 | Louis Mallet - Bimetallism - 1891 - 398 pages
...long ago in the fourth chapter of the first book of the " Wealth of Nations." He observes that things which have the greatest value in use have frequently little or no value in exchange, and that things which have the greatest value in exchange have often little or no value in use ; * It is... | |
 | Yves Guyot - Economics - 1892 - 340 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." Stuart Mill remarks on this last sentence, 6 that the word use... | |
 | Adam Smith - Economics - 1894 - 526 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... | |
 | David Ricardo - Economics - 1895 - 166 pages
...depends on the relative quantity of labour which is necessary for its production, and not on the greater or less compensation which is paid for that labour.'}...greatest value in exchange, have little or no value * The division of the first chapter into sections, with the analysis of each at the head, appears first... | |
 | United States - 1895 - 590 pages
...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...those which have the greatest value in exchange have frequently little or no value in use. Xothing is more useful than water, but it will purchase scarce... | |
 | John Borden - Money - 1897 - 240 pages
...exchange value affords an explanation of what has been called a paradox. Adam Smith said : " The things which have the greatest value in use have frequently...value in exchange have little or no value in use. Nothing is more useful than water • but it will purchase scarce anything ; scarce anything can be... | |
 | Frank Wilson Blackmar - Economics - 1900 - 540 pages
...that object conveys. The one may be called value in use and the other value in exchange. The things which have the greatest value in use have frequently little or no value in exchange; on the contrary, those which have the greatest value in exchange have little or no value in use. Nothing... | |
 | William Stanley Jevons - Economics - 1905 - 322 pages
...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...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... | |
 | Charles Jesse Bullock - Economics - 1905 - 398 pages
...between total and marginal utility, were puzzled by the fact that, as Adam Smith put it, " The things which have the greatest value in use have frequently little or no value in exchange." Smith observed : " Nothing is more useful than water ; but it will purchase scarce anything. ... A... | |
 | Frank Wilson Blackmar - Economics - 1907 - 456 pages
...that object conveys. The one may be called value in use and the other value in exchange. The things which have the greatest value in use have frequently little or no value in exchange; on the contrary, those which have the greatest value in exchange have little or no value in use. Nothing... | |
| |
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. 
