 | James Maitland Earl of Lauderdale - 1996 - 184 páginas
...which he can afford to purchase.* The value of any commodity, therefore, to the person who possesses it and who means not to use or consume it himself, but...measure of the exchangeable value of all commodities.** * This is not just a commodity which may in the same market purchase a sack of Corn which has cost... | |
 | Friedrich Schleiermacher - 1998 - 1040 páginas
...(Vol I, Book I, Chap. V): „The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but to exchance it for other commodities, is equal to the quantity of labor which it enables him to purchase... | |
 | Adam Smith - 1982 - 582 páginas
...this way, Smith went on to argue that: The value of any commodity ... to the person who possesses it, and who means not to use or consume it himself, but...measure of the exchangeable value of all commodities. (WN , Iv1; 133.) Smith's meaning becomes clear when he remarks that the value of a stock of goods must... | |
 | 2000 - 326 páginas
...purchase. "The value of any Definition commodity, therefore, to the person who possesses it, of vallie' and who means not to use or consume it himself, but...measure of the exchangeable value of all commodities. '1 The real price of every thing, what every thing Real pri«. really costs to the man who wants to... | |
 | 2000 - 724 páginas
...in exchange of any commodity " is equal to the quantity of labour which it enables him [the owner] to purchase or command. Labour, therefore, is the real measure of the exchangeable value of all commodities."3 Here the idea obviously is that labor is the measure of value : what a thing is worth... | |
 | Steven Schroeder - 2000 - 164 páginas
...commodity. ..is equal to the quantity of labor which it enables [its owner] to purchase or command. Labor, therefore, is the real measure of the exchangeable value of all commodities. The real price of everything, what everything really costs to the man who wants to acquire it. is the toil and trouble... | |
 | Roger Backhouse - 2000 - 482 páginas
...it can be exchanged. So in Book I. chap, v., Smith begins by saying that the Value of any commodity is equal to the Quantity of Labour which it enables him to command or purchase. Hence, if / denotes labour, A = /, a/, 3/, 4/ . . . He then says in the next paragraph... | |
 | P. D. Anthony - 2001 - 354 páginas
...according to the quantity of that labour which he can command, or which he can afford to purchase . . . Labour, therefore, is the real measure of the exchangeable value of all commodities' (Smith 1828 : 38). In an ideal state of affairs the wages paid to labour would equal its product: 'In... | |
 | James Bowen, Margarita Bowen - 2011 - 746 páginas
...writes in his first paragraph, "the value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but...measure of the exchangeable value of all commodities." From this statement Smith is often assumed to have argued for a "labor theory of value." He does go... | |
 | Michel Foucault - 2002 - 452 páginas
...labour applied to its production: The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but...quantity of labour which it enables him to purchase or command.2 In fact, the difference between Smith's analyses and those of Turgot or Cantillon is less... | |
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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,... 
