 | Adam Smith - 1875 - 808 pages
...object conveys. The one may be called ' value in use ;' the other, ' value in exchange.' The things which have the greatest value in use have frequently...water : but it will purchase scarce anything ; scarce anything can be had in exchange for it A diamond, on the contrary, has scarce any value in use, but... | |
 | William Stanley Jevons - 1879 - 434 pages
...object conveys. The one may be called " value in use ; " the other " value in exchange." The things which have the greatest value in use have frequently...water : but it will purchase scarce anything; scarce anything can be had in exchange for it. A diamond, on the contrary, has scarce any value in use ; but... | |
 | Emile-Justin Menier - 1880 - 466 pages
...III., chapter I., section 2. ' value in exchange.' The things which have the greatest value in use have little or no value in exchange ; and, on the contrary,...those which have the greatest value in exchange have little or no value in use." ° Adam Smith's definition has but one inconvenience : it does not exist.... | |
 | Circulating capital - 1885 - 472 pages
...of that object conveys. The one may be called value in use ; the other value in exchange. The things which have the greatest value in -use, have frequently...those which have the greatest value in exchange have little or no value in use.' Water and air are abundantly useful ; they are indeed indispensable to... | |
 | David Ricardo, John Ramsay McCulloch - 1886 - 688 pages
...conveys. The one may be called value in use ; the other value in exchange. The things," he continues, " which have the greatest value in use, have frequently...those which have the greatest value in exchange, have little or no value in use." Water and air are abundantly useful ; they are indeed indispensable to... | |
 | Richard Burdon Haldane Haldane (Viscount) - 1887 - 182 pages
...in use," the other "value in exchange." The things which have the greatest value in use, often have little or no value in exchange ; and, on the contrary,...water ; but it will purchase scarce anything ; scarce anything can be had in exchange for it. A diamond, on the contrary, has scarce any value in use ; but... | |
 | Philip Henry Wicksteed - 1888 - 258 pages
...contrary, those which have the greatest valuc-in-exchange have frequently littlo or no vjiluc-in-use. Nothing is more useful than water ; but it will purchase scarce anything ; scarce anything can be had in exchange for it " (Adam Smith). Now that we know exchange-value to be measured... | |
 | Matteo Liberatore - 1891 - 342 pages
...object conveys. The one may be called ' Value in use ' ; the other ' Value in exchange." The things which have the greatest value in use have frequently...water ; but it will purchase scarce anything ; scarce anything can be had in exchange for it. A diamond, on the contrary, has scarcely any value in use ;... | |
 | George Gunton - 1891 - 492 pages
...use, and the other, value in exchange. The things which have the greatest value in use frequently have little or no value in exchange ; and, on the contrary,...exchange have frequently little or no value in use." ' It would be difficult to find a statement that is more misleading, or one which has been more generally... | |
 | GEORGE GUNTON - 1891 - 530 pages
...use, and the other, value in exchange. The things which have the greatest value in use frequently have little or no value in exchange ; and, on the contrary,...exchange have frequently little or no value in use." ' It would be difficult to find a statement that is more misleading, or one which has been more generally... | |
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The things which have the greatest value in use have frequently little or no value in exchange; and, on the contrary, those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water: but it... 
