 | Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe - Economics - 1903 - 752 pages
...are 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... | |
 | Alfred Marshall - Economics - 1903 - 574 pages
...connected 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... | |
 | David Ricardo - Economics - 1903 - 946 pages
...which if paid for that labour. \ §1TT has been observed by Adam Smith, that " the word •*• Value has two different meanings, and sometimes expresses the utility of some particular object, and some-^ times the power of purchasing other goods which the possession of that object conveys. The one... | |
 | Law - 1905 - 1080 pages
...necessity of the case. Town of Rochester v. Town of Chester, 3 NH 349, 358. The word 'Value," It le to be observed, has two different meanings, and sometimes...object, and sometimes the power of purchasing other poods which the possession of that object conveys. The one may be called "value in use"; the other... | |
 | Albion W. Small - Economics - 1907 - 290 pages
...rules [sic] determine what shall be called the relative or exchangeable value of goods. The word value, it is to be observed, has two different meanings,...called "value in use," the other, "value in exchange." .... In order to investigate the principles which regulate the exchangeable value of commodities, I... | |
 | Frank Wilson Blackmar - Economics - 1907 - 564 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... | |
 | Frank Wilson Blackmar - Economics - 1907 - 456 pages
...his " Wealth of Nations " (Bk. 1, 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... | |
 | John Orr - Land - 1912 - 136 pages
...never got rid of the confusion arising from this unscientific mixture. " The word value," he says, " has two different meanings, and sometimes expresses...' value in use ' ; the other ' value in exchange.' " 1 But " value in use " is a matter with which economists have nothing to do. Theirs is a mental science,... | |
 | John Orr - Land - 1912 - 142 pages
...word value," he says, " has two different meanings, and sometimes expresses the utility of some 83 particular object, and sometimes the power of purchasing...' value in use ' ; the other ' value in exchange.' " 1 But " value in use " is a matter with which economists have nothing to do. Theirs is a mental science,... | |
 | Alfred Marshall - Economics - 1916 - 916 pages
...be said about it here, taken pro'' The word value " says Adam Smith " has two different ™repre-y meanings, and sometimes expresses the utility of some...particular object and sometimes the power of purchasing purchasing other goods which the possession of that object conveys." But experience has shown that... | |
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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... 
