 The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command.  Pricing on Purpose: Creating and Capturing Value - Page 65by Ronald J. Baker - 2010 - 400 pagesLimited preview - About this book
 | Adam Smith - Economics - 1789 - 526 pages
...commodity, therefore, to the perfon who poflefles it, and who means not to ufe or confume it himfelf, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchafe or command. Labour, therefore, is the real meafure of the excJiaQgeable value of all commodities.... | |
 | Adam Smith - Economics - 1812 - 520 pages
...commodity, therefore, to the perfon who pofleffes it, and who means not to ufe or confume it himfelf, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchafe or command. Labour, therefore, is the real meafure of the exchangeable value of all commodities.... | |
 | Adam Smith - Economics - 1812 - 582 pages
...commodity, therefore, to the perfon who pofleffes it, and who means not to ufe or confume it himfelf, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchafe or command. Labour, therefore, is the real meafure of the exchangeable value of all commodities.... | |
 | 1826 - 506 pages
...certainty." Playfair's Remarks on Lauderdale. The words oi Smith are, " The value of any commodity to the person who possesses it, and who means not to use or consume it himsell, but to exchange it for other commodities, is equal to the quantity of labour, which it enables... | |
 | Literature - 1826 - 490 pages
...certainty." Playfair's Remarks on Lauderdale. The words ol Smith are, " The value of any commodity to the person who possesses it, and who means not to use of consume it himself, but to exchange it for other commodities, is equal to the quantity of labour,... | |
 | Adam Smith - Economics - 1838 - 476 pages
...consists the real price of all commodities. which he can command, or which he сал afford to purchase. The value of any commodity, therefore, to the person who possesses it, and whu means not to use or consume it himself, but to exchange It for other commodities is equal to the... | |
 | Monthly literary register - 1822 - 1050 pages
...not more fortunate in his next definition, where he says that the value of a commodity to any one " is equal to the quantity of labour which it enables him to purchase or command." Had he said, as Johnson has said, that the value of a commodity is equal to its work, or the quantity... | |
 | Methodist Church - 1848 - 660 pages
...poor according to the quantity of that labor which he can command, or which he can afford to purchase. The value of any commodity, therefore, to the person...for other commodities, is equal to the quantity of labor which it enables him to purchase or command. Labor, therefore, is the real measure of the exchangeable... | |
 | Adam Smith - Economics - 1869 - 576 pages
...according to the quantity of that labour which he can command, or which he can afford to purchase. The value of any commodity, therefore, to the person...the real measure of the exchangeable value of all commodities.1 1 Lnbour is a cnuae of value, but not value. For example, the annual value the sole cause,... | |
 | Henry Dunning Macleod - Economics - 1872 - 730 pages
...must shortly state his doctrine. The first doctrine he lays, down is that the value of any commodity is equal to the quantity of labour which it enables him to command or purchase. Hence, if I denote labour, A=Z, 21, 31, M . . . . He then says, in the next paragraph,... | |
| |
