...exchange-value is thus laid down : — " The ratio of exchange of any two commodities will be inversely as the final degrees of utility of the quantities of...commodity available for consumption after the exchange is effected ;" in other words, the greater " the final degree of utility " in the case described, the...

...as stated by himself, is, that " the ratio of exchange of any two commodities will be inversely as the final degrees of utility of the quantities of...commodity available for consumption after the exchange is effected." f This amounts to saying that two commodities exchange for each other in proportion to their...

...problems of Economics, lies in this proposition — The ratio of exchange of any two commodities ^vill be the reciprocal of the ratio of the final degrees...available for consumption after the exchange is completed. When the reader has reflected a little upon the meaning of this proposition, he will see, I think,...

...Economy, lies in this proposition — The ' ratio of exchange of any two commodities will be inversely as the 'final degrees of utility of the quantities of...available for ' consumption after the exchange is effected." There it is, without a single stop of any sort, and the italics are not mine, they are Mr....

...chapter (On Exchange) he posits that "the ratio of exchange of any two commodities will be inversely as the final degrees of utility of the quantities of...commodity available for consumption after the exchange is effected ".§ Chapters v, v1 and vn of the book deal with the Theories of Labour, of Rent and of Capital....

...contains "the keystone of the whole theory of exchange, and of the principal problems of economics": The ratio of exchange of any two commodities will...available for consumption after the exchange is completed (Jevons 1888, p. 95 [italics in the original]) Let us now suppose that the first body, A, originally...

...mathematical reasoning what he calls a "curious conclusion" (Fortnightly Review for November 1876, p. 617), in which the "keystone of the whole theory of exchange...unverifiable and indeed unintelligible, because we have no means of estimating quantitatively the mental impression of final, or any other, utility. But...

...whole Theory of Exchange, and of the principal problems of Economics, lies in this proposition — The ratio of exchange of any two commodities will...available for consumption after the exchange is completed. When the reader has reflected a little upon the meaning of this proposition, he will see, I think,...

...Exchange, and of the principal problems of Economics, lies in this proposiJÓOS, MARTIN 109 lion — The ratio of exchange of any two commodities will...available for consumption after the exchange is completed. When the reader has reflected a little upon the meaning of this proposition, he will see, I think,...

...exchange-value is thus laid down: - "The ratio of exchange of any two commodities will be inversely as the final degrees of utility of the quantities of...commodity available for consumption after the exchange is effected;" in other words, the greater "the final degree of utility" in the case described, the smaller...