 | Adam Smith - Economics - 1809 - 372 pages
...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 in exchange.' The things which have the greatest... | |
 | Tobias Smollett - Books - 1817 - 680 pages
...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 oae may be called value in use ; the other* mote in exchange. Tbt • Sec a Review of this work ia... | |
 | 1819 - 552 pages
...has two different meanings, sometimes expressing the utility of some particular object, and sometimes the power of purchasing other goods, which the possession of that object conveys,' later writers on political economy have gone further, and traced all yalue to utility, using, however,... | |
 | Mrs. Marcet (Jane Haldimand) - Economics - 1820 - 368 pages
...two different meanings: it 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 in exchange. The things which have the greatest value... | |
 | David Ricardo - Economics - 1821 - 566 pages
...for a week's labour. Fallen, must the same Adam Smith say, " because the value of a thing depends on the power of purchasing other goods which the possession of that object conveys," and labour has a less power of purchasing such other goods. /•. '•' ' ! SECTION II. Labour of different... | |
 | Thomas Robert Malthus - Classical school of economics - 1827 - 322 pages
...commanding half of a." " The definition of Adam Smith, therefore, that the value of an object expresses the power of purchasing other goods which the possession of that object conveys, is substantially correct ; and as it is plain and intelligible, it may be taken as the basis of our... | |
 | Samuel Read - Economics - 1829 - 444 pages
...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 in exchange.' The things which have the greatest... | |
 | Charles Forster Cotterill - Value - 1831 - 160 pages
...for a week's labour. Fallen must the same A. Smith say, " because the value of a thing depends upon the power of purchasing other goods, which the possession of that object conveys," and labour has a less power of purchasing such other goods." After this very brief synoptical statement... | |
 | Agriculture - 1840 - 550 pages
...more meanings than one : " It 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 in exchange. The things which have the greatest value... | |
 | Thomas Robert Malthus - Economics - 1836 - 520 pages
...meaning attached to the term. The ex* Adam Smith defines the value of an object in exchange to be, " the power of purchasing other goods, which the possession of that object conveys." Book I. ch. iv. p. 42 ; 6th edit. changeable value of a commodity can only be proportioned to its general... | |
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The word VALUE, it is to be observed, 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... 
