By Stephen Green
Can one be either a moral individual and a good businessperson? Stephen eco-friendly, an ordained priest and the chairman of HSBC, thinks so. In Good Value, eco-friendly retraces the background of the worldwide economic climate and its monetary structures, and indicates that whereas has brought large benefits to humanity, it has additionally deserted over 1000000000 humans to severe poverty, inspired overconsumption and debt, and ravaged the environment.
How will we reconcile the calls for of capitalism with either the typical sturdy and our personal non secular and mental wishes as contributors? to respond to that, and a few of the main vexing questions of our age, eco-friendly takes us on a full of life and erudite trip via background, searching for classes within the paintings of economists and philosophers, businessmen and poets, theologians and novelists, playwrights and political scientists. an important enterprise booklet by means of a guy who's uniquely certified to jot down it, Good Value is a well timed and persuasive research of the main urgent monetary and ethical questions we are facing.
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Extra resources for Good Value: Reflections on Money, Morality and an Uncertain World
I n this case t h e value of t h e AGRICULTURAL PRODUCE=its cost price. Only differential r e n t could b e paid t h e n . T h e land which yields n o differential r e n t b u t only a n AGRICULTURAL RENT, could t h e n pay n o r e n t . F o r if t h e f a r m e r sells t h e agricultural p r o d u c e at its value, it only covers its cost price. He t h e r e f o r e pays n o r e n t . T h e PROPRIETOR m u s t t h e n cultivate t h e l a n d himself, o r t h e so-called fermage* collected by h i m is a p a r t of his t e n a n t ' s profit o r even of his wages.
Instead of 80c + 20t;, [the outlay is] now 844/wc+ 1515/igv, profit 15 15 /i9, value of the product 115 I 5 / 1 9 . For capital 2). Now only 30 laid out in wages, since 1U of 40=10 and 40—10=30. The product=60 c + 30i; and the surplus value=30. ) On a capital of 90 [the wages] = 33Vs%- For [a capital of] 100 the ratio is: 662/sc + 33'/3v and the value = 133*/3. The rate of profit=33V3For capital 3). Now only 11 lU [laid out] in wages, for lU of 15=3 3 / 4 and 1 5 - 3 3 / 4 = l l 1 / 4 . ~ U-v. vjuvf.
A n d how is the QUANTITY OF LABOUR THEY COMMAND d e t e r m i n e d ? By the Theories of Surplus Value. ) Moreover here he confuses—as Ricardo also often does—labour, the intrinsic measure of value, with money, the external measure, which presupposes that value is already determined; although he and Ricardo have declared that labour is QUANTITY OF CORN THAT LABOUR COMMANDS. , p . 8 0 ) . Adam Smith errs when he concludes from the fact that a definite quantity of labour is EXCHANGEABLE for a definite quantity of use value, that this definite quantity of labour is the measure of value and that it always has the same value, whereas the same quantity of use value can represent very different exchange values.
Good Value: Reflections on Money, Morality and an Uncertain World by Stephen Green