it would have to discontinue this ? Certainly it would require weighty ones to justify a change in a method of valuation which has been followed ever since, if no...t before, human economics began to be enlarged through trade. And, finally, we have still to ask whether it would ever be possible to cease valuing goods in this way. Is it possible to value equal things unequally ? Can we ever regard the useful but unimportant as important ?
Monger's theory of value differs essentially from its rivals on this point. He asserts that the law of equality and the marginal law refer not only to price but to value. In my opinion this places his theory in advance of all the others, and wins for him the fame of being the first to lay a perfect foundation for the theory of value.
What to read after Natural Value?
You can find similar books in the "Read Also" column, or choose other free books by Friedrich Wieser to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If a socialist community were to give up exchange the payment of buyer to seller it would not on that account require to give up this measuring scale for the valuation of goods. It could continue to value similar goods at the same figure, and to bring them all under a marginal law. And might we not have some right to ask, what reasons it would have to discontinue this ? Certainly it would require weighty ones to justify a change in a method of valuation which has been followed ever since, if no...t before, human economics began to be enlarged through trade. And, finally, we have still to ask whether it would ever be possible to cease valuing goods in this way. Is it possible to value equal things unequally ? Can we ever regard the useful but unimportant as important ?
Monger's theory of value differs essentially from its rivals on this point. He asserts that the law of equality and the marginal law refer not only to price but to value. In my opinion this places his theory in advance of all the others, and wins for him the fame of being the first to lay a perfect foundation for the theory of value.
What to read after Natural Value?
You can find similar books in the "Read Also" column, or choose other free books by Friedrich Wieser to read onlineMoreLess
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