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Shop talks on economics
Image 21
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Marcy, Mary, 1877-1922. Shop talks on economics - Image 21. 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/844.

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 21. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from http://digital.lib.uh.edu/collection/scpamp/item/892/show/844

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 21, 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/844.

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 21
Format (IMT)
  • image/jpeg
File Name uhlib_3783716_020.jpg
Transcript SHOP TALKS ON ECONOMICS 19 buy) as many pairs of shoes as forty hours of social labor will produce. Generally speaking, a commodity containing ten hours of necessary labor will tend to exchange for gold, or any other commodity containing ten hours of necessary labor. This is true when price and value are equal. But supply and demand cause commodities to exchange (or sell) above or below their value, temporarily. A temporary shortage in coal—when the supply does not equal the demand—may enable the dealers to exchange coal above its value for a short time. An over supply of automobiles may cause the manufacturers to offer to sell (or exchange) autos below their value, for a time. Prices are often a little above or below the value of commodities, but they are always inclining toward the value of commodities. (Please remember that we are not here speaking of monopoly prices. We shall consider them in a later lesson.) "If supply and demand equilibrate each other, the market prices of commodities will correspond with their natural prices, that is to say with their values, as determined by the respective quantities of labor required for their production. ... If, instead of considering only the daily fluctuations, you anahrze the movement of market prices for longer periods . . . you will find that the fluctuations of market prices,