Marx-Capital-2013

# If on the other hand the value of the coat sinks by

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Unformatted text preview: 0 yards of linen = 1 coat, we should have 20 yards of linen = 2 coats, since 1 coat Tme now would labour Consequently, we should have 20 yards of linen = ½ coat. The relaTve value of commodity A, i.e., its value expressed in commodity B, rises Tme be reduced by the vhalf, the value value olf B being supposed constant.II and falls directly as one ­ alue of A, the of the inen would fall by one ­half. . Let the value of the linen remain constant, while the value of the coat varies. If, under these circumstances, in consequence, for instance, of a poor crop of wool, the labour Tme necessary for the producTon of a coat becomes doubled, we have instead of 20 yards of linen = 1 coat, 20 yards of linen = ½ coat. If, on the other hand, the value of the coat sinks by one ­half, then 20 yards of linen = 2 coats. Hence, if the value of necessary for the producTon of the linen and the coat vary simultaneously in the same direcTon and in the same proporTon. In this case 20 yards of linen conTnue equal to 1 coat, however much their values may have labour Tme respecTvely their relaTve values would remain unaltered. Their real change of value would appear from the diminished or increased quanTty of commodiTes produced in a given Tme.V . The labour Tme respecTvely necessary for these possible diﬀerent variaTons, o oat, and therefore he alue of these commodiTes m from the results o vary n the same the producTon of the linen and the cn the relaTve value tof avcommodity, may be deduced ay simultaneously f I, II, iand III.hus direcTon, but at unequal rates or in opposite direcTons, or in other ways. The eﬀect of all real changes in the magnitude of value are neither unequivocally nor exhausTvely reﬂected in their relaTve expression, that is, in the equaTon expressing the magnitude of relaTve value. The relaTve value of a commodity may vary, although its value remains constant...
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