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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. "
On the Principles of Political Economy, and Taxation - Page 1
by David Ricardo - 1821 - 538 pages
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Economics

Frank Wilson Blackmar - Economics - 1907 - 564 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...
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An Inquiry Into the Nature and Causes of the Wealth of Nations

Adam Smith - Economics - 1909 - 644 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...in exchange; and on the contrary, those which have die greatest value in exchange have frequently little or no value in use. Nothing is more useful than...
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History of Economic Thought..

Lewis Henry Haney - Economics - 1911 - 598 pages
...the latter is the power of purchasing goods, of which diamonds afford an illustration. " 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." In this distinction Smith is in accord with the idea of valeur...
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A Text-book of Economics

Milton Briggs - Economics - 1921 - 552 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...
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History of Economic Thought: A Critical Account of the Origin and ...

Lewis Henry Haney - Economics - 1922 - 714 pages
...diamonds afford an illustration. " The things which have the greatest value in use have fre-o quently 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." In this distinction Smith is in accord with the idea of valour...
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Valuation of Oil and Gas Lands

Robert Wesley Brown - Natural gas - 1924 - 236 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...
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An Introduction to the Theory of Value on the Lines of Menger, Wieser, and ...

William Smart - Austrian school of economics - 1926 - 124 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...
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A Review Of Economic Theory

Edwin Cannan - Business & Economics - 1964 - 480 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...
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An Inquiry into the Nature and Causes of the Wealth of Nations

Adam Smith - History - 2008 - 1148 pages
...ofthat 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 1 [Harris, Money and Coins, pt. i., ยง 30, note, makes the French livre about one seventieth part of...
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The Evolution of Economic Ideas

Phyllis Deane - Business & Economics - 1978 - 260 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 no value in use. Nothing is more useful than water, but it will purchase scarce anything:...
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