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Updated: May 24, 2025
It implies utility, for, without this condition, the product would be destitute of that affinity which renders it exchangeable, and consequently makes it an element of wealth; it implies venality, since, if the product was not acceptable in the market at any hour and at a known price, it would be only a non-value, it would be nothing.
Throughout the longest period of human history one calls it the prehistoric period the value or non-value of an action was inferred from its CONSEQUENCES; the action in itself was not taken into consideration, any more than its origin; but pretty much as in China at present, where the distinction or disgrace of a child redounds to its parents, the retro-operating power of success or failure was what induced men to think well or ill of an action.
Finally, the proportion in which each element enters into the compound is what we call value; the excess remaining after the combination is NON-VALUE, until the addition of a certain quantity of other elements causes further combination and exchange. We will explain later the function of money.
"Please, help yourselves." "What?" cried the magistrate. "Must we pick out the value from the non-value in this rubbish?" "Now I am not so well-informed an expert as to distinguish what is recalled from what is still in circulation. Still my good friend is right, it is my duty to count out, yours to receive." Then he plunged his hand into the treasure-heap, and counted over the bits of paper.
The price of every product in demand should be its cost in time and outlay neither more nor less: every product not in demand is a loss to the producer a commercial non-value. The ignorance of the principle of evaluation, and the difficulty under many circumstances of applying it, is the source of commercial fraud, and one of the most potent causes of the inequality of fortunes.
Is it possible that the religious and political conservatives will charge me with disturbing the order of society, when I start with the hypothesis of a sovereign intelligence, the source of every thought of order; that the semi-Christian democrats will curse me as an enemy of God, and consequently a traitor to the republic, when I am seeking for the meaning and content of the idea of God; and that the tradesmen of the university will impute to me the impiety of demonstrating the non-value of their philosophical products, when I am especially maintaining that philosophy should be studied in its object, that is, in the manifestations of society and Nature? . . . .
The value or non-value of the result has nothing to do with the matter; the essential point is that verse was to me a discipline, coming just at a time of life when I had much need of a discipline.
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