 | J. R. Martin, Robert Veel - Language Arts & Disciplines - 1998 - 384 pages
...conveys)]. 2) The one may be called 'value [in use] '; the other, 'value [in exchange] '. 3) The things [which have the greatest value (in use) ] have frequently...[which have the greatest value (in exchange)) have frequently little or no value [in use]. 4) Nothing is more useful than water: but it will purchase... | |
 | John O'Neill - Capitalism - 1998 - 246 pages
...of an object from its use value. Using the examples of water and diamonds, Smith notes: 'The things which have the greatest value in use have frequently...or no value in exchange; and on the contrary, those things which have the greatest value in exchange have frequently little or no value in use'. 34 The... | |
 | David L. Sills, Robert King Merton - Social Science - 2000 - 466 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... | |
 | Business & Economics - 2000 - 724 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... | |
 | Mark Jordan - 2002 - 188 pages
...his book, Wealth of Nations. Adam Smith made the following observation regarding value: "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 scarcely anything;... | |
 | Arthur E. Gandolfi, Anna Sachko Gandolfi, David P. Barash - Business & Economics - 302 pages
...paradox. Smith and his followers made a distinction between value in use and 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. (Smith, 1 976. pp.32-33) But this is merely a restatement of... | |
 | Sandra Peart - Biography & Autobiography - 2003 - 296 pages
...of the commodity. In a passage which will be familiar to most readers, Adam Smith says: "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... | |
 | Verna V. Gehring, William Arthur Galston - Political Science - 2002 - 366 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... | |
 | David Hawkes - Criticism - 2003 - 228 pages
...two kinds of value: The one may be called 'value in use'; 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 frequently little or no value... | |
 | John Elliott Cairnes - Business & Economics - 2004 - 440 pages
...of the commodity. In a passage which will be familiar to most readers, Adam Smith says: "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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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. 
