 | Alfred Marshall - 1899 - 456 pages
...large share of our attention towards the end of this treatise. § 5. "The word VALUE" says Adam Smith "has two different meanings, and sometimes expresses...called value in use, the other value in exchange." In the place of " value in use " which is a misleading expression, we now speak of " utility ; " while... | |
 | Alfred Marshall - 1899 - 448 pages
...with that of Wealth ; and a little may be said about it here. " The word value " says Adam Smith " has two different meanings, and sometimes expresses...goods which the possession of that object conveys." But experience has shown that it is not well to use the word in the former sense. The value, that is... | |
 | George Park Fisher, George Burton Adams, Henry Walcott Farnam, Arthur Twining Hadley, John Christopher Schwab, William Fremont Blackman, Edward Gaylord Bourne, Irving Fisher, Henry Crosby Emery, Wilbur Lucius Cross - American literature - 1899 - 506 pages
...the opening of his discussion, accepts Adam Smith's definition of value in exchange of an object as "the power of purchasing other goods which the possession of that object conveys,"2 but like Adam Smith he at once discards the commodity standard in estimating the goods:... | |
 | George Park Fisher, George Burton Adams, Henry Walcott Farnam, Arthur Twining Hadley, John Christopher Schwab, William Fremont Blackman, Edward Gaylord Bourne, Irving Fisher, Henry Crosby Emery, Wilbur Lucius Cross - American literature - 1899 - 496 pages
...the opening of his discussion, accepts Adam Smith's definition of value in exchange of an object as "the power of purchasing other goods which the possession of that object conveys,"2 but like Adam Smith he at once discards the commodity standard in estimating the goods:... | |
 | Frank Wilson Blackmar - Economics - 1900 - 540 pages
...In his Wealth of Nations (Bk. I, Ch. IV] he states : " The word value, it is to be observed, has two meanings, and sometimes expresses the utility of some...object conveys. The one may be called value in use and the other value in exchange. The things which have the greatest value in use have frequently little... | |
 | Johannes Conrad, Ludwig Elster, Wilhelm Hector Richard Albrecht Lexis, Edgar Loening - Economics - 1900 - 1446 pages
...wirtschaftlichen Wertes, 1884, S. 126 ff.). 2j A.Smith definiert „the value of exchange of an object" als „the power of purchasing other goods, which the possession of that object conveys-' (W. v. N., B. I, ch. IV., ed. 1776, p. 34). fassung, obzwar sie in mannigfacher Bücksicht noch der... | |
 | Correa Moylan Walsh - Currency question - 1901 - 642 pages
...interesting to note that, without thinking of this question, Adani Smith described " value in exchange " as " the power of purchasing other goods, which the possession of that object [one having utility] conveys," op. rit., p. 1.'!. This means that neither the object nor the possessor,... | |
 | Economics - 1902 - 776 pages
...employed, one for the consumer and one for the producer. Or, as Adam Smith said, "The •word VALUE, it is to be observed, has two different meanings,...value in use " ; the other, " value in exchange." Applying the general formula, then, to these particular modes of valuation, use value and exchange... | |
 | Josef Klemens Kreibig - Values - 1902 - 220 pages
...denkender Theoretiker, findet das Gemeinsame der verschiedenen Wertbegriffe in einer J) „The word Value, it is to be observed, has two different meanings and...sometimes expresses the utility of some particular objeet, and sometimes the power of purchasing other goods, whieh the possession of that objeet conveys.... | |
 | Josef Klemens Kreibig - Values - 1902 - 220 pages
...1) „The word Value, it is to be observed, has two different meanings and sometrmes expresses thc utility of some particular object, and sometimes the power of purchasing other goods, whieh the possession of that objeet eonveys. The one may be called ,value in use', the other ,value... | |
| |
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... 
