"The Measure of Value Stated and Illustrated" by T. R. Malthus, is an economics-focused scientific exploration into understanding value and its fluctuations. The book investigates how to accurately measure the worth of items, especially money, within economic systems as it existed during the early 1800's. It is an attempt to define a consistent way to assess worth that holds true across different conditions, focusing on both the usefulness of an item and what it can be traded for. The writing puts forward ideas on how labor and earnings contribute to setting the standard costs of items while studying how changes in these factors, along with supply and demand, influence the price of things that are bought and sold, so that we see how to gauge the real worth of goods in the market.
The Measure of Value Stated and Illustrated With an Application of it to the Alterations in the Value of the English Currency since 1790
By T. R. (Thomas Robert) Malthus
Discover a historical quest to define a single yardstick for economic value amidst the changing tides of markets, labor, and currency.
Summary
About the AuthorThomas Robert Malthus was an English economist, cleric, and scholar influential in the fields of political economy and demography.
Thomas Robert Malthus was an English economist, cleric, and scholar influential in the fields of political economy and demography.
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