 | Stephen Worms - Distribution (Economic theory) - 1901 - 556 pages
...the person who possessee it , and who means not to use or to consume it himself, but to exchange it, is equal to the quantity of labour which it enables...measure of the exchangeable value of all commodities." Dessenungeachtet muss Ad. Smi th p. 46 zugestehen : „it is more natural . . . to estimate ite (a... | |
 | W. Tcherkesoff - Socialism - 1902 - 124 pages
...produce from other nations" ("Wealth of Nations," p. 1). 2. "The value of any commodity, therefore, to the person who possesses it, and who means not...himself, but to exchange it for other commodities, is egual to the quantity of labor which it enables him to purchase or command" (p. 38). 3. "The real price... | |
 | Marie Willem Frederik Treub - 1902 - 420 pages
...zijn zaak op de markt koopen kan, aan allerlei wisselingen onderhevig; ') The value of any commodity to the person who possesses it, and who means not...himself but to exchange it for other commodities, is n/nal to the quantity of labour ivhich it enables kim to purchase or command.... The real price of... | |
 | Albert Conser Whitaker - Economics - 1904 - 240 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." * This passage permits of but one interpretation. If I am rich, in the sense of owning things with... | |
 | Percy Kinnaird - Banks and banking - 1904 - 346 pages
...labor 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...for other commodities, is equal to the quantity of labor which it enables him to purchase or command. . . . Labor, therefore, is the real measure of the... | |
 | William Ramage Lawson - Great Britain - 1904 - 426 pages
...Ibid. The value of any commodity is equal to the amount of labour which it enables him (the possessor) to purchase or command. Labour therefore is the real...measure of the exchangeable value of all commodities. —Ibid. Wages, profit, and rent are the three original sources of all revenue as well as of all exchangeable... | |
 | Albert Conser Whitaker - Economics - 1904 - 216 pages
...And again : " The value of any commodity to the person who possesses it [and wishes to exchange it] is equal to the quantity of labour which it enables him to purchase or commancL Labour, therefore, is the real measure of the exchangeable value of all commodities." * The... | |
 | William Bell Robertson - Economics - 1905 - 272 pages
...he says that the value of any commodity to the person who possesses it and who means to exchange it, is equal to the quantity of labour which it enables him to purchase or command, is that the value of an object is equal to the quantity of labour it purchases or commands as embodied... | |
 | William Ramage Lawson - Great Britain - 1906 - 428 pages
...Ibid. The value of any commodity is equal to the amount of labour which it enables him (the possessor) to purchase or command. Labour therefore is the real...measure of the exchangeable value of all commodities. —Ibid Wages, profit, and rent are the three original sources of all revenue as well as of all exchangeable... | |
 | Albion W. Small - Economics - 1907 - 290 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...the real measure of the exchangeable value of all commodities.10 We shall have occasion to observe presently how Smith restrained himself from following... | |
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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,... 
