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CONTENTS.
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Chapter II. Of Demand and Supply, in their relation to Value. Page § 1. Two conditions of Value: Utility, and Difficulty of Attainment544 2. Three kinds of Difficulty of Attainment546 3. Commodities which are absolutely limited in quantity548 4. Law of their value, the Equation of Demand and Supply550 5. Miscellaneous cases falling under this law552 Chapter III. Of Cost of Production, in its relation to Value. § 1. Commodities which are susceptible of indefinite multiplication without increase of cost. Law of their Value, Cost of Production555 2. —operating through potential, but not actual, alterations of supply557 Chapter IV. Ultimate Analysis of Cost of Production. § 1. Principal element in Cost of Production Quantity of Labour562 2. Wages not an element in Cost of Production564 3. —except in so far as they vary from employment to employment566 4. Profits an element in Cost of Production, in so far as they vary from employment to employment568 5. —or are spread over unequal lengths of time569 6. Occasional elements in Cost of Production: taxes, and scarcity value of materials574 Chapter V. Of Rent, in its relation to Value. § 1. Commodities which are susceptible of indefinite ultiplication, but not without increase of cost. Law of their Value, Cost of Production in the most unfavourable existing circumstances577 2. Such commodities, when produced in circumstances more favourable, yield a rent equal to the difference of cost580 3. Rent of mines and fisheries, and ground-rent of buildings583 4. Cases of extra profit analogous to rent586
