Readings in American Democracy

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Y. Crowell & Co-, New York, 1907; pp. 15, 17-20.
208 THE CASE AGAINST SOCIALISM 209 of human labor did it cost to build the pyramids, how many sighs and tears and drops of blood, and what is their intrinsic value to-day?
The works of authors, artists, and inventors are commodities in The theory the strictest sense of that word, and yet their market value has no ^^pfj^i^"^!^^ definite relation to the labor-time spent in their production. A value of the popular noveHst may receive $50, 000 from t
...he sale of a book written ^^^'j^^^° in six months, while his less fortunate brother, after spending six years artists and of unrequited toil, must publish his book at his own expense. . . . "iventors. He has not been able to produce a work of social necessity; therefore his labor-time is wasted, and does not determine the value of the product. . . .
Commodities subject to the caprice of fashion quickly lose their value when their usefulness is gone, no matter what their cost of production or reproduction.


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