The Measure of Value Stated and Illustrated: With an Application of It to the Alterations in the Value of the English Currency Since 1790 (Classic Reprint) - Couverture souple

Malthus, Thomas Robert

9781334473104: The Measure of Value Stated and Illustrated: With an Application of It to the Alterations in the Value of the English Currency Since 1790 (Classic Reprint)

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ISBN 10 : 1334473102 ISBN 13 : 9781334473104

Editeur : Forgotten Books, 2019

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�diteur: Forgotten Books
Date d'�dition: 2019
Langue: anglais
ISBN 10: 1334473102
ISBN 13: 9781334473104
Reliure: Broch�
Nombre de pages: 91
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The Measure of Value Stated and Illustrated (Classic Reprint)

Thomas Robert Malthus

Edit� par Forgotten Books, 2024

ISBN 10 : 1334473102 ISBN 13 : 9781334473104

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Vendeur : Forgotten Books, London, Royaume-Uni

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Paperback. Etat : New. Print on Demand. This book explores the nature of economic value in a comprehensive manner, beginning with the distinction between value as utility and value as exchange power. The author, an established economist writing in the early 1800s, argues that the conditions of the supply of a commodity determine its natural value, represented by the quantity of labour and profits required to produce it. These elements determine the price at which commodities will exchange with each other within a country. Different levels of economic development and demand, however, mean that the value of precious metals varies geographically, affecting prices across countries. Importantly, the author maintains that the value of labour�"or the amount of goods a worker can command�"is a constant, with changes in purchasing power reflecting changes in the value of goods rather than the value of labour itself. This insight forms the foundation of the author's theory of value and provides a new way of understanding the complexities of economic exchange and the evolution of prices. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N� de r�f. du vendeur 9781334473104_0

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