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Updated: May 3, 2025
If the public, who are free to purchase it, refuse to do so, it is clear that, the poem being unexchangeable, its intrinsic value will not be diminished; but that its exchangeable value, or its productive utility, will be reduced to zero, will be nothing at all.
But abolish labor, and you have left only articles of greater or less usefulness, which, being stamped with no economic character, no human seal, are without a common measure, that is, are logically unexchangeable. Gold and silver, like other articles of merchandise, are representatives of value; they have, therefore, been able to serve as common measures and mediums of exchange.
Thus, so much of every product as is rendered by excessive abundance inconsumable, becomes useless, valueless, unexchangeable, consequently, unfit to be given in payment for any thing whatever, and is no longer a product.
Then the chosen words would be so unexchangeable that they would do duty for many others, the adjective placed in such an ingenious and definite fashion that it could not be displaced, opening such perspectives that the reader could dream for whole weeks on its sense at once precise and complex, could record the present, reconstruct the past, divine the future of the souls of the characters, revealed by the gleams of this unique epithet.
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