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Proudhon, P.-J. (Pierre-Joseph), 1809-1865

"The Philosophy of Misery"

In other words, these
industries had to become more productive, or less costly, than
they were at the beginning: which amounts to saying that it was
necessary first to solve the problem of the production of the
calendar from the extractive industries themselves.
Suppose, then, that suddenly, by a fortunate combination of
efforts, by the division of labor, by the use of some machine, by
better management of the natural resources,--in short, by his
industry,--Prometheus finds a way of producing in one day as much
of a certain object as he formerly produced in ten: what will
follow? The product will change its position in the table of the
elements of wealth; its power of affinity for other products, so
to speak, being increased, its relative value will be
proportionately diminished, and, instead of being quoted at one
hundred, it will thereafter be quoted only at ten. But this
value will still and always be none the less accurately
determined, and it will still be labor alone which will fix the
degree of its importance.


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