FOOTNOTES:

[77] _An Enquiry into the Nature and Causes of the Wealth of Nations_,

vol. i, p. 19.

[78] _Theorien über den Mehrwert_ (Stuttgart, 1905), vol. i, pp.

179-252.

[79] _Capital_, vol. ii, p. 435.

[80] Smith, op. cit., vol. ii, p. 148.

[81] Ibid., p. 149.

[82] Op. cit., vol. i, pp. 86-7.

[83] In this connection, we have disregarded the contrary conception

which also runs through the work of Smith. According to that, the

_price_ of the commodity cannot be resolved into _v + s_, though the

_value_ of commodities consists in _v + s_. This distinction, however,

is more important with regard to Smith's theory of value than in the

present context where we are mainly interested in his formula _v + s_.

_CHAPTER IV_

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