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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,... "
Principles of Social and Political Economy, Or, The Laws of the Creation and ... - 142 ページ
William Atkinson 著 - 1858 - 645 ページ
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Paternalism Incorporated: Fables of American Fatherhood, 1865-1940

David Leverenz - 2004 - 276 ページ
...of Nations, ed. Edwin Cannan (New York: Modern Library, 1937, ist pub. 1776), Adam Smith writes that "Labour, therefore, is the real measure of the exchangeable value of all commodities. The real price of every thing ... is the toil and trouble of acquiring it" (30). Money's value derives...

Marx's Labor Theory of Value: A Defense

Hayashi Hiroyoshi - 2005 - 420 ページ
...labour "which he can command, or which he can afford to purchase. The value of any commodity, therefore, to the person who possesses it, and "who means not...measure of the exchangeable value of all commodities. Here Smith speaks for the first time of the value of a commodity, but he reveals a tendency to adopt...

The Wealth of Ideas: A History of Economic Thought

Alessandro Roncaglia - 2006 - 596 ページ
...labour which he can command, or which he can afford to purchase. The value of any commodity, therefore, to the person who possesses it, and who means not...the real measure of the exchangeable value of all commodities.40 We may note that in the passage quoted above Smith does not intend to point out the...

Discussing Economics: A Classroom Guide to Preparing Discussion Questions ...

Michael K. Salemi, W. Lee Hansen - 2005 - 344 ページ
...each and the significance of Smith's use of 'value' and 'price'? a. "The value of any commodity... is equal to the quantity of labour which it enables...measure of the exchangeable value of all commodities'. b. 'The commodity is then sold for precisely what it is worth or what it really costs to the person...

Explorations in Classical Sociological Theory: Seeing the Social World

Kenneth Allan - 2005 - 450 ページ
...source of exchange-value? Smith argues, and Marx agrees, that the substance of all value is human labor: "Labour, therefore, is the real measure of the exchangeable value of all commodities" (Smith, 1776/1937, p. 30). There is labor involved in the book, the fish, the shoes, the potatoes,...

Pricing on Purpose: Creating and Capturing Value

Ronald J. Baker - 2010 - 402 ページ
...measure of the exchangeable value of commodities" (ibid.: 68). The value of any commodity, therefore, to the person who possesses it, and who means not...measure of the exchangeable value of all commodities (ibid.: 72). Smith here is identifying two separate forms of value — "value in use" and a "value...

The Service-dominant Logic of Marketing: Dialog, Debate, and Directions

Robert F. Lusch, Stephen L. Vargo - 2006 - 478 ページ
...labor which he can command or which he can afford to purchase. The value of any commodity, therefore, to the person who possesses it, and who means not...command. Labour, therefore, is the real measure of the exchange value of all commodities [emphasis added]. Compare this with our first two foundational premises,...

The Science of Political Economy

Henry George - 2006 - 453 ページ
...labour which he can command, or 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, bat to exchange it for other commodities, is equal to the quantity of labour which it enables him to...

Schulökonomik

Hans-Joachim Stadermann, Otto Steiger - 2006 - 416 ページ
...V, S. 30. „The value of any commodity, therefore, to the person who possess it, and who means ... to exchange it for other commodities is equal to the quantity of labour, which enables him to purchase or command. Labour, therefore, is the real measure of the exchangeable value...

Management by Baseball: The Official Rules for Winning Managemen

Jeff Angus - 2009 - 276 ページ
...scorecard showing what wins and what loses, and how and why. Scouting & Signing Your Players: Hiring Labor, therefore, is the real measure of the exchangeable value of all commodities. — Adam Smith The First Step Is the Most Important Step — the Unrivaled Importance of Hiring No...




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