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" Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. "
Principles of the Economic Philosophy of Society, Government and Industry - Page 79
by Van Buren Denslow - 1888 - 782 pages
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An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 1

Adam Smith - Economics - 1789 - 526 pages
...labour. Labour alone, therefore, never varying in its own value, is alone the ultimate and real ftandard by which the value of all commodities can at all times and places be eftimated and compared. compared. It is their real price; money is their c HA Pnominal price only....
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An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 1

Adam Smith - Economics - 1809 - 372 pages
...had easily, or with very little labour. Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the...their real price ; money is their nominal price only. But though equal quantities of labour are always of equal value to the labourer, yet to the person...
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The Works of Adam Smith, Volume 2

Adam Smith - Economics - 1812 - 582 pages
...labour. Labour alone, therefore, never varying in its own value, is alone the ultimate and real ftandard by which the value of all commodities can at all times and places be eitimated and compared. compared. It is their real price j money is their CHAP. nominal price only....
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The Works of Adam Smith, LL.D. and F.R.S. of London and Edinburgh:: The ...

Adam Smith - Economics - 1812 - 520 pages
...labour. Labour alone, therefore, never varying in its own value, is alone the ultimate and real Uandard by which the value of all commodities can at all times and places be eftimated and compared. It is their real price ; money is their c HA P. nominal price only. _v>. But...
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The Elements of the Science of Money: Founded on Principles of the Law of Nature

John Prince Smith - Money - 1813 - 562 pages
...real measure of the exchangeable value " of all commodities, never varying in its own *' value ; it is alone the ultimate and real " standard by which the value of all commo" dities can at all times and at all places be es" timated and compared. It is their real price:...
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The Critical Review: Or, Annals of Literature, Volume 5

Tobias Smollett - Books - 1817 - 680 pages
...exchangeable value. Adam Smith lays it down broadly and circumstantially, book ic 5 — " Labour is alone the ultimate and real standard by which the...their real price ; money is their nominal price only." Nothing can be more necessary than a strict examination of this proposition, for it is in vain to attempt...
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Letters on the United Provinces of South America: Addressed to the Hon ...

Vicente Pazos Kanki - Argentina - 1819 - 714 pages
...commodities. Some political economists, like the learned Adam Smith, do indeed assert that, " labour is alone the ultimate and real standard by which the value of all commodities can be estimated." Labour, no doubt, is one of the sources of value or wealth, but it ought not to be confounded...
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On the Principles of Political Economy, and Taxation

David Ricardo - Classical school of economics - 1821 - 560 pages
...labour which purchases them •" and therefore, " that la hour alone never varying in its own value, is alone the ultimate and real standard by which the...times and places be '<->.' :* estimated and compared ;" — but it is correct to say, as Adam Smith had previously said, " that the proportion between the...
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Definitions in political economy

Thomas Robert Malthus - 1827 - 324 pages
...cause which has prevented labour from being received, according to the language of Adam Smith, as " alone the ultimate and real standard by which the...all times and places be estimated and compared,"* is, * Wealth of Nations, bicv Q that in different periods, and in different countries, it is not really...
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A Treatise on Political Economy: Or, The Production, Distribution and ...

Jean Baptiste Say - Economics - 1827 - 522 pages
...had easily, or with very little labour. Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard, by which the...all times and places be estimated and compared."* With great deference to so able a writer, it by no means follows, that, because labour in the same...
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