Summary

Portrait of John Stuart Mill John Stuart Mill Index of the Project Gutenberg Works of John Stuart Mill

The values of foreign commodities depend, not upon Cost of Production, but upon Reciprocal Demand and Supply. § 3. -As illustrated by trade in cloth and linen between England and Germany. § 4. The conclusion states in the Equation of International Demand. § 5. The cost to a country of its imports depends not only on the ratio of exchange, but on the efficiency of its labor. Chapter XV. Of Money Considered As An Imported Commodity. § 1. Money imported on two modes; as a Commodity, and as a medium of Exchange. § 2. As a commodity, it obeys the same laws of Value as other imported Commodities.
Source: Gutenberg

Portrait of John Stuart Mill John Stuart Mill Index of the Project Gutenberg Works of John Stuart Mill

Cost of Production properly represented by sacrifice, or cost, to the Laborer as well as to the Capitalist; the relation of this conception to the Cost of Labor. § 5. When profits vary from Employment to Employment, or are spread over unequal lengths of Time, they affect Values accordingly. § 6. Occasional Elements in Cost of Production; taxes and ground-rent. Chapter III. Of Rent, In Its Relation To Value. § 1. Commodities which are susceptible of indefinite Multiplication, but not without increase of Cost. Law of their Value, Cost of Production in the most unfavorable existing circumstances.
Source: Gutenberg

Portrait of John Stuart Mill John Stuart Mill Index of the Project Gutenberg Works of John Stuart Mill

The Rate of Interest not really Connected with the value of Money, but often confounded with it. § 5. The Rate of Interest determines the price of land and of Securities. Chapter XX. Of The Competition Of Different Countries In The Same Market. § 1. Causes which enable one Country to undersell another. § 2. High wages do not prevent one Country from underselling another. § 3. Low wages enable a Country to undersell another, when Peculiar to certain branches of Industry. § 4. -But not when common to All. § 5. Low profits as affecting the carrying Trade.
Source: Gutenberg

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