| 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.... | |
| 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... | |
| 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.... | |
| 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... | |
| 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:... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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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