 | Richard Whately - Logic - 1831 - 440 pages
...scarcely ever adhere to it. Adam Smith defines Value to mean either the utility of a particular object, or the power of purchasing other goods which the possession of that object conveys. The first he calls " Value in use," the second " Value in exchange." But he soon afterwards says, that... | |
 | Charles Forster Cotterill - Value - 1831 - 160 pages
...for a week's labour. Fallen must the same A. Smith say, " because the value of a thing depends upon the power of purchasing other goods, which the possession of that object conveys," and labour has a less power of purchasing such other goods." After this very brief synoptical statement... | |
 | Richard Whately - Logic - 1832 - 386 pages
...scarcely ever adhere to it. Adam Smith defines Value to mean either the utility of a particular object, or the power of purchasing other goods which the possession of that object conveys. The first he calls " Value in use," the second " Value in exchange." But he soon afterwards says, that... | |
 | Thomas Robert Malthus - Economics - 1836 - 520 pages
...meaning attached to the term. The ex* Adam Smith defines the value of an object in exchange to be, " the power of purchasing other goods, which the possession of that object conveys." Book I. ch. iv. p. 42 ; 6th edit. changeable value of a commodity can only be proportioned to its general... | |
 | Adam Smith - Economics - 1838 - 476 pages
...to the The wortl VALUE, it is to be observed, has degree in which he can afford to enjoy the netwo different meanings, and sometimes expresses the utility...purchasing other goods which the possession of that object convevs. The one may be called * value in use ;' cessaries convenient! es, and amusements of human... | |
 | Richard Whately - Logic - 1840 - 508 pages
...scarcely ever adhere to it. Adam Smith defines Value to mean either the utility of a particular object, or the power of purchasing other goods which the possession of that object conveys. The first he calls " Value in use," the second " Value in exchange." But he soon afterwards says, that... | |
 | Monthly literary register - 1822 - 1050 pages
...valuable science of its rubbish. We will begin with Smith, who thus defines value: The word VALUE, it is to be observed, has two different meanings,...called value in use, the other value in exchange. — Wealth of Natiuns, b. 1. ••It. iv. " Value in use," — " value in exchange:" why this distinction... | |
 | Richard Whately - Logic - 1854 - 410 pages
...adheie to i: Adam Smith defines value to mean either the utility oi n particular object, or the powe r of purchasing other goods which the possession of that object conveys. The first he calls " value in use," the second " value in exchange." But he soon afterwards says, that... | |
 | Law - 1888 - 556 pages
...goods." These definitions are pretty evidently obtained by Bonvier from Adam Smith. " The word ' value,' it is to be observed, has two different meanings,...particular object, and sometimes the power of purchasing othergoods which the possession of that object conveys. The one may be called value in use; the other... | |
 | Natural history - 1873 - 696 pages
...be observed, has two different meanings, and sometimes eipresses the Utility of some ji.-irtiml.-ir object, and sometimes the power of purchasing other goods which the possession of tbst object conveys. The one may be called, „value in use", the other „valne in exchange." Smith... | |
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the word Value has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys. The one may be called value in use; the other value... 
