Principles of Political EconomyPerry, Arthur Latham
General
Principles of Political Economy
Perry, Arthur Latham
Economics
Contrast will help us a little here. Commodities can always be
measured by some _Standard_ outside of themselves: for example,
land-parcels are measured into acres and fractions thereof by a
surveyor's compass and chain; metals and cereals are weighed into
centners and parts thereof by scales of some sort; and sugar is not
only weighed at the custom-house, but tested as to other qualities by
the polariscope. Now land, wheat, sugar, and all other commodities,
have an existence separate from the standards that measure them, and
whether they are bought or not they continue for a time essentially
the same. They exist _per se_. They were indeed brought into existence
on purpose to be sold, and if they cannot be sold, similar things
additional will not then and there be brought into the market, but
these things themselves are there separate from the seller and
separate from the buyer. Not so with personal services. They do not
exist _per se_. They are not separate from the seller, and they cannot
come into existence without a buyer. _Skill_ is something the artisan
cannot part with, nor can he sell the service to which the skill gives
rise till the buyer be present with the return-service in his hands.
The Laborer of any class cannot put his "service" on exhibition, and
then wait for a buyer, as the commercial drummer sells goods by
sample. The doctor, for example, must have his _patient_ before he can
show his skill. The buying and selling of personal services,
accordingly, is more intimate and ultimate than the buying and selling
of commodities: it brings people more closely together: it depends
much more on traits of _character_ and on acquired _skill_.
Public-domain text, read in full here on John Shaqi.
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