...philanthropists have seemed to sanction it. Adam Smith says, " The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it." 1 Mr. Joseph Cook says, " The cost of producing labor should determine the price of labor." 2 "No one...

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

...which was previously used in enunciating the principle that "the real price of everything, what it really costs to the man who wants to acquire it, is the toil and trouble of acquiring it."1 It is perhaps the most distinguishing merit of the Austrian school that they recognize in the...

...renders this scheme quite feasible. It is said 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." But neither this price nor the value of the thing when acquired is the same to everybody. One person...

...elements. On the other hand, Ricardo took as his starting point the proposition that "what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it," and developed this into his ingenious theory that cost may be reduced to terms of labor only. Of course,...

...which it enables him to purchase or command" (p. 38). 3. "The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it" (idem). 4. "What is bought with money or with goods, is purchased by labor" (idem). 5. "Labor, therefore,...

...measure of the exchangeable value of all commodities. The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. What everything is really worth to the man who has acquired it, and who wants to dispose of it or exchange...

...this coincidence with his own views. The real price of everything, says Adam Smith, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. ... Labour was the first price, the original purchase money, that was paid for all things. . . . The...

...define the word " price," which he does as follows : " The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it."—Id., page 46. This is only another way of asserting that the labor expended in creating the...

...conveniences, and amusements of human life. * • • The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. What everything is really worth to the man who has acquired it and who wants to dispose of it or exchange...