From: Michael Perelman Much of it was plagiarized from William Petty & was written to get the contract for printing the money.
^^^^^ CB: That's _ad hominem_. ^^^^^ CB: If the Tea Party can draw rightwing lessons out of the Founding Fathers, we can draw the left ones. Anyway, just call it the Petty-Franklin school. Marx puts it tactfully: 18 The celebrated Franklin, one of the first economists, after Wm. Petty, who saw through the nature of value, says: “Trade in general being nothing else but the exchange of labour for labour, the value of all things is ... most justly measured by labour.” (“The works of B. Franklin, &c.,” edited by Sparks. Boston, 1836, Vol. II., p. 267.) Franklin is unconscious that by estimating the value of everything in labour, he makes abstraction from any difference in the sorts of labour exchanged, and thus reduces them all to equal human labour. But although ignorant of this, yet he says it. He speaks first of “the one labour,” then of “the other labour,” and finally of “labour,” without further qualification, as the substance of the value of everything. http://www.marxists.org/archive/marx/works/1867-c1/ch01.htm#11 _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
