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Shop talks on economics
Image 20
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Marcy, Mary, 1877-1922. Shop talks on economics - Image 20. 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/843.

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 20. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from http://digital.lib.uh.edu/collection/scpamp/item/892/show/843

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 20, 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/843.

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 20
Format (IMT)
  • image/jpeg
File Name uhlib_3783716_019.jpg
Transcript 18 SHOP TALKS ON ECONOMICS Cold has steadily been decreasing in value in the past ten years owing to the improved methods of producing gold and the decreasing quantity of labor contained in it. Rubber is steadily growing more valuable because the available world supply has been nearly exhausted and it requires more time hunting or planting, and caring for rubber trees—more labor is contained in a pound of rubber than a few years ago. Gradually we see huge machines replacing the smaller ones in all the great producing industries and, with the constant introduction of more improved machinery, the quantity of human labor contained in commodities produced by modern methods—grows less and less. Such commodities decrease in value with every decrease in the labor embodied in them. Price. Price is the money name for which commodities exchange. We are accustomed to figure in gold prices. All our bank notes read "payable in—so much—gold." But gold is a commodity just like bread, or overcoats, or dresses, or automobiles. And commodities tend to exchange for the sum of gold containing a quantity of labor equal to the quantity of labor contained in them. That is, if ten dollars in gold contains forty hours of necessary labor, that gold will exchange for (or will