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Bohm-Bawerk, The Positive Theory of Capital, Book VI, Chapter VII: Library of Economics and Liberty |
 | | Material goods are of use to mankind through the action of the natural powers that reside in them, or, as I have expressed it in another place, through the rendering of their material services. |
 | | A service obtains value exactly as a good doesthat is, by the satisfaction of some want being dependent upon itand the amount of its value is measured by the importance of the dependent wantthat is, by the amount of the marginal utility which may be obtained from a service of such kind and such extent. |
 | | If a good is capable of rendering ten services, and if the satisfaction of a certain want depends on each of these services, it is obvious that what depends on the possession of the good is the receiving of these satisfactions, and, indeed, of all the ten satisfactions from which the services get their value. |
| www.econlib.org /library/BohmBawerk/bbPTC41.html (2479 words) |
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