...quantity of labour expended on each. " The real price of every thing," says Dr Smith, " what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. What every thing is really worth to the man who has acquired it, and who wants to dispose of it, or exchange...

...to the primary, the real -value concept: "The real price of everything, what everything really costs the man who wants to acquire it, is the toil and trouble of acquiring it" — labor cost of some sort: but "what everything is really worth to the man who has acquired it is...

...his theory of exchanges. Thus he says: I3 I f The real price of everything, what everything really II costs to the man who wants to acquire it, is the toil and IV trouble of acquiring it. What everything is really worth \/ to the man who has acquired it, and...

...who wants to acquire it, is the toil and trouble of acquiring it" — labor cost of some sort: but "what everything is really worth to the man who has acquired it is the toil and trouble which it can save to himself and which it can impose upon other people." Here...

...RATES Applying the rule laid down by Adam Smith, that " the real price of everything, what everything costs to the man who wants to acquire it, is the toil and trouble of acquiring it," the foregoing means that the average purchaser of railway transportation now obtains passenger service...

...value in exchange unrelated and apart. " The real price of everything," he says, " what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it." 3 Accordingly a cost theory is the 1 Not marginal utility, but general capacity to satisfy wants regardless...

...is obtained. " Labour," he says, " is the real measure of the exchangeable value of all commodities. The real price of everything, what everything really...acquire it, is the toil and trouble of acquiring it." * The difficulty of accounting for the wide disparity in the values of water and of diamonds according...

...of the exchange value of all commodities. The real price of everything, what everything really costs the man who wants to acquire it is the toil and trouble of acquiring it; what everything really is worth to the man who has acquired it is the toil and trouble it can save himself and which...

...of Production, realising that this is a statement of tendency. This was recognised by Adam Smith. " The real price of everything, what everything really...acquire it, is the toil and trouble of acquiring it," and by Ricardo : " It is the comparative quantity of commodities which labour will produce that determines...

...the Oxford English Dictionary and found the quotation from Adam Smith's Wealth of Nations— 1776. " The real price of everything, what everything really costs to the man who warls to acquire it is the toil and trouble of acquiring it. Labour was the first price, the original...