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Shop talks on economics
Image 17
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Marcy, Mary, 1877-1922. Shop talks on economics - Image 17. 1911. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. September 23, 2017. http://digital.lib.uh.edu/collection/scpamp/item/892/show/840.

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 17. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from http://digital.lib.uh.edu/collection/scpamp/item/892/show/840

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 17, 1911, Socialist and Communist Pamphlets, Special Collections, University of Houston Libraries, accessed September 23, 2017, http://digital.lib.uh.edu/collection/scpamp/item/892/show/840.

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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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 17
Format (IMT)
  • image/jpeg
File Name uhlib_3783716_016.jpg
Transcript III. Prices. The value of a commodity is determined by the necessary social labor contained in it. If some one told me that an overcoat was equal in value to the value of (or contained in) a suit of clothes, I would know that the overcoat and suit of clothes were equal in value because they contained equal quantities of the same common thing—labor. Generally speaking the value of four pairs of trousers is about equal to the value of one coat. Why is the coat more valuable than the trousers I And what determines the measure of value when we come to exchange commodities? You exchange your labor-power—to the boss—for perhaps $2 in gold a day, and in turn the gold is exchanged for the necessities of life—food, clothing and shelter. Why do these commodities exchange for each other? As we learned before, labor is the measure of value. The coat, mentioned above, exchanges for four pairs of trousers because the coat contains four times the quantity of social labor that one pair of the trousers contains. The necessary social labor contained in a commodity (shoes, coats, gold, bread, your labor power, 15