82 JV. G. Langzvorthy Taylor 



iioiiiic purposes, they mutually accept their labor, whether for 

 more or less hours, respectively, as equal in value. 



RF.FERENCES 



L. S. Merriam, " Theory of I'^inal Utility in Relation to the Standard 

 of Deferred Payments," Annals of the American Academy, January, 

 1893; E. A. Ross, "Total-Utility Standard of Deferred Payments," 

 Annals of the American Academy, November, 1893; J. B. Clark, "The 

 Ultimate Standard of Value," Yale Reviezi', November, 1892; Adam 

 Smith, bk. I, ch. V (" Equal quantities of labor will at distant times." 

 etc.); Ricardo, ch. I, § VI, "Is Labor an Invariable Measure of Value?"; 

 E. A. Ross, "Standard of Deferred Payments," Annals of the American 

 Academy, November, 1892; Newcombe, Financial Policy of the United 

 States, p. 24 (why people use a depreciated standard) ; W. G. Langworthy 

 Taylor. " Generalization and Economic Standards," Unizrrsity of Ne- 

 braska Studies, vol. II, No. II, January, 1897 (14 pp) ; Walker, Inter- 

 national Bi}nctallism, pp. 273-74 (complaint that falling prices weed out 

 weak producers) ; Merriam and Clark, " Money as a Measure of Value," 

 Annals of the American Academy, May, 1894; W. G. Langworthy Taylor, 

 " The Evolution of the Idea of Value," Journal of Political Economy, 

 Sept., 1895; Marshall, Principles of Economics, p. 31 (note on the purchas- 

 ing power of money in relation to the rate of interest) ; Frank Fetter, 

 " Theories of VaJue, and the Standards of Deferred Payments," Annals of 

 the American Academy. IMay, 1895; John W. Bascom, "A Standard of 

 Values," Quarterly Journal of Economics, October, 1895: Davenport. Out- 

 lines, ch. XV, " Currency " ; E. B. Andrews, " Government ought to Regu- 

 late the Supply of Money," Institutes of Economics, Sj; W. G. Lang- 

 worthy Taylor, "Values, Positive and Relative," Annals of the American 

 Academy, January, 1897 (:i7 pp.). 



196 



