 | Walter A. Weisskopf - Medical - 1955 - 276 pages
...oflabour, at all times and places, may be said to be of equal value to the labourer. In his ordinary state of health, strength and spirits, in the ordinary degree...the same portion of his ease, his liberty, and his happiness.2 Here labour is the expression and measure of subjective sacrifices, of 'ease, liberty and... | |
 | Business & Economics - 2000 - 456 pages
...labour at all times and places may be said to be of equal value to the labourer ; in his ordinary state of health, strength, and spirits, in the ordinary...the same portion of his ease, his liberty, and his happiness,"2 — it is clearly not value in exchange that is meant, but value in use ; and, according... | |
 | Roger Backhouse - Business & Economics - 2000 - 482 pages
...equal value to the 94 On the Nature and History of Economics [BK. I. labourer. In his ordinary state of health, strength, and spirits, in the ordinary...lay down the same portion of his ease, his liberty, his happiness. The price which he pays must always be the same, whatever the quantity of goods which... | |
 | Business & Economics - 2000 - 724 pages
...suitable, so Smith resorts to labor again, this time as a measure. Under ordinary conditions the laborer " must always lay down the same portion of his ease, his liberty, and his happiness." He may receive more or less goods, but the price he pays in labor is the same: their value varies,... | |
 | James Bowen, Margarita Bowen - Technology & Engineering - 2011 - 746 pages
...places, may be said to be of equal value to the labourer. 1n his ordinary state of health, strengths and spirits; in the ordinary degree of his skill and...happiness. The price which he pays must always be the same.4 Smith argues that all commodities will naturally fluctuate in price in any given market, thus... | |
 | Gordon Bigelow - Literary Criticism - 2003 - 246 pages
...places, may be said to be of equal value to the labourer. In his ordinary state of health, strengths and spirits; in the ordinary degree of his skill and...happiness. The price which he pays must always be the same.4 Smith argues that all commodities will naturally fluctuate in price in any given market, thus... | |
 | Thomas A. Boylan, Tadhg Foley - Business & Economics - 2003 - 324 pages
...Nations, Bk I., Ch. V. Further on, speaking of the labourer, he observes — "In his ordinary state of health, strength, and spirits, in the ordinary...portion of his ease, his liberty, and his happiness." Had Smith recognised the existence of Abstinence, and been a little more careful to employ in a uniform... | |
 | William M. Dugger, Howard J. Sherman - Business & Economics - 2003 - 328 pages
...theory of value. As Adam Smith states the case, labor is irksome and the laborer in exerting himself "must always lay down the same portion of his ease, his liberty, and his happiness.""8 In this sentence is evidence of an acceptance of hedonism. Labor is painful and is undertaken... | |
 | Serge-Christophe Kolm - Political Science - 2004 - 556 pages
...labour, at all times and places, may be said to be of equal value to the labourer. In his ordinary state of health, strength and spirits; in the ordinary degree...price which he pays must always be the same, whatever may be the quantity of goods which he receives in return for it. ... Labour alone, therefore, never... | |
 | Adam Smith - Business & Economics - 2004 - 260 pages
...labour, at all times and places, may be said to be of equal value to the labourer. In his ordinary state of health, strength and spirits; in the ordinary degree...price which he pays must always be the same, whatever may be the quantity of goods which he receives in return for it. Of these, indeed, it may sometimes... | |
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Equal quantities of labour, at all times and places, may be said to be of equal value to the labourer. In his ordinary state of health, strength, and spirits ; in the ordinary degree of his skill and dexterity, he must always lay down the same portion... 
