 | Martin Cohen - Fiction - 2003 - 354 pages
...'value', even when governments do it.) 'Labour alone, never varying in its own value, is the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. lt is their real price; money is the nominal price only' is the answer both Adam Smith... | |
 | Paul K. Saint-Amour - Law - 2003 - 306 pages
...at heart a proponent of the labor theory of value, which identified labor as "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." 3 Thus the value of diamonds... | |
 | David Hawkes - Criticism - 2003 - 228 pages
...inevitable consequence of a market economy. 'Labour', he repeatedly stresses, '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' (36-7). According to this... | |
 | Adam Smith - Business & Economics - 2004 - 260 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... | |
 | Serge-Christophe Kolm - Political Science - 2004 - 556 pages
...return for 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 their real price; money is their nominal price only." the Gini coefficient are... | |
 | Morag Shiach - Biography & Autobiography - 2004 - 312 pages
...original source of value: 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. (29) But, for historical reasons,... | |
 | Hayashi Hiroyoshi - Labor theory of value - 2005 - 420 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. Smith says that the same amount... | |
 | Glyn Lloyd-Hughes - 2005 - 412 pages
...and his happiness. 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. Labour, like commodities,... | |
 | Gustavo Faigenbaum - Psychology - 2005 - 286 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 (Smith, 1976, vol. I, 37).... | |
 | Ronald J. Baker - Business & Economics - 2010 - 402 pages
...Wealth of Nations: 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 (quoted in Cohen, 2001: 40).... | |
| |
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. 
