6. Capital, as we have seen, is a collection of market or exchange
values in view of further exchange. If we call supply S and demand D,
market value is a social estimate of the fraction D/S. Another
definition has been given: Market value is a social estimate of the
amount of socially useful labour which a given article contains. This
second definition contains this much of truth in it, that directly as
the demand for an article, and inversely as the supply of the same, is
the amount of labour which men find it worth their while to spend upon
that article for commercial purposes. Otherwise the definition is
unsatisfactory and involved, and leads to endless discussion. Without
entering into these discussions, we will remark an ambiguity in the
term on which they all roll, the term _labour_, which ambiguity is at
the bottom of three fourths of the sophistries of popular Socialism.
7. There were two pillars put at the entrance of Solomon's temple, one
on the right hand and the other on the left: that which was on the
right hand he called, according to the Septuagint, _Direction_,
[Greek: katorthosis], and that on the left hand, _Strength_, [Greek:
ischus].
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