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" If among a nation of hunters, for example, it usually costs twice the labour to kill a beaver which it does to kill a deer, one beaver should naturally exchange for or be worth two deer. It is natural that what is usually the produce of two days... "
Capital and Interest: A Critical History of Economical Theory - Page 381
by Eugen von Böhm-Bawerk - 1890 - 431 pages
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The Johns Hopkins University Studies in Historical and Political Science

John Martin Vincent - History - 1895 - 620 pages
...Smith's illustration of the same theory: " If among a nation of hunters it usually cost twice the labor to kill a beaver which it does to kill a deer, one...should naturally exchange for, or be worth, two deer."' We observe that in all the quotations the word natural occurs. Each is striving to find a natural measure...
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The Johns Hopkins University Studies in Historical and Political Science

John Martin Vincent - History - 1895 - 650 pages
...Smith's illustration of the same theory : " If among a nation of hunters it usually cost twice the labor to kill a beaver which it does to kill a deer, one...beaver should naturally exchange for, or be worth, two deer."1 We observe that in all the quotations the word natural occurs. Each is striving to find a natural...
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An Essay on Value: With a Short Account of American Currency

John Borden - Money - 1897 - 240 pages
...example, it usually cost twice the labor to kill a beaver which it cost to kill a deer, one beaver would naturally exchange for or be worth two deer. It is natural that what is the produce of two days' or two hours' labor should be worth double of what is usually the produce...
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The Fallacy of Marx's Theory of Surplus-value

Henry Seymour - Capital - 1897 - 84 pages
...expenditure of vital (l)"If among a nation of hunters, for example, it usually cost twice the labor to kill a beaver which it does to kill a deer, one beaver shall naturally exchange for, or be worth, two deer. It is natural that what is usually the produce...
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Principles of Political Economy

Charles Gide - Economics - 1903 - 732 pages
...them. This theory seems to possess two advantages over the pre1 " It is natural," says Adam Smith, " that what is usually the produce of two days' or two hours' labor should be worth double what is usually the produce of one day's or one hour's labor." — " Wealth...
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An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 1

Adam Smith - Economics - 1904 - 480 pages
...rule for exchanging them for one another. If among a nation of hunters, for example, it usually costs twice the labour to kill a beaver which it does to...is natural that what is usually the produce of two days'or two hours' labour, should be worth double of what is usually the produce of one day's or one...
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Socialism; a Summary and Interpretation of Socialist Principles

John Spargo - Socialism - 1906 - 292 pages
...paid for all things. ... If among a nation of hunters, for example, it usually costs twice the labor to kill a beaver which it does to kill a deer, one beaver would naturally be worth or exchange for two deer. It is natural that what is usually the produce of...
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An Inquiry Into the Nature and Causes of the Wealth of Nations

Adam Smith - Economics - 1909 - 644 pages
...rule for exchanging them for one another. If among a nation of hunters, for example, it usually costs twice the labour to kill a beaver which it does to...produce of two days or two hours labour, should be wordi double of what is usually the produce of one day's or one hour's labour. If the one species of...
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Total Utility and the Economic Judgment Compared with Their Ethical Counterparts

Marion Parris - Ethics - 1909 - 114 pages
...amount of labour which went to produce it. "If among a nation of hunters, for example, it usually costs twice the labour to kill a beaver which it does to...beaver should naturally exchange for or be worth two deer."2 Labour is used in this early formulation' of the theory of value in the sense of disability,...
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Principles of Political Economy

Charles Gide - Economics - 1909 - 728 pages
...them. This theory seems to possess two advantages over the pre1 " It is natural," says Adam Smith, " that what is usually the produce of two days' or two hours' labor should be worth double what is usually the produce of one day's or one hour's labor." — " Wealth...
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