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the ultimate standard of value-第6部分

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lity; usually bring in a wages that is not only no higher; but is ofttimes lower; than that paid in more pleasant occupations。      (e) Under normal wages I include the wages in all those occupations that do not require any rare or exceptional qualities。 This; of course; include the great mass of all occupations。 With this understood; it become clear that the disutility of labor has but an indirect; and in one sense crude influence upon the absolute height of the normal wages。 It undoubtedly prevents the introduction of an eighteen…hour labor day or even of a fifteen…hour day; but it has not been able to prevent the introduction of a thirteen or fourteen…hour day; as is shown by the history of the condition of the laboring classes。 No one would claim that the progress of humanity from a thirteen to an eight…hour labor day has corresponded step for step with a similar progressive movement in the subjective feelings of the laborer。 Nor will any one claim that the laborer will find in his wages an exact equivalent or recompense for the pain or disutility of his labor when he works thirteen hours per day。 Again; when he works twelve hours per day; and so on for eleven; ten; nine and finally for eight hours per day。 It is no nice variation in the point of equilibrium between utility and disutility that determines the length of the working day。 It is the changing of the relative strengths of the various social factors that plays the principal part in this determination。 This; within certain limits; which we cannot here stop to discuss; it will probably continue to do in the future。      (f) Finally the absolute height of the wages of skilled labor is manifestly still more independent of the disutility or pain of such labor。 I take it that no economist would urge that this is the element which finally determine the salary of the higher officials; great actors or singers; specially skilled workmen; managers of factories; lawyers; doctors; etc。      These various points taken together certainly justify the assertion made above; viz。; that the actual conditions which make possible an equilibrium of wages and pain; or of value and pain (so far as the value of the product is dependent upon the height of the wage); do not obtain in our industrial life。 On the contrary; these conditions are only found in a relatively limited number of unimportant and exceptional cases。     This alone would be sufficient to show that in tracing the influence of disutility upon the value of goods; we have quite a different and indeed much narrower trail to follow; than that which leads to the great empirical law of cost。 This may be shown in the clearest and most convincing way from several different standpoints; and with this we are brought to the second proposition advanced at the end of the preceding section。 First; it may be shown that in many instance the correspondence of the value of goods with their cost; in the sense of the great empirical law of cost; not only does not imply that the value of the goods corresponds to the disutility or pain of labor; but actually exclude this assumption。 Exclude it not merely by chance or temporarily; but of necessity and permanently。      In order to avoid needless repetition; we will take an example that is sufficiently comprehensive to include nearly all possible cases。 In the production of nearly all ware there come into play; beside the commoner sorts of labor; some better paid skilled labor。 In the making of a common cloth coat; we will have the labor of some skilled cutter; or of a manager with a higher standard of life。 Again; in the weaving of the cloth; we find the better paid labor of factory bookkeeper; manager; etc。 If we go back to still earlier stage…the manufacture of the machine or looms; the mining or preparation of the steel; etc。  it is clear that the better paid labor of the engineer; foreman and manager will enter into the cost。      Let us now assume that the production of a cloth coat; including all stage; costs three days of common labor at eighty cents and one day of skilled labor at one dollar and sixty cents。 Let us also assume; for the sake of the argument; that the wages of eighty cents is an exact equivalent or recompense for the pain of a day's labor。 If the amount of this pain of labor is to figure as the regulator of price; then under the above assumptions; the price of the coat should not exceed three dollars and twenty cents; for the skilled labor of the engineer or bookkeeper is not more painful than that of the common miner or tailor。 Hence; if we take the pain as the standard; we cannot reckon the former as greater than the latter。 And yet we all know that under the above assumptions; a cloth coat could not; for any long time; be put upon the market for less than four dollars (not including interest)。 This is manifestly out of proportion with the disutility of the labor。 And yet; according to the law of cost; the price of the coat in the long run; and under conditions of free competition; should tend or gravitate toward this disutility。(20*)     The lack of agreement of the cost; in the sense of the classical law of cost; with the disutility of labor; may be shown by approaching the question from an entirely different point of view。 This brings us to an interesting counter test; which; if I am not greatly mistaken; has hitherto entirely escaped the attention of economists。      We have occasionally remarked that the wages of skilled laborers; as a rule; are determined upon other grounds than the amount of pain which these persons endure。 In particular case; it is possible to find a justification for the casuistical assumption which regards utility and disutility as exercising an equal influence; both upon the remuneration of labor and the value of the goods produced。 This is just as true as regards the ordinary carpenter; or locksmith; as in the case of some famous artist; such as Titian or Van Dyck。 In short; it is true of all men who; because of the scarcity of their talents; possess a sort of monopoly in the production of certain goods。 How long they will work per day will depend; in part at least; upon the degree of fatigue that they must undergo。 This; however; does not give us a fixed limit。 How long a great artist will work depends; as in the case of the common laborer; upon several conditions。 Among others upon the rate of pay that he can obtain for the product of his more prolonged effort。 An artist may not be willing to work overtime to paint a picture; for which he will receive forty dollars。 He might; however; not only willingly but gladly prolong his working day if he were offered four thousand dollars for the completed picture。      In short; there is nothing to prevent the producer of a monopoly good from so prolonging his day's labor; and thereby the daily supply of his monopoly ware;(21*) until the marginal utility; of the money received for the last unit of labor time; is in exact equilibrium with the disutility of this last unit of labor time。 It cannot be denied that under such circumstance the disutility exercises a determining or co…determining influence upon the amount of the supply; the height of the marginal utility; and the price of the product。 This; too; is done in just the same way as in the frustration given in the last chapter; in which the ware was the product of common labor。 At the same time; economists are agreed that such monopoly prices do not come under the classic law of cost。 Here again; as I believe; we are brought to the conclusion; that the disutility which we are investigating is something different from the cost which is operative in the empirical law of cost; and; therefore; that those economists are on the wrong path who think that the occasional agreement of value and disutility may be explained as a manifestation of the great empirical law of cost; and vice versa。      This erroneous confounding of two quite different phenomena has been; as it were; in the air of theoretic economics since the time of Adam Smith。 The latter; according to the very apt and ingenious observation of Wieser;(22*) really give two parallel explanations of the phenomenon of value; viz。: a philosophical explanation; which is especially applicable to primitive conditions; and an empirical explanation; which is better sited to the more fully developed conditions of our present industrial life。 Adam Smith also gives us two similarly related explanations of cost。 According to the philosophical; he puts the personal pain associated with labor; 〃the toil and trouble;〃 as the cost which really determine the price of the product。 Later; in explaining his famous law of cost; which belongs to the empirical part of his theory of value; he holds that the 〃natural price〃 of the product gravitate toward the empirical cost。 This; he declare to be wages of labor and interest。(23*) To the mind of Adam Smith; of course; there was no opposition between these two explanations; and accordingly it was impossible to escape the conclusion; that; at least so far as labor is concerned; they really have to do with the same thing。 By eliminating the modern economic conditions; as modified by exchange; we get the real kernel of the matter。 And this kernel; according to the empirical law of cost; i

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