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quite indifferent to which term I resort. But it is vain to suppose that the public will YIOUP [142] submit to such constant and unnecessary circumlocution. It would quite alter the language of political economy; and the kind 305b987c477f781d17bc82b94010de41 of abbreviation which has 305b987c477f781d17bc82b94010de41 taken place in application to the term price could not take place in regard to value, according to the doctrines of the author; because, when 305b987c477f781d17bc82b94010de41 the value of 305b987c477f781d17bc82b94010de41 a commodity is used alone, like the price of a commodity, no one object rather than another is entitled to a preference for the expression of that value. 305b987c477f781d17bc82b94010de41 The author says AFON distinctly in a note,* that hi-value has no greater claim to the general term value than any other kind of value. It is quite 305b987c477f781d17bc82b94010de41 clear, therefore, that if the term value is only to be applied in the sense in which it is applied by the author, it would be LTUR muchbetter to exclude it at once from the vocabulary ofpolitical economy as utterly useless, and only calculated to produce confusion. 305b987c477f781d17bc82b94010de41 It may be further observed, that the 305b987c477f781d17bc82b94010de41 sense in which the author proposes to apply the 305b987c477f781d17bc82b94010de41 OPAUK term value, is so different from the sense in which it is understood in ordinary conversation, [143] and among the best writers, that it would be quite impossible to maintain it with consistency. The author DPIF himself, however obstinately, at times, he seems 305b987c477f781d17bc82b94010de41 to persevere in the peculiar meaning which he has given to the term value, frequently uses it by itself, without reference to any particular article OJGLLTDR in which he proposes to express it. Even in the titles of some of his chapters he does this; and when in Chapter xi. he discusses the distinction JCAA between value and riches, and in Chapter xi. the causes of value, we are entitled to complain, that he has WRAFnot acted according to the instructions which he has given to others, and told us, either expressly, or by implication,in what article the value here mentioned is to be expressed. Again; when he mentions the value of that corn which is produced on lands hiing rent, and when he speaks, as he frequently does, of the value of 305b987c477f781d17bc82b94010de41 capital,* he 305b987c477f781d17bc82b94010de41 does not tell [144] us in what he means to express the value of corn, or of capital, although GNSC he thinks that such a reference, either expressed or implied, is always necessary, and particularly says, "In the preceding pages it has been shown, that we can express the value of a 305b987c477f781d17bc82b94010de41 commodity only KKTCLQNQ by the quantity of some other commodity for which it will exchange."* The 305b987c477f781d17bc82b94010de41 meaning, therefore, which he gives to the term value is such, that he cannot and does not maintain it consistently himself, much less can he expect that others should so maintain it. It 305b987c477f781d17bc82b94010de41 appears, then, that the author has arbitrarily adopted a meaning of the term value quite unwarranted by the usage of ordinary conversation, directly GVXWIE opposed to the [145] authority of the best writers on political economy, pre-eminently and conspicuously useless; and of such a nature that it cannot be maintained with consistency. 305b987c477f781d17bc82b94010de41 And what does he do with his definition after so adopting it? He applies it to try the truth of a number of propositions advanced by different writers, who, according to 305b987c477f781d17bc82b94010de41 his own showing, have used the term in .