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" The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command. Labour, therefore,... "
Principles of Social and Political Economy, Or, The Laws of the Creation and ... - Page 142
by William Atkinson - 1858 - 645 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
...commodity, therefore, to the perfon who poflefles it, and who means not to ufe or confume it himfelf, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchafe or command. Labour, therefore, is the real meafure of the excJiaQgeable value of all commodities....
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An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 1

Adam Smith - Economics - 1809 - 372 pages
...labour which he can command, or which he can afford to purchase. The value of any commodity, therefore, to the person who possesses it, and who means not...measure of the exchangeable value of all commodities. The real price of every thing, what every thing really costs to the man who wants to acquire it, is...
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The Works of Adam Smith, Volume 2

Adam Smith - Economics - 1812 - 582 pages
...commodity, therefore, to the perfon who pofleffes it, and who means not to ufe or confume it himfelf, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchafe or command. Labour, therefore, is the real meafure of the exchangeable value of all commodities....
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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
...commodity, therefore, to the perfon who pofleffes it, and who means not to ufe or confume it himfelf, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchafe or command. Labour, therefore, is the real meafure of the exchangeable value of all commodities....
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The United States Literary Gazette, Volume 4

1826 - 506 pages
...certainty." Playfair's Remarks on Lauderdale. The words oi Smith are, " The value of any commodity to the person who possesses it, and who means not to use or consume it himsell, but to exchange it for other commodities, is equal to the quantity of labour, which it enables...
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The United States Literary Gazette, Volume 4

Literature - 1826 - 490 pages
...certainty." Playfair's Remarks on Lauderdale. The words ol Smith are, " The value of any commodity to the person who possesses it, and who means not to use of consume it himself, but to exchange it for other commodities, is equal to the quantity of labour,...
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Principles of Political Economy Considered with a View to Their Practical ...

Thomas Robert Malthus - Economics - 1836 - 520 pages
...frequently, and on which he evidently lays the chief stress. " The value of any commodity," he says, " to the person who possesses it, and who means not...measure of the exchangeable value of all commodities.''* Other expressions in the same chapter apply labour as a measure of value in the same way;j" and on...
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An Inquiry Into the Nature and Causes of the Wealth of Nations

Adam Smith - Economics - 1838 - 476 pages
...afford to purchase. The value of any commodity, therefore, to the person who possesses it, and whu means not to use or consume it himself, but to exchange...measure of the exchangeable value of all commodities. The real price of every thing, what everr thing really costs to the man who wants to acquire it, is...
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The Monthly magazine, Volumes 54-56

Monthly literary register - 1822 - 1050 pages
...not more fortunate in his next definition, where he says that the value of a commodity to any one " is equal to the quantity of labour which it enables him to purchase or command." Had he said, as Johnson has said, that the value of a commodity is equal to its work, or the quantity...
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View of the Progress of Political Economy in Europe Since the Sixteenth Century

Travers Twiss - Business & Economics - 1847 - 358 pages
...purchase. " The value of any Definition commodity, therefore, to the person who possesses it, of value' and who means not to use or consume it himself, but...measure of the exchangeable value of all commodities. " The real price of every thing, what every thing Eeai price, really costs to the man who wants to...
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