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Measure of Value.
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Measure of Value.1
(December, 1823.)

To the reader.—This article was written and printed before the author heard of the lamented1 death of Mr. Ricardo.

It is remarkable2 at first sight that Mr. Malthus, to whom Political Economy is so much indebted in one chapter (viz. the chapter of Population), should in every other chapter have stumbled at every step. On a nearer view, however, the wonder ceases. His failures and his errors have arisen in all cases from the illogical structure of his understanding; his success was in a path which required no logic3. What is the brief abstract of his success? It is this: he took an obvious and familiar truth, which until his time had been a barren truism, and showed that it teemed4 with consequences. Out of this position—That in the ground which limited human food lay the ground which limited human increase—united with this other position—That there is a perpetual nisus in the principle of population to pass that limit, he unfolded a body of most important corollaries. I have remarked in another article on this subject—how entirely5 these corollaries had escaped all Mr. Malthus’s2 predecessors6 in the same track. Perhaps the most striking instance of this, which I could have alleged8, is that of the celebrated9 French work—L’Ami des Hommes, ou Traité de la Population (written about the middle of the last century), which sets out deliberately10 from this principle, expressed almost in the very words of Mr. Malthus,—‘Que la mésure de la Subsistance est celle de la Population;’—beats the bushes in every direction about it; and yet (with the exception of one corollary on the supposed depopulating tendency of war and famine) deduces from it none but erroneous and Anti-Malthusian doctrines12. That from a truth apparently13 so barren any corollaries were deducible—was reserved for Mr. Malthus to show. As corollaries, it may be supposed that they imply a logical act of the understanding. In some small degree, no doubt; but no more than necessarily accompanies every exercise of reason. Though inferences, they are not remote inferences, but immediate14 and proximate; and not dependent upon each other, but collateral15. Not logic but a judicious16 choice of his ground placed Mr. Malthus at once in a station from which he commanded the whole truth at a glance—with a lucky dispensation from all necessity of continuous logical processes. But such a dispensation is a privilege indulged to few other parts of Political Economy, and least of all to that which is the foundation of all Political Economy, viz. the doctrine11 of value. Having therefore repeatedly chosen to tamper17 with this difficult subject, Mr. Malthus has just made so many exposures of his intellectual infirmities—which, but for this volunteer display, we might never have known. Of all the men of talents, whose writings I have read up to this hour, Mr. Malthus has the most perplexed18 understanding. He is not only confused himself, but is the cause that confusion is in other men. Logical perplexity is shockingly contagious19: and he, who takes Mr. Malthus for his guide through any tangled20 question, ought to be able to box the compass very well; or before he has read ten pages he will find himself (as the Westmorland guides express it) ‘maffled,’—and disposed to sit down and fall a crying with his guide at the sad bewilderment into which they have both strayed. It tends much to heighten the sense of Mr. Malthus’s helplessness in this particular point—that of late years he has given himself the air too much of teasing Mr. Ricardo, one of the ‘ugliest customers’ in point of logic that ever entered the ring. Mr. Ricardo is a most ‘dangerous’ man; and Mr. Malthus would do well not to meddle21 with so ‘vicious’ a subject, whose arm (like Neate’s) gives a blow like the kick of a horse. He has hitherto contented22 himself very good-naturedly with gently laying Mr. Malthus on his back; but, if he should once turn round with a serious determination to ‘take the conceit’ out of him, Mr. Malthus would assuredly be ‘put into chancery,’ and suffer a ‘punishment’ that must distress23 his friends.—Amongst those whom Mr. Malthus has perplexed by his logic, I am not one: in matter of logic, I hold myself impeccable; and, to say nothing of my sober days, I defy the devil and all the powers of darkness to get any advantage over me, even on those days when I am drunk, in relation to ‘Barbara, Celarent, Darii, or Ferio.’

‘Avoid, old Satanas!’ I exclaim, if any man attempts to fling dust in my eyes by false syllogism24, or any mode of dialectic sophism25. And in relation to this particular subject of value, I flatter myself that in a paper expressly applied26 to the exposure of Mr. Malthus’s blunders in his Political Economy, I have made it impossible for Mr. Malthus, even though he should take to his assistance seven worse logicians than himself, to put down my light with their darkness. Meantime, as a labour of shorter compass, I will call the reader’s attention to the following blunder, in a later work of Mr. Malthus’s—viz. a pamphlet of eighty pages, entitled, The Measure of Value, stated and applied (published in the spring of the present year). The question proposed in this work is the same as that already discussed in his Political Economy—viz. What is the measure of value? But the answer to it is different: in the Political Economy, the measure of value was determined27 to be a mean between corn and labour; in this pamphlet, Mr. Malthus retracts28 that opinion, and (finally, let us hope) settles it to his own satisfaction that the true measure is labour; not the quantity of labour, observe, which will produce X, but the quantity which X will command. Upon these two answers, and the delusions29 which lie at their root, I shall here forbear to comment; because I am now chasing Mr. Malthus’s logical blunders; and these delusions are not so much logical as economic: what I now wish the reader to attend to—is the blunder involved in the question itself; because that blunder is not economic, but logical. The question is—what is the measure of value? I say then that the phrase—‘measure of value’ is an equivocal phrase; and, in Mr. Malthus’s use of it, means indifferently that which determines value, in relation to the principium essendi, and that which determines value, in relation to the principium cognoscendi. Here, perhaps, the reader will exclaim—‘Avoid, Satanas!’ to me, falsely supposing that I have some design upon his eyes, and wish to blind them with learned dust. But, if he thinks that, he is in the wrong box: I must and will express scholastic30 phrases; but, having once done this, I am then ready to descend31 into the arena32 with no other weapons than plain English can furnish. Let us therefore translate ‘measure of value‘ into ‘that which determines value:’ and, in this shape, we shall detect the ambiguity33 of which I complain. For I say, that the word determines may be taken subjectively35 for what determines X in relation to our knowledge, or objectively for what determines X in relation to itself. Thus, if I were to ask—‘What determined the length of the racecourse?’ and the answer were—‘The convenience of the spectators who could not have seen the horses at a greater distance,’ or ‘The choice of the subscribers,’ then it is plain that by the word ‘determined,’ I was understood to mean ‘determined objectively,’ i. e. in relation to the existence of the object; in other words, what caused the racecourse to be this length rather than another length: but, if the answer were—‘An actual admeasurement,’ it would then be plain that by the word ‘determined,’ I had been understood to mean ‘determined subjectively,’ i. e. in relation to our knowledge;—what ascertained36 it?—Now, in the objective sense of the phrase, ‘determiner of value,’ the measure of value will mean the ground of value: in the subjective34 sense, it will mean the criterion of value. Mr. Malthus will allege7 that he is at liberty to use it in which sense he pleases. Grant that he is, but not therefore in both. Has he then used it in both? He will, perhaps, deny that he has, and will contend that he has used it in the latter sense as equivalent to the ascertainer or criterion of value. I answer—No: for, omitting a more particular examination of his use in this place, I say that his use of any word is peremptorily37 and in defiance38 of his private explanation to be extorted39 from the use of the corresponding term in him whom he is opposing. Now he is opposing Mr. Ricardo: his labour which X commands—is opposed to Mr. Ricardo’s quantity of labour which will produce X. Call the first A, the last B. Now, in making B the determiner of value, Mr. Ricardo means that B is the ground of value: i. e. that B is the answer to the question—what makes this hat of more value than this pair of shoes? But, if Mr. Malthus means by A the same thing, when by his own confession40 he has used the term measure of value in two senses: on the other hand, if he does not mean the same thing, but simply the criterion of value, then he has not used the word in my sense which opposes him to Mr. Ricardo. And yet he advances the whole on that footing. On either ground, therefore, he is guilty of a logical error, which implies that, so far from answering his own question, he did not know what his own question was.


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1 lamented b6ae63144a98bc66c6a97351aea85970     
adj.被哀悼的,令人遗憾的v.(为…)哀悼,痛哭,悲伤( lament的过去式和过去分词 )
参考例句:
  • her late lamented husband 她那令人怀念的已故的丈夫
  • We lamented over our bad luck. 我们为自己的不幸而悲伤。 来自《简明英汉词典》
2 remarkable 8Vbx6     
adj.显著的,异常的,非凡的,值得注意的
参考例句:
  • She has made remarkable headway in her writing skills.她在写作技巧方面有了长足进步。
  • These cars are remarkable for the quietness of their engines.这些汽车因发动机没有噪音而不同凡响。
3 logic j0HxI     
n.逻辑(学);逻辑性
参考例句:
  • What sort of logic is that?这是什么逻辑?
  • I don't follow the logic of your argument.我不明白你的论点逻辑性何在。
4 teemed 277635acf862b16abe43085a464629d1     
v.充满( teem的过去式和过去分词 );到处都是;(指水、雨等)暴降;倾注
参考例句:
  • The pond teemed with tadpoles. 池子里有很多蝌蚪。 来自《简明英汉词典》
  • Ideas of new plays and short stories teemed in his head. 他的脑海里装满了有关新的剧本和短篇小说的构思。 来自辞典例句
5 entirely entirely     
ad.全部地,完整地;完全地,彻底地
参考例句:
  • The fire was entirely caused by their neglect of duty. 那场火灾完全是由于他们失职而引起的。
  • His life was entirely given up to the educational work. 他的一生统统献给了教育工作。
6 predecessors b59b392832b9ce6825062c39c88d5147     
n.前任( predecessor的名词复数 );前辈;(被取代的)原有事物;前身
参考例句:
  • The new government set about dismantling their predecessors' legislation. 新政府正着手废除其前任所制定的法律。 来自《简明英汉词典》
  • Will new plan be any more acceptable than its predecessors? 新计划比原先的计划更能令人满意吗? 来自《简明英汉词典》
7 allege PfEyT     
vt.宣称,申述,主张,断言
参考例句:
  • The newspaper reporters allege that the man was murdered but they have given no proof.新闻记者们宣称这个男人是被谋杀的,但他们没提出证据。
  • Students occasionally allege illness as the reason for absence.学生时不时会称病缺课。
8 alleged gzaz3i     
a.被指控的,嫌疑的
参考例句:
  • It was alleged that he had taken bribes while in office. 他被指称在任时收受贿赂。
  • alleged irregularities in the election campaign 被指称竞选运动中的不正当行为
9 celebrated iwLzpz     
adj.有名的,声誉卓著的
参考例句:
  • He was soon one of the most celebrated young painters in England.不久他就成了英格兰最负盛名的年轻画家之一。
  • The celebrated violinist was mobbed by the audience.观众团团围住了这位著名的小提琴演奏家。
10 deliberately Gulzvq     
adv.审慎地;蓄意地;故意地
参考例句:
  • The girl gave the show away deliberately.女孩故意泄露秘密。
  • They deliberately shifted off the argument.他们故意回避这个论点。
11 doctrine Pkszt     
n.教义;主义;学说
参考例句:
  • He was impelled to proclaim his doctrine.他不得不宣扬他的教义。
  • The council met to consider changes to doctrine.宗教议会开会考虑更改教义。
12 doctrines 640cf8a59933d263237ff3d9e5a0f12e     
n.教条( doctrine的名词复数 );教义;学说;(政府政策的)正式声明
参考例句:
  • To modern eyes, such doctrines appear harsh, even cruel. 从现代的角度看,这样的教义显得苛刻,甚至残酷。 来自《简明英汉词典》
  • His doctrines have seduced many into error. 他的学说把许多人诱入歧途。 来自《现代汉英综合大词典》
13 apparently tMmyQ     
adv.显然地;表面上,似乎
参考例句:
  • An apparently blind alley leads suddenly into an open space.山穷水尽,豁然开朗。
  • He was apparently much surprised at the news.他对那个消息显然感到十分惊异。
14 immediate aapxh     
adj.立即的;直接的,最接近的;紧靠的
参考例句:
  • His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
  • We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。
15 collateral wqhzH     
adj.平行的;旁系的;n.担保品
参考例句:
  • Many people use personal assets as collateral for small business loans.很多人把个人财产用作小额商业贷款的抵押品。
  • Most people here cannot borrow from banks because they lack collateral.由于拿不出东西作为抵押,这里大部分人无法从银行贷款。
16 judicious V3LxE     
adj.明智的,明断的,能作出明智决定的
参考例句:
  • We should listen to the judicious opinion of that old man.我们应该听取那位老人明智的意见。
  • A judicious parent encourages his children to make their own decisions.贤明的父亲鼓励儿女自作抉择。
17 tamper 7g3zom     
v.干预,玩弄,贿赂,窜改,削弱,损害
参考例句:
  • Do not tamper with other's business.不要干预别人的事。
  • They had strict orders not to tamper with the customs of the minorities.他们得到命令严禁干涉少数民族的风俗习惯。
18 perplexed A3Rz0     
adj.不知所措的
参考例句:
  • The farmer felt the cow,went away,returned,sorely perplexed,always afraid of being cheated.那农民摸摸那头牛,走了又回来,犹豫不决,总怕上当受骗。
  • The child was perplexed by the intricate plot of the story.这孩子被那头绪纷繁的故事弄得迷惑不解。
19 contagious TZ0yl     
adj.传染性的,有感染力的
参考例句:
  • It's a highly contagious infection.这种病极易传染。
  • He's got a contagious laugh.他的笑富有感染力。
20 tangled e487ee1bc1477d6c2828d91e94c01c6e     
adj. 纠缠的,紊乱的 动词tangle的过去式和过去分词
参考例句:
  • Your hair's so tangled that I can't comb it. 你的头发太乱了,我梳不动。
  • A movement caught his eye in the tangled undergrowth. 乱灌木丛里的晃动引起了他的注意。
21 meddle d7Xzb     
v.干预,干涉,插手
参考例句:
  • I hope he doesn't try to meddle in my affairs.我希望他不来干预我的事情。
  • Do not meddle in things that do not concern you.别参与和自己无关的事。
22 contented Gvxzof     
adj.满意的,安心的,知足的
参考例句:
  • He won't be contented until he's upset everyone in the office.不把办公室里的每个人弄得心烦意乱他就不会满足。
  • The people are making a good living and are contented,each in his station.人民安居乐业。
23 distress 3llzX     
n.苦恼,痛苦,不舒适;不幸;vt.使悲痛
参考例句:
  • Nothing could alleviate his distress.什么都不能减轻他的痛苦。
  • Please don't distress yourself.请你不要忧愁了。
24 syllogism yrSwQ     
n.演绎法,三段论法
参考例句:
  • The ramifications or the mystery of a syllogism can become a weariness and a bore.三段论证法的分歧或者神秘会变成一种无聊、一种麻烦。
  • The unexpected bursts forth from the syllogism.三段论里常出岔子。
25 sophism iFryu     
n.诡辩
参考例句:
  • Have done with your foolish sophism.结束你那愚蠢的诡辩。
  • I wasn't taken in by his sophism.我没有被他的诡辩骗倒。
26 applied Tz2zXA     
adj.应用的;v.应用,适用
参考例句:
  • She plans to take a course in applied linguistics.她打算学习应用语言学课程。
  • This cream is best applied to the face at night.这种乳霜最好晚上擦脸用。
27 determined duszmP     
adj.坚定的;有决心的
参考例句:
  • I have determined on going to Tibet after graduation.我已决定毕业后去西藏。
  • He determined to view the rooms behind the office.他决定查看一下办公室后面的房间。
28 retracts cae7021fe4a1e79a32be8947648e03ef     
v.撤回或撤消( retract的第三人称单数 );拒绝执行或遵守;缩回;拉回
参考例句:
  • A cat retracts its claws. 猫缩进它的爪子。 来自《现代英汉综合大词典》
  • The split graph is given endomorphism images are retracts. 给出了任意自同态像图都是收缩核的分裂图的结构。 来自互联网
29 delusions 2aa783957a753fb9191a38d959fe2c25     
n.欺骗( delusion的名词复数 );谬见;错觉;妄想
参考例句:
  • the delusions of the mentally ill 精神病患者的妄想
  • She wants to travel first-class: she must have delusions of grandeur. 她想坐头等舱旅行,她一定自以为很了不起。 来自辞典例句
30 scholastic 3DLzs     
adj.学校的,学院的,学术上的
参考例句:
  • There was a careful avoidance of the sensitive topic in the scholastic circles.学术界小心地避开那个敏感的话题。
  • This would do harm to students' scholastic performance in the long run.这将对学生未来的学习成绩有害。
31 descend descend     
vt./vi.传下来,下来,下降
参考例句:
  • I hope the grace of God would descend on me.我期望上帝的恩惠。
  • We're not going to descend to such methods.我们不会沦落到使用这种手段。
32 arena Yv4zd     
n.竞技场,运动场所;竞争场所,舞台
参考例句:
  • She entered the political arena at the age of 25. 她25岁进入政界。
  • He had not an adequate arena for the exercise of his talents.他没有充分发挥其才能的场所。
33 ambiguity 9xWzT     
n.模棱两可;意义不明确
参考例句:
  • The telegram was misunderstood because of its ambiguity.由于电文意义不明确而造成了误解。
  • Her answer was above all ambiguity.她的回答毫不含糊。
34 subjective mtOwP     
a.主观(上)的,个人的
参考例句:
  • The way they interpreted their past was highly subjective. 他们解释其过去的方式太主观。
  • A literary critic should not be too subjective in his approach. 文学评论家的看法不应太主观。
35 subjectively 9ceb3293ef1b7663322bbb60c958e15f     
主观地; 臆
参考例句:
  • Subjectively, the demand of interest is the desire of human being. 荀子所说的对利的需要从主观上说就是人的欲望。
  • A sound also has an amplitude, a property subjectively heard as loudness. 声音有振幅,振幅的主观感觉是声音的大小。
36 ascertained e6de5c3a87917771a9555db9cf4de019     
v.弄清,确定,查明( ascertain的过去式和过去分词 )
参考例句:
  • The previously unidentified objects have now been definitely ascertained as being satellites. 原来所说的不明飞行物现在已证实是卫星。 来自《简明英汉词典》
  • I ascertained that she was dead. 我断定她已经死了。 来自《简明英汉词典》
37 peremptorily dbf9fb7e6236647e2b3396fe01f8d47a     
adv.紧急地,不容分说地,专横地
参考例句:
  • She peremptorily rejected the request. 她断然拒绝了请求。
  • Their propaganda was peremptorily switched to an anti-Western line. 他们的宣传断然地转而持反对西方的路线。 来自辞典例句
38 defiance RmSzx     
n.挑战,挑衅,蔑视,违抗
参考例句:
  • He climbed the ladder in defiance of the warning.他无视警告爬上了那架梯子。
  • He slammed the door in a spirit of defiance.他以挑衅性的态度把门砰地一下关上。
39 extorted 067a410e7b6359c130b95772a4b83d0b     
v.敲诈( extort的过去式和过去分词 );曲解
参考例句:
  • The gang extorted money from over 30 local businesses. 这帮歹徒向当地30多户商家勒索过钱财。
  • He extorted a promise from me. 他硬要我答应。 来自《现代英汉综合大词典》
40 confession 8Ygye     
n.自白,供认,承认
参考例句:
  • Her confession was simply tantamount to a casual explanation.她的自白简直等于一篇即席说明。
  • The police used torture to extort a confession from him.警察对他用刑逼供。


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