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Shop talks on economics
Image 14
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Marcy, Mary, 1877-1922. Shop talks on economics - Image 14. 1911. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. November 22, 2017. http://digital.lib.uh.edu/collection/scpamp/item/892/show/837.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marcy, Mary, 1877-1922. (1911). Shop talks on economics - Image 14. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from http://digital.lib.uh.edu/collection/scpamp/item/892/show/837

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marcy, Mary, 1877-1922, Shop talks on economics - Image 14, 1911, Socialist and Communist Pamphlets, Special Collections, University of Houston Libraries, accessed November 22, 2017, http://digital.lib.uh.edu/collection/scpamp/item/892/show/837.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Shop talks on economics
Creator (LCNAF)
  • Marcy, Mary, 1877-1922
Publisher Charles H. Kerr & Company
Place of Creation (TGN)
  • Chicago, Illinois
Date 1911
Subject.Topical (LCSH)
  • Economics
  • Socialism
  • Marxian economics
Genre (AAT)
  • pamphlets
Language English
Type (DCMI)
  • Text
Original Item Extent 58, [6] pages; 18 cm.
Original Item Location HX86.M3 1911
Original Item URL http://library.uh.edu/record=b8304396~S11
Original Collection Socialist and Communist Pamphlets
Digital Collection Socialist and Communist Pamphlets
Digital Collection URL http://digital.lib.uh.edu/collection/scpamp
Repository Special Collections, University of Houston Libraries
Repository URL http://libraries.uh.edu/branches/special-collections
Use and Reproduction This item is in the public domain and may be used freely.
File Name index.cpd
Item Description
Title Image 14
Format (IMT)
  • image/jpeg
File Name uhlib_3783716_013.jpg
Transcript 12 SHOP TALKS ON ECONOMICS valuable in the end than the kitchen chair made in the big factories where many men working at large machines produce hundreds of chairs in a single da}\ Of course we know that every new improvement in machinery lessens the labor-time needed in making certain commodities. Oil is less valuable than it was ten years ago because it takes less labor-power to produce it. Steel has fallen in value, because owing to the new and improved machinery used in making steel it requires less human labor power for its production. Suppose every shoe factory in the country were working full time in order to supply the demand for shoes. The factories using the very old fashioned machinery would require more labor to the shoe than the factories using newer machines, while the great, up-to- date factories using the most modern machines would need comparatively little human labor-power in producing shoes. The value of shoes would be determined by the average (or social) labor-time necessary to make them, or the socially necessary labor contained in all the shoes. The value of gold or silver is determined in the same way. The necessary social labor needed to produce gold gives it its value. The value of gold rises or falls just as the value of other commodities rise or fall. Today gold is much lower in value than it was twenty years ago, because new methods of production, have reduced the social labor needed in gold mining