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An introduction to the theory of value

Note 7 — Chapter II · THE ANALYSIS OF VALUE

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It is perhaps a pity on two grounds that the word “utility” should have been adopted by economic science:—(1) that the word seems to suggest things really useful, when it means no more than things desired, bought, and sold; (2) that it has so often suggested to shallow thinkers that Political Economy is a “sordid science” whose investigations do not go beyond mere material considerations.

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