large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb_41
large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb
English
11381
This causes a constant fall in the value of accumulated capital as compared with the results of present labor, from which is inferred a tendency toward harmony rather than divergence of interests between capitalist and laborer." This theory of value(93) he applied to land, and even to man, in his desire to give it universality. THIS CAUSES A CONSTANT FALL IN THE VALUE OF ACCUMULATED CAPITAL AS COMPARED WITH THE RESULTS OF PRESENT LABOR FROM WHICH IS INFERRED A TENDENCY TOWARD HARMONY RATHER THAN DIVERGENCE OF INTEREST BETWEEN CAPITALIST AND LABORER THIS THEORY OF VALUE HE APPLIED TO LAND AND EVEN TO MAN IN HIS DESIRE TO GIVE IT UNIVERSALITY
text-books(89) by authors engaged in college instruction, and therefore chiefly interested in bringing principles previously worked out by others within the easy comprehension of undergraduate students.”(90) Of these exceptions, Alexander H. Everett’s “New Ideas on Population”(91) (1822), forms a valuable part in the discussion which followed the appearance of Malthus’s “Essay.” The writer, however, who has drawn most attention, at home and abroad, for a vigorous attack on the doctrines of Ricardo is Henry Charles Carey.(92) Beginning with “The Rate of Wages” (1835), he developed a new theory of value (see “Principles of Political Economy,” 1837-1840), “which he defined as a measure of the resistance to be overcome in obtaining things required for use, or the measure of the power of nature over man. In simpler terms, value is measured by the cost of reproduction. The value of every article thus declines as the arts advance, while the general command of commodities constantly increases.  AS TEXT BOOKS BY AUTHORS ENGAGED IN COLLEGE INSTRUCTION AND THEREFORE CHIEFLY INTERESTED IN BRINGING PRINCIPLES PREVIOUSLY WORKED OUT BY OTHERS WITH AN EASY COMPREHENSION OF UNDERGRADUATE STUDENTS OF THESE EXAMPLES ALEXANDER H EVERETTS NEW IDEAS ON POPULATION EIGHTEEN TWENTY TWO FORMS A VALUABLE PART IN THE DISCUSSION WHICH FOLLOWED THE APPEARANCE OF MALTHUS ESSAY THE WRITER HOWEVER WHO HAS DRAWN MOST ATTENTION AT HOME AND ABROAD FOR VIGOROUS ATTACK ON THE DOCTRINES OF RICARDO IS HENRY CHARLES CAREY BEGINNING WITH THE RATE OF WAGES EIGHTEEN THIRTY FIVE HE DEVELOPED A NEW THEORY OF VALUE SEE PRINCIPLES OF POLITICAL ECONOMY EIGHTEEN THIRTY SEVEN EIGHTEEN FORTY WHICH HE DEFINED AS A MEASURE OF THE RESISTANCE TO BE OVERCOME IN OBTAINING THINGS REQUIRED FOR USE OR THE MEASURE OF THE POWER OF NATURE OVER MAN IN SIMPLER TERMS VALUE IS MEASURED BY THE COST OF REPRODUCTION THE VALUE OF EVERY ARTICLE THUS DECLINES AS THE ARTS ADVANCE WHILE THE GENERAL COMMAND OF COMMODITIES CONSTANTLY INCREASES
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