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An introduction to the theory of value

Note 6 — Chapter II · THE ANALYSIS OF VALUE

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It is one of the difficulties of our economic vocabulary that, where we wish to express the singular of “goods,” we have to use “commodity” or some such word. In my translations, I have made no scruple of rendering the honest German Gut by its literal equivalent, and it is in this sense that the word is used above and throughout this book. It will be noted in what follows that there is a difference between simple goods and “economic goods.”

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