"How is the price of an article determined?"
"The price is the labor it has cost to make and deliver it, and it is determined by the first principles of arithmetic. The million workers in the nation's wheat fields have worked a hundred days each, and the total product of the labor is a billion bushels, so the value of a bushel of wheat is the tenth part of a farm labor-day.If we employ an arbitrary symbol, and pay, say, five dollars a day for farm work, then the cost of a bushel of wheat is fifty cents.