Samuel Bailey

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Bailey, Samuel


Born 1791 in Sheffield; died Jan. 18, 1870. British economist, representative of vulgar political economy. In 1831 he founded and became the chairman of the Sheffield Banking Company. He was the author of numerous works on a wide range of economic, philosophical, and political problems. In arguing against the teaching of D. Ricardo, he denied the latter’s labor theory of value. At the same time Bailey revealed, as Marx pointed out, some contradictions in Ricardo’s economic views and was the first to offer a correct definition of the measure of value as a function of money. Marx criticized Bailey for a superficial approach to economic phenomena and for vulgarization of the ideas of classical bourgeois political economy.


A Critical Dissertation on the Nature, Measures and Causes of Value; Chiefly in Reference to the Writings of Mr. Ricardo and His Followers. London, 1825.
Questions in Political Economy, Politics, Morals, Metaphysics, Political Literature and Other Branches of Knowledge. London, 1823.
A Letter to a Political Economist; Occasioned by an Article in the “Westminster Review” on the Subject of Value. London, 1826.


Marx, K. “Teorii pribavochnoi stoimosti” (in vol. 4 of Kapital). K. Marx and F. Engels, Soch., 2nd ed., vol. 26, part 3, ch. 20.


The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Ft Lt Hywel Poole, 28, from Llandegfan, near Menai Bridge, was killed along with Ft Lt Adam Sanders, 27, and Sqdrn Ldr Samuel Bailey, 36, in the crash over the Moray Firth, Scotland on July 3, 2012.
Fiona Bailey, wife of Squadron Leader Samuel Bailey, said the MoD had finally admitted liability for her husband's death.
Flight Lieutenant Adam Sanders, 27, from Formby, had been missing since the accident involving two jets over the Moray Firth on July 3, along with Squadron Leader Samuel Bailey, 26, whose remains were also identified yesterday.
Squadron Leader Samuel Bailey, 36, and Flight Lieutenant Adam Sanders, 27, who until recently served at RAF Valley, are missing presumed dead.
But yesterday air force chiefs said colleagues stopped her flying when they found she was the wife of Squadron Leader Samuel Bailey, 36.
Flight Lieutenant Hywel Poole, 28, of Bangor, died and Squadron Leader Samuel Bailey, 26, and Flight Lieutenant Adam Sanders, 27, are missing presumed dead after the crash which left a fourth crewman seriously injured in hospital.
Samuel Bailey, 35, was born in Nottingham on 23 June, 1976.
The original Somerset Hospital was built in 1818 at the initiative of Dr Samuel Bailey to serve Cape Town's civilian population, as the only hospitals at the time were for military, naval and government personnel.
Delivery driver Samuel Bailey put his former lover in the boot and locked it after refusing to give her the keys so that she could drive herself to work.
Neighbors referred to members of the Bailey family as the `tall ones.' Shown in this picture taken in a Eugene portrait studio in 1888 are (front row, from left) Samuel Bailey, who was 6 feet 4 inches tall; John Bailey and 82-year-old Isaac Bailey, who both stood more than 6 feet 2 inches; (back row) Elizabeth Bailey Wright, at 6 feet; and 6-foot-9-inch Ezekial Bailey.
I would also like to thank Rudolph Bell, Samuel Bailey, and Virginia Yans-McLaughlin.