The sources of Economics of Socialism

1. David Ricardo 1 authority 1 citation · 2 passages

   ch. 2 2 passages anchored here

   Ricardo is cited as an authority whose prior writings on value already contained the refutation of Jevons's utility claim.

   “Repeated reflection and inquiry,” says Jevons at the beginning of his work on The Theory of Political Economy, “have led me to the somewhat novel opinion that value depends entirely upon utility.

2. Henry Mayers Hyndman 1 authority 1 citation

   preface

   Hyndman cites his own earlier work as source for material on industrial crises reused in the present lectures.

   In Lecture V, on Industrial Crises, there are a few pages which will be recognised by those who have read my Historical Basis of Socialism.

3. Karl Marx 1 authority 1 citation · 3 passages

   preface · ch. 2 2 passages anchored here

   Capital is the primary Marxist text drawn upon as the authority for the alternative theory of value.

   The possibility, therefore, of incongruity between price and magnitude of value” – the productive power of labour remaining constant – “or the deviation of the former from the latter, is inherent in the price-form itself.

4. Principles of Economics Alfred Marshall 1 refuted 1 citation

   ch. 2

   Marshall's major work is cited and dismissed as failing to solve any of the problems it addresses.

   Professor Alfred Marshall has likewise his pretty little excursion into the realms of fancy in that huge tome of his that elucidates not a single problem which he takes upon himself to solve.

5. The Theory of Political Economy Stanley Jevons 1 refuted 1 citation · 10 passages

   ch. 2 10 passages anchored here

   The Theory of Political Economy is the primary text cited, quoted, and refuted throughout the lecture.

   “Repeated reflection and inquiry,” says Jevons at the beginning of his work on The Theory of Political Economy, “have led me to the somewhat novel opinion that value depends entirely upon utility.

Each stands at a single passage. The chapter carries the anchors.

ch. 2 3 sources

Commercial Crises and Sun Spots · Inquiry into the Nature and Origin of Public Wealth · The Alphabet of Economic Science