Principles of Social Science volume 1

Cover Principles of Social Science volume 1
Principles of Social Science volume 1
Carey, Henry Charles, 1793-1879
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The boat that had cost the labor of a whole year can now be reproduced in half that time ; and as much fuel as had cost a fortnight s labor can now be cut in a week. No further improvement having yet taken place in the mode of taking deer or fish, their value, in labor, remains unchanged. If, now, one of the parties has more fish than he requires, while the other has a surplus of fuel, the latter is required to give twice as much as he would have done before the axes were made ; because he can ...now reproduce that quantity with the same amount of effort that previously would have been required for half of it. All previously existing accumulations, in the form of houses, boats, or fuel, now exchange for only the quantity of labor required for their reproduction, so that the acquisition of the axe by means of which they had been enabled to command the ser vices of nature has increased the value of labor when estimated in houses or fuel, and lessened the value of houses and fuel when estimated in labor.

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