Value is the life-giving power of anything; cost, the quantity of labor required to produce it; price, the quantity of labor which its possessor will take in exchange for it.


Munera Pulveris (1862), ch. 1


Value is the life-giving power of anything; cost, the quantity of labor required to produce it; price, the quantity of labor which its possessor will ...

Value is the life-giving power of anything; cost, the quantity of labor required to produce it; price, the quantity of labor which its possessor will ...

Value is the life-giving power of anything; cost, the quantity of labor required to produce it; price, the quantity of labor which its possessor will ...

Value is the life-giving power of anything; cost, the quantity of labor required to produce it; price, the quantity of labor which its possessor will ...