ABSTRACT
It is necessary therefore to call attention to this peculiar train of thought in Adam Smith’s book: first the value of the commodity is examined and in some passages correctly determined – so correctly determined that he traces out in general form the origin of surplus value and of its specific forms, hence deriving wages and profit from this value. But then he takes the opposite course, and seeks on the contrary to deduce the value of commodities (from which he has deduced wages and profit) by adding together the natural princes of wages, profit and rent.
