Local Barber Offers Free Haircuts to Celebrate Kindness Day

I. Let the value of the linen vary,[19] that of the coat remaining constant. If, say in consequence of the exhaustion of flax-growing soil, the labour time necessary for the production of the linen be doubled, the value of the linen will also be doubled. Instead of the equation, 20 yards of linen = 1 coat, we should have 20 yards of linen = 2 coats, since 1 coat would now contain only half the labour time embodied in 20 yards of linen. If, on the other hand, in consequence, say, of improved looms, this labour time be reduced by one half, the value of the linen would fall by one half. Consequently, we should have 20 yards of linen = coat. The relative value of commodity A, i.e., its value expressed in commodity B, rises and falls directly as the value of A, the value of B being supposed constant.

The expanded relative value form is, however, nothing but the sum of the elementary relative expressions or equations of the first kind, such as 20 yards of linen = 1 coat, 20 yards of linen = 10 lbs. of tea, etc. Each of these implies the corresponding inverted equation, 1 coat = 20 yards of linen, 10 lbs. of tea = 20 yards of linen, etc.