 | Agriculture - 1840 - 550 pages
...of that object conveys. The one may be called value in use, the other, value in exchange. The things which have the greatest value in use, have frequently...or no value in exchange, and on the contrary, those that have the greatest value in exchange, have frequently little or no value in use." "Nothing," saith... | |
 | Sir Travers Twiss - Economics - 1847 - 356 pages
...value in use or utility of an object, and things which have the greatest value in use, such as water, have frequently little or no value in exchange ; and...contrary, those which have the greatest value in exchange, such UECTURE as the diamond, have frequently little or no value in "' ___. use. What then are the principles... | |
 | Travers Twiss - Business & Economics - 1847 - 358 pages
...use able value. or ^j^y of an o\)jec^ and things which have the greatest value in use, such as water, have frequently little or no value in exchange ; and on the contrary, PRICE DISTINGUISHED FROM VALUE. 167 those which have the greatest value in exchange, such LECTURE as... | |
 | Adam Smith - 1875 - 808 pages
...object conveys. The one may be called ' value in use ;' the other, ' value in exchange.' The things which have the greatest value in use have frequently...those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water : but it will purchase scarce... | |
 | William Stanley Jevons - Economics - 1879 - 434 pages
...object conveys. The one may be called " value in use ; " the other " value in exchange." The things which have the greatest value in use have frequently...those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water : but it will purchase scarce... | |
 | Emile-Justin Menier - Capital - 1880 - 466 pages
...III., chapter I., section 2. ' value in exchange.' The things which have the greatest value in use have little or no value in exchange ; and, on the contrary,...value in exchange have little or no value in use." ° Adam Smith's definition has but one inconvenience : it does not exist. He says that value signifies... | |
 | Richard Burdon Haldane Haldane (Viscount) - Economists - 1887 - 182 pages
...in use," the other "value in exchange." The things which have the greatest value in use, often have little or no value in exchange ; and, on the contrary,...those which have the greatest value in exchange, have frequently little or no value in use. " Nothing is more useful than water ; but it will purchase scarce... | |
 | Matteo Liberatore - Economics - 1891 - 342 pages
...object conveys. The one may be called ' Value in use ' ; the other ' Value in exchange." The things which have the greatest value in use have frequently...those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water ; but it will purchase scarce... | |
 | George Gunton - Economics - 1891 - 492 pages
...use, and the other, value in exchange. The things which have the greatest value in use frequently have little or no value in exchange ; and, on the contrary,...those which have the greatest value in exchange have frequently little or no value in use." ' It would be difficult to find a statement that is more misleading,... | |
 | GEORGE GUNTON - 1891 - 530 pages
...use, and the other, value in exchange. The things which have the greatest value in use frequently have little or no value in exchange ; and, on the contrary,...those which have the greatest value in exchange have frequently little or no value in use." ' It would be difficult to find a statement that is more misleading,... | |
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The things which have the greatest value in use have frequently little or no value in exchange; and, on the contrary, those which have the greatest value in exchange have frequently little or no value in use. 
