[BAILEY, Samuel (1791-1870).] A Critical Dissertation on the Nature, Measures, and Causes of Value; chiefly in reference to the writings of Mr. Ricardo and his followers. London: R. Hunter, 1825. 8° (193 x 128mm). Contemporary calf, spine in compartments with gilt rules, sides ruled in gilt (rebacked preserving the original spine, spine darkened, sides with some soiling and scuffing, traces of removed bookplate).
FIRST EDITION of a work which challenged the basic assumption of Ricardo that value was determined by labour. To Bailey, 'value was a relative concept, springing from subjective causes; the degree of esteem or mental affection, much like the later utility, governed the intensity of demand' (ODNB). Goldsmiths' 24382; Kress C-1368.
[BAILEY, Samuel (1791-1870).] A Critical Dissertation on the Nature, Measures, and Causes of Value; chiefly in reference to the writings of Mr. Ricardo and his followers. London: R. Hunter, 1825. 8° (193 x 128mm). Contemporary calf, spine in compartments with gilt rules, sides ruled in gilt (rebacked preserving the original spine, spine darkened, sides with some soiling and scuffing, traces of removed bookplate).
FIRST EDITION of a work which challenged the basic assumption of Ricardo that value was determined by labour. To Bailey, 'value was a relative concept, springing from subjective causes; the degree of esteem or mental affection, much like the later utility, governed the intensity of demand' (ODNB). Goldsmiths' 24382; Kress C-1368.
