The Co-Operative Wholesale Societies, Limited, England And Scotland : Annual 3
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In our eReader you can find the full English version of the book. Read The Co-Operative Wholesale Societies, Limited, England And Scotland : Annual 3 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 The Co-Operative Wholesale Societies, Limited, England And Scotland : Annual 3
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We could very well exist without gold, though we might find some difficulty in getting along without iron, the cheapest of all metals.
From Utility and Use Value we now come to Saleahility, which constitutes Market Value, and depends on Siqjply and Demand.
Demand presupposes use value, for there would be no demand for useless things. Supply depends on the average quantity of labour needed to procure a commodity in connection with the demand for it. This brings us to the important question — how... much the average labour required for procuring a certain quantity of gold or silver amounts to. A very important question, because cost of production is the usual vantage ground of monometallists, who declare it impossible to maintain a certain relation between the value of two metals through law when their cost of production presents quite a different relation from the legal one. Unfortu- nately, these problems are mostly discussed by men who lack a thorough knowledge of economics, or they would know that the 213 cost of production cannot be got at in this case without paying attention to a law called Ricardo's Law of Eent.
What to read after The Co-Operative Wholesale Societies, Limited, England And Scotland : Annual 3?
You can find similar books in the "Read Also" column, or choose other free books by Scottish Cooperative Wholesale Society, Limited, Glasgow to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We could very well exist without gold, though we might find some difficulty in getting along without iron, the cheapest of all metals.
From Utility and Use Value we now come to Saleahility, which constitutes Market Value, and depends on Siqjply and Demand.
Demand presupposes use value, for there would be no demand for useless things. Supply depends on the average quantity of labour needed to procure a commodity in connection with the demand for it. This brings us to the important question — how... much the average labour required for procuring a certain quantity of gold or silver amounts to. A very important question, because cost of production is the usual vantage ground of monometallists, who declare it impossible to maintain a certain relation between the value of two metals through law when their cost of production presents quite a different relation from the legal one. Unfortu- nately, these problems are mostly discussed by men who lack a thorough knowledge of economics, or they would know that the 213 cost of production cannot be got at in this case without paying attention to a law called Ricardo's Law of Eent.
What to read after The Co-Operative Wholesale Societies, Limited, England And Scotland : Annual 3?
You can find similar books in the "Read Also" column, or choose other free books by Scottish Cooperative Wholesale Society, Limited, Glasgow to read onlineMoreLess
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