 | United States. Congress. House. Un-American Activities - 1938 - 1538 pages
...poultry, etc." — Engels — Supplement to Vol. Ill of Capital.) '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 ciiinniand." — (Adam Smith — Wealth of Nations. Hook... | |
 | United States. Congress. House. Special committee on un-American activities - 1940 - 2026 pages
...poultry, etc." — Kngels — Supplement to Vol. Ill of Capital.) "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." — (Adam Smith — Wealth of Nations, Hook I.)... | |
 | Adam Smith - Biography & Autobiography - 1987 - 500 pages
...The consequence therefore in your syllogism cannot fairly conclude, that the value of any commodity to the person who possesses it, and who means not to use or to consume it himself, but to exchange it for other commodities, is equal to the quantity of labour,... | |
 | Phyllis Deane - Business & Economics - 1978 - 260 pages
...fraction of the total value of production.20 To quote Smith again: 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 17 Ibid, pp. 35-6. " Ibid, p. 36. 19 Ibid, p. 38. 20 See below p. 61 for the relevant quotation from... | |
 | Hardy Hoover - Science - 1980 - 228 pages
...lahour 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 to use or consume it himself, hut to exchange it for other commodities, is equal to the quantity of lahour which it enahles him to... | |
 | Richard Machin, Christopher Norris - Literary Criticism - 1987 - 422 pages
...Smith was a proponent of the labor-command theory of value: "The value of any commodity, therefore, to the person who possesses it, and who means not...measure of the exchangeable value of all commodities."" His method of increasing the wealth of a nation is therefore greater division of labor, greater specialization,... | |
 | George Nicholas Atiyeh, Ibrahim M. Oweiss - History - 1988 - 384 pages
...supposed at the time to contain the value of an equal quantity. The value of any commodity, therefore, to the person who possesses it, and who means not...measure of the exchangeable value of all commodities." 8 If this passage which was published in AD 1776 in Adam Smith's major work, is carefully analyzed,... | |
 | Thomas Robert Malthus - Business & Economics - 1989 - 518 pages
...Malthus was probably referring to the following statements: 'The value of any commodity, therefore, to the person who possesses it, and who means not...labour which it enables him to purchase or command. . . . The real price of every thing, what every thing really costs to the man who wants to acquire... | |
 | David Favrholdt - Philosophy - 1991 - 116 pages
...following this work will be quoted as WN. 11. Id. loc. 12. "The value of any commodity, therefore, to the person who possesses it, and who means not...quantity of labour which it enables him to purchase or commmand." WN Book I, Ch 5. Other relevant quotations from Smith's works, and a general account of... | |
 | Henry William Spiegel - Business & Economics - 1991 - 904 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 exchangeable... | |
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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,... 
