by Auspitz
[Concluding Remarks on Monetary Policy and Silver Thalers]: The concluding fragment of a previous section discussing the role of silver thalers in the monetary system, suggesting they serve as a harmless link between gold coins and undervalued subsidiary silver coins. [Classical Value Theory and the Theory of Marginal Utility]: Rudolf Auspitz responds to H. Dietzel's critique of marginal utility theory. Auspitz argues against the classical 'bifurcation' of value laws that separates reproducible from non-reproducible goods, asserting that all goods are only conditionally reproducible due to the scarcity of land, capital, and the increasing disutility of labor. He maintains that price is determined by the costs of the 'last' or most difficult unit produced, paralleling the marginal utility of the last unit consumed. The essay critiques Dietzel's reliance on Ricardo and defends the 'isolating' method in economic science while emphasizing that value is a subjective relationship between humans and things rather than an inherent property. [Statistics of Health Insurance for Workers in the German Empire (1888)]: A. Wirminghaus provides a statistical overview of the German workers' health insurance system for the year 1888. He notes the expansion of insurance laws to include agricultural and forestry workers in various federal states and references the methodological improvements in data collection introduced by Dr. von Scheel.
The concluding fragment of a previous section discussing the role of silver thalers in the monetary system, suggesting they serve as a harmless link between gold coins and undervalued subsidiary silver coins.
Read full textRudolf Auspitz responds to H. Dietzel's critique of marginal utility theory. Auspitz argues against the classical 'bifurcation' of value laws that separates reproducible from non-reproducible goods, asserting that all goods are only conditionally reproducible due to the scarcity of land, capital, and the increasing disutility of labor. He maintains that price is determined by the costs of the 'last' or most difficult unit produced, paralleling the marginal utility of the last unit consumed. The essay critiques Dietzel's reliance on Ricardo and defends the 'isolating' method in economic science while emphasizing that value is a subjective relationship between humans and things rather than an inherent property.
Read full textA. Wirminghaus provides a statistical overview of the German workers' health insurance system for the year 1888. He notes the expansion of insurance laws to include agricultural and forestry workers in various federal states and references the methodological improvements in data collection introduced by Dr. von Scheel.
Read full text