 | Terence Whalen - Language Arts & Disciplines - 1999 - 572 pages
...Smith, who observes that the term "value" can refer to either the "utility of a particular object" or to the "power of purchasing other goods which the possession of that object conveys."68 But whereas Smith seeks to preserve both meanings of value, Poe seems haunted by the possibility... | |
 | Charles Gide, Charles Rist - Business & Economics - 2000 - 728 pages
...of Nations, Book I, ehap. 4 ; Cannan, vol. i, p. 30. The passage is well known. " The word ' value,' it is to be observed, has two different meanings, and sometimes expresses the utility of some partieular objeet, and sometimes the power of purehasing other goods whieh the possession of that objeet... | |
 | Uskali Mäki - Business & Economics - 2001 - 420 pages
...entirely as its usefulness in buying and selling. Marshall writes: 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... | |
 | James C. W. Ahiakpor - Business & Economics - 2003 - 278 pages
...value or price and explain the determination of the latter, Adam Smith writes: The word VALUE . . . has two different meanings, and sometimes expresses...in use;" the other "value in exchange." The things that have the greatest value in use have frequently little or no value in exchange; and on the contrary,... | |
 | Derek K. Hitchins - Industrial management - 2003 - 504 pages
...are arguable, to say the least. 45 The essential meaning of value takes some thought: The word VALUE, it is to be observed, has two different meanings,...of purchasing other goods which the possession of the object conveys. The one may be called value in use, while the other may be called value in exchange.... | |
 | Mark Sagoff - Business & Economics - 2004 - 298 pages
...Smith stated this observation as follows: The word VALUE, it is to be observed, lias two diilerent meanings. and sometimes expresses the utility of some particular object, and sometimes the puwer of purchasing other goods. . .The one may be called "value in use": the other, "value in exchange."... | |
 | David Ricardo - Business & Economics - 2006 - 305 pages
...compensation which is paid for that labor. It has been observed by Adam Smith that "the word Value has two different meanings, and sometimes expresses...goods which the possession of that object conveys. Hie one may be called value in use; the other value in exchange. The things," he continues, "which... | |
 | Joan Robinson - 162 pages
...where does it come from ? It does not mean usefulness — the good that goods do us. The word VALUE, it is to be observed, has two different meanings,...particular object, and sometimes the power of purchasing odier goods which the possession of that object conveys. The one may be called "value in use"; the... | |
 | Henry George - Business & Economics - 2006 - 453 pages
...Adam Smith as " value in exchange." Adam Smith's words are (Book I, Chapter IV) : The word " valae," it is to be observed, has two different meanings,...some particular object, and sometimes the power of p«rchasing other goods which the possession of that object conveys. The one may be called " value... | |
 | Alfred Marshall - Business & Economics - 2006 - 457 pages
...here, "The word vtdne" says Adam Smith "has two different meanings, and sometimes expresses the utiliiy of some particular object and sometimes the power...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... | |
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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... 
