 | James Wilson Harper - Money - 1896 - 396 pages
...constitute the standard. Adam Smith holds that "labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the...is their real price ; money is their nominal price only."1 Other economists recognising the practical difficulties in the way of labour as a standard... | |
 | Langford Lovell Price - Money - 1896 - 216 pages
...discovered such a measure in labour. " Labour alone." he observed,1 " never varying in its own value, is alone the ultimate and real standard by which the...at all times and places be estimated and compared." What he meant precisely by " labour never varying in its own value " has been disputed, and is not... | |
 | Henry Dunning Macleod - Economics - 1896 - 778 pages
...had easily, or with 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...their real price ; money is their nominal price only." speaks of the wages of a digger with the spade as equal to this amount, and the same also appears as... | |
 | 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...their real price ; money is their nominal price only." speaks of the wages of a digger with the spade as equal to this amount, and the same also appears as... | |
 | Martin Frederik Onnen - Working class - 1900 - 234 pages
...had easily, or with very little labour. Labour alone therefore, never varying in its own value , is alone the ultimate and real standard by which the...their real price ; money is their nominal price only. IV. Wanneer de Sociaal-Democratie eenen toekomststaat op collectivistischen grondslag aan den huidigen... | |
 | Cyrenus Osborne Ward - Communism - 1900 - 740 pages
..."Labor alone, therefore, never varying in its own value is alone, the ultimate and real •tandard by which the value of all commodities can at all times and place* be estimated and compared." of humanity and in a ferocious and relentless manner despoiled them... | |
 | Georg Wilhelm Friedrich Hegel - Law - 1902 - 562 pages
...of the-exchangeable value of 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 bo estimated and compared. It istheirroal price; money is their nominal price only." („The Wealth... | |
 | Percy Kinnaird - Banks and banking - 1904 - 346 pages
...of other commodities. . . . " Labor alone," he adds, " therefore, never varying in its own value, is alone the ultimate and real standard by which the...is their real price; money is their nominal price only."—"WealtK of'Nations," Vol. 1, pages 5o, 51. The above shows that Mr. Smith fully appreciated,... | |
 | Albert Conser Whitaker - Economics - 1904 - 216 pages
...which he receives in return for it. * * * Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the...at all times and places be estimated and compared." 1 In this passage the misuse of the word value is flagrant, but the meaning is plain. No matter what... | |
| |
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. 
