 | James Maitland Earl of Lauderdale - Business & Economics - 1996 - 184 pages
...IC 5 [Gl. edn, p. 51]) "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 be estimated." - There is no passage more curious than this - It almost on the authors [sic] own principles... | |
 | Gunnar Myrdal - Business & Economics - 1998 - 270 pages
...labourer. . . . 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.' A. Smith, Op. cit., p. 35.... | |
 | Michael Parenti - Business & Economics - 1998 - 228 pages
...created by the labor power of workers. As Adam Smith wrote in 1776, "Labor ... 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." What transforms a tree into... | |
 | Mervyn Nicholson - Literary Criticism - 1999 - 284 pages
...Smith puts it: "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 the real price; money is their nominal price only."56 The labor theory of value... | |
 | Samuel Fleischacker - Philosophy - 1999 - 351 pages
...insists, for instance, 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. It is their real price; money is their nominal price only" (Iv7). On the other hand,... | |
 | Walter A. Weisskopf - Medical - 1955 - 276 pages
...purchases them. . . . 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.2 Labour thus becomes the foundation... | |
 | Roger Backhouse - Business & Economics - 2000 - 482 pages
...very little labour. Labour a!one, 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 thougJi... | |
 | John Kadvany - Biography & Autobiography - 2001 - 400 pages
...constant to its owners: "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. It is their real price; money is their nominal price only."2 Just how Smith's natural... | |
 | George P. Brockway - Business & Economics - 2001 - 494 pages
...by Adam Smith: "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."5 (The words "real" and "nominal"... | |
 | Kathryn Taylor Morse - History - 2003 - 348 pages
...all commodities. . . . 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."25 The labor theory of value thus argued that gold's value came from the work required... | |
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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. 
