New Era Economics Presenting a Rational Theory of Value
New Era Economics Presenting a Rational Theory of Value
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In our eReader you can find the full English version of the book. Read New Era Economics Presenting a Rational Theory of 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 New Era Economics Presenting a Rational Theory of Value
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133 had to the measures of length at that time com- monly in use in England, and which custom had already reduced to an approximate uniformity. The yards then in use were compared, and the average length thus found was adopted as the precise length of a yard, and embodied in a care- fully prepared standard bar, legalized, placed in the custody of the Exchequer Department, and a number of exact copies made and sent to various places for reference, both in England and in other countries. Tw^o of ...these were in 1855 sent to the United States, and have since been in the keeping of the Coast Survey Bureau. The French established an entirely new system, with new names for their units; it was in France a time of upheaval and change. No such condi- tions prevailed in England, and the English merely gave precision to the old measures, re- tained the old names, and caused no inconveni- ence or hardships.
Similarly, in deciding on an arbitrary value designation of an hour's standard work, and finding for this an expression in the current money and value medium, regard may be had to the prevailing money equivalents of labor in various lines of work, the same averaged up, and a convenient approximation to that average des- ignated as the money value of an hpur's standard labor in every line of useful work.
What to read after New Era Economics Presenting a Rational Theory of Value?
You can find similar books in the "Read Also" column, or choose other free books by J F John Frederick Brown to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
133 had to the measures of length at that time com- monly in use in England, and which custom had already reduced to an approximate uniformity. The yards then in use were compared, and the average length thus found was adopted as the precise length of a yard, and embodied in a care- fully prepared standard bar, legalized, placed in the custody of the Exchequer Department, and a number of exact copies made and sent to various places for reference, both in England and in other countries. Tw^o of ...these were in 1855 sent to the United States, and have since been in the keeping of the Coast Survey Bureau. The French established an entirely new system, with new names for their units; it was in France a time of upheaval and change. No such condi- tions prevailed in England, and the English merely gave precision to the old measures, re- tained the old names, and caused no inconveni- ence or hardships.
Similarly, in deciding on an arbitrary value designation of an hour's standard work, and finding for this an expression in the current money and value medium, regard may be had to the prevailing money equivalents of labor in various lines of work, the same averaged up, and a convenient approximation to that average des- ignated as the money value of an hpur's standard labor in every line of useful work.
What to read after New Era Economics Presenting a Rational Theory of Value?
You can find similar books in the "Read Also" column, or choose other free books by J F John Frederick Brown to read onlineMoreLess
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