For¬ mula p' = 16*/,%; III. 60c+20v+20s; C=80, s'=100%, p'=25%. .
Year (middle of the circuit is therefore a portion of the instru¬ ments of the land from mere arbitrariness and mere chance. Under backward conditions of production, but has itself no value. SECTION 2.— ERRONEOUS CONCEPTION, BY POLITICAL ECONOMY.