 | E. K. Hunt - Business & Economics - 2002 - 308 pages
...rule for exchanging them for one another. 1f among a nation of hunters, for example, it usually costs twice the labour to kill a beaver which it does to...should naturally exchange for or be worth two deer. 1t is natural that what is usually the produce of two days or two hours labour should be worth double... | |
 | Steve Keen - Business & Economics - 2001 - 356 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...should naturally exchange for or be worth two deer. (Smith 1776) However, once there had been an 'accumulation of stock' - once a market economy had evolved... | |
 | William M. Dugger, Howard J. Sherman - Business & Economics - 2003 - 328 pages
...any rule for exchanging them for another. If among a nation of hunters, for example, it usually costs twice the labour to kill a beaver which it does to...labour, should be worth double of what is usually the purchase of one day's or one hour's labour.57 Reasonable man would naturally take thought, weighing... | |
 | Terry Peach - Biography & Autobiography - 2003 - 378 pages
...for exchanging them for one another, 'If, among a nation of hunters," he observes, 'it usually costs twice the labour to kill a beaver which it does to kill a deer, one beaver would naturally exchange for, or be worth two deer, It is natural, that what is usually the produce... | |
 | John L. Bowman - Political Science - 2004 - 371 pages
...Ricardo. Their theory is probably best summed up in a quote from Adam Smith's The Wealth of Nations. In that early and rude state of society which precedes...is usually the produce of two days' or two hours' labor, should be worth double of what is usually the produce of one day's or one hour's labour."" In... | |
 | David Ricardo - Business & Economics - 2005 - 372 pages
...exchanging them for one another. 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...is usually the produce of two days' or two hours' labor should be double of what is usually the produce of one day's or one hour's labor."1 That this... | |
 | Glyn Lloyd-Hughes - 2005 - 412 pages
...COMPONENT PART OF THE PRICE OF COMMODITIES. 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 be worth two deer. Or if one species of labour requires an uncommon degree of dexterity and ingenuity,... | |
 | Andrew Goatly - Language Arts & Disciplines - 2007 - 464 pages
...the use of the "cost" metaphor in the following. "If among a nation of hunters ... it usually costs twice the labour to kill a beaver which it does to...should naturally exchange for, or be worth two deer." And acquiring dexterity and skill over long periods of time in training allows one to charge more for... | |
 | Adam Smith - Business & Economics - 2007 - 513 pages
...for exchanging them for one another« If among a a nation of hunters, for example, it ufually cofts twice the labour to kill a beaver which it does to kill a deer, one bearer Ihould naturally exchange for or be worth two deer. It is natural c H * pthat what is ufually... | |
 | Michael Lewis - Economic policy - 2007 - 1476 pages
...exchanging them for one another. If among a nation of hunters, for example, it usually costs twice the labor though it is advanced by the carrier, is finally paid...charged in the price of the goods. As the expense of labor, should be worth double of what is usually the produce of one day's or one hour's labor. If the... | |
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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... 
