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" 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. Labour, therefore,... "
The Works of Adam Smith - Side 26
av Adam Smith - 1812 - 2731 sider
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An Inquiry Into the Nature and Causes of the Wealth of Nations, Volum 1

Adam Smith - 1789 - 526 sider
...people, and he muft be rich or poor according to the quantity of that labour which he can command, or which he can afford to purchafe. The value of any 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,...
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An Inquiry Into the Nature and Causes of the Wealth of Nations, Volum 1

Adam Smith - 1809 - 372 sider
...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. Labour, therefore, is the real measure of the exchangeable value of all commodities....
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The United States Literary Gazette, Volum 4

1826 - 490 sider
...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, which it enables him to purchase or command." This contains his whole leading principle upon the subject. How does our author...
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Principles of Political Economy Considered with a View to Their Practical ...

Thomas Robert Malthus - 1836 - 520 sider
...commodity," he says, " 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. Labour, therefore, is the real measure of the exchangeable value of all commodities.''*...
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View of the Progress of Political Economy in Europe Since the Sixteenth Century

Travers Twiss - 1847 - 358 sider
...therefore, to the person who possesses it, of value' 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. Labour, therefore, is the real measure of the exchangeable value of all commodities....
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View of the Progress of Political Economy in Europe Since the Sixteenth ...

Sir Travers Twiss - 1847 - 356 sider
...therefore, to the person who possesses it, of value ' 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. Labour, therefore, is the real measure of the exchangeable value of all commodities....
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Lectures on the Nature and Use of Money: Delivered Before the Members of the ...

John Gray - 1848 - 370 sider
...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. Labour, therefore, is the real measure of the exchangeable value of all commodities....
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The Methodist Quarterly Review, Volum 30

1848 - 660 sider
...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 labor which it enables him to purchase or command. Labor, therefore, is the real measure of the exchangeable...
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The Gold-seeker's Manual

David Thomas Ansted - 1849 - 190 sider
...value of any commodity, 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. Labour, therefore, is the real measure of the exchangeable value of all commodities....
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The Collected Works of Dugald Stewart, Volum 8

Dugald Stewart - 1855 - 490 sider
...continues Mr. Smith, " 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. Labour, therefore, is the real measure of the exchangeable value of all commodities....
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