- Utility, essential to exchangeable value, 2.
- V.
- Value, definition of, 1. The distinctive properties of value and riches considered, 377-397. See Labour. Utility essential to exchangeable value, 2. Scarcity, one source of such value, ibid. The quantity of labour required to obtain commodities, the principal source of their exchangeable value, 3-15. The effects of accumulation of capital on relative value, 16-42. Effects of a rise in wages, on relative value, 43, 44. Effects of payment of rent, on value, 45, 46. Variations in the value of money make no difference in the rate of profits, 46, 47. The value of gold and silver is in proportion to the labour necessary to produce and bring them to market, 499, 500. Investigation of the comparative value of gold, corn, and labour, in rich and in poor countries, 527-537.
- W.
- Wages, effects of a rise in, on relative value, 27-33, 43, 44, 48. Natural and market prices of labour, 90-93. Increase of capital in quantity and value, increases the natural price of wages, 94, 95. Increase of capital, but not in value, augments the market price of wages, ibid. Proofs that the increasing difficulty of providing an additional quantity of food with the same proportional quantity of labour, will raise wages, 97-104. A rise in wages not necessarily productive of comfort to the labourer, 105-108. A rise of wages not necessarily productive of a rise in the prices of commodities, 109, 110, 286-289. Wages will be raised by a tax on necessaries, 269-270. And by a tax on wages, 285. Effects of a tax upon wages, considered, 297-306.
- Wealth, causes of the increase of, 66.
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