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" As soon as stock has accumulated in the hands of particular persons, some of them will naturally employ it in setting to work industrious people, whom they will supply with materials and subsistence, in order to make a profit by the sale of their work,... "
Capital and Interest: A Critical History of Economical Theory - Page 72
by Eugen von Böhm-Bawerk - 1890 - 431 pages
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An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 1

Adam Smith - Economics - 1822 - 522 pages
...can regulate the quantity of labour which it ought commonly to purchase, command, or exchange for. As soon as stock has accumulated in the hands of particular...adds to the value of the materials. In exchanging the com. pletc manufacture either for money, for labour, or for other goods, over and above what may be...
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An Inquiry Into the Nature and Causes of the Wealth of Nations

Adam Smith - Economics - 1838 - 476 pages
...can regulate the quantity of labour which it ought commonly to purchase, command, or exchange for. As soon as stock has accumulated in the hands of particular...adds to the value of the materials. In exchanging Ute complete manufacture either for money, for labour, or for other goods, over and above what may...
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Lectures on political economy ... To which is prefixed part third of the ...

Dugald Stewart - 1877 - 488 pages
...Smith has given in a different chapter, of the component parts of the price of commodities : — " As soon as stock has accumulated in the hands of particular-...it in setting to work industrious people, whom they wiy supply with materials and subsistence, in order to make a profit by the sale of their work, or...
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A History of the Theories of Production and Distribution in English ...

Edwin Cannan - Economics - 1903 - 458 pages
...of labour. They are regarded as somehow the result of the fact that capitalists employ labour : — 'As soon as stock has accumulated in the hands of...work, or by what their labour adds to the value of the materials.'1 Employers would not employ labour at all if they did not expect some profit, some surplus...
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An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 1

Adam Smith - Economics - 1904 - 480 pages
...can regulate the quantity of labour which it ought commonly to purchase, command, or exchange for. As soon as stock has accumulated in the hands of particular persons, some of them will naturally em-l ploy it in setting to work industrious people, whom! they will supply with materials and subsistence,...
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An Inquiry Into the Nature and Causes of the Wealth of Nations

Adam Smith - Economics - 1909 - 676 pages
...can regulate the quantity of labour which it ought commonly to purchase, command, or exchange for. As soon as stock has accumulated in the hands of particular...work industrious people, whom they will supply with materiate and subsistence, in order to make a profit by the sale of their work, or by what their labour...
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An Inquiry Into the Nature and Causes of the Wealth of Nations

Adam Smith - Economics - 1909 - 644 pages
...can regulate the quantity of labour which it ought commonly to purchase, command, or exchange for. As soon as stock has accumulated in the hands of particular persons, some of them wili naturally employ it in setting to work industrious people, whom they will supply with materials...
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Theories of Value and Distribution Since Adam Smith: Ideology and Economic ...

Maurice Dobb - Business & Economics - 1975 - 308 pages
...regulate the quantity of labour which it ought commonly to purchase, command or exchange for."* But "as soon as stock has accumulated in the hands of...their labour adds to the value of the materials". In such circumstances, "the value which the workmen add to the materials resolves itself in this case...
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A Theory of Inequality and Taxation

Patricia Apps - Business & Economics - 1981 - 152 pages
...one beaver should naturally exchange for or be worth two deer [p. 150]. and in contrast he observed: As soon as stock has accumulated in the hands of particular...what their labour adds to the value of the materials [p. 151]. The difference between the two economies, however, does not depend on the level of accumulation.19...
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Theories of Political Economy

James A. Caporaso, David P. Levine - Business & Economics - 1992 - 258 pages
...sell their labor in order to acquire the means to satisfy their needs. As Adam Smith put it in 1776: As soon as stock has accumulated in the hands of particular...profit by the sale of their work, or by what their labor adds to the value of the materials. (1937:78) We can look at this result in two importantly different...
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