 | Washington Gladden - Christian sociology - 1893 - 330 pages
...annually consumes ; " 1 and again, more expressly, " Labor alone, therefore, never varying in its own value, is alone the real standard by which the value...commodities can at all times and places be estimated and composed."2 Ricardo's theory of value rests also on this foundation. " All things become more or... | |
 | Frank Loomis Palmer - Labor - 1894 - 252 pages
...which purchases them. Labor alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared." The premises now have been completely changed. Formerly the standard of value was the... | |
 | Adam Smith - Economics - 1894 - 526 pages
...very little labour. Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. It is their real price ; money is their nominal price only. But though equal quantities... | |
 | David Ricardo - Economics - 1895 - 166 pages
...them ; " and therefore, " that labour alone never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared ; " — but it is correct to say, as Adam Smith had previously said, " that the proportion... | |
 | Langford Lovell Price - Money - 1896 - 220 pages
...labour. " Labour alone." he observed, 1 " never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared." What he meant precisely by " labour never varying in its own value" has been disputed,... | |
 | James Wilson Harper - Money - 1896 - 396 pages
...Smith holds that "labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. It is their real price ; money is their nominal price only."1 Other economists recognising... | |
 | Henry Dunning Macleod - Economics - 1896 - 778 pages
...very little labour. Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times be estimated and compared. It is their real price : money is their nominal price only. " But though... | |
 | Joseph Thacher Clarke - Assos (Extinct city) - 1898 - 432 pages
...of the words of Adam Smith : "Labor alone, never varying in its own value, is the ultimate and true standard by which the value of all commodities can at all times and places be estimated and compared. It is their real price ; money is their nominal price only." speaks of the wages of a... | |
 | Archaeological Institute of America - Classical antiquities - 1898 - 460 pages
...of the words of Adam Smith : "Labor alone, never varying in its own value, is the ultimate and true standard by which the value of all commodities can at all times and places be estimated and compared. It is their real price ; money is their nominal price only." speaks of the wages of a... | |
 | Martin Frederik Onnen - Working class - 1900 - 234 pages
...very little labour. Labour alone therefore, never varying in its own value , is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. It is their real price ; money is their nominal price only. IV. Wanneer de Sociaal-Democratie... | |
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Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. 
