 | Charles Jesse Bullock - 1905 - 398 pages
...between total and marginal utility, were puzzled by the fact that, as Adam Smith put it, " The things which have the greatest value in use have frequently little or no value in exchange." Smith observed : " Nothing is more useful than water ; but it will purchase scarce anything. ... A... | |
 | Frank Wilson Blackmar - 1907 - 456 pages
...that object conveys. The one may be called value in use and the other value in exchange. The things which have the greatest value in use have frequently little or no value in exchange; on the contrary, those which have the greatest value in exchange have little or no value in use. Nothing... | |
 | Frank Wilson Blackmar - 1907 - 564 pages
...that object conveys. The one may be called value in use and the other value in exchange. The things which have the greatest value in use have frequently little or no value in exchange; on the contrary, those which have the greatest value in exchange have little or no value in use. Nothing... | |
 | Richard Theodore Ely - 1908 - 746 pages
...serves its purpose." World's Work, June, 1906, p. 7597. 5. Comment on the following words of Adam Smith: "Nothing is more useful than 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... | |
 | Adam Smith - 1909 - 644 pages
...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...in exchange; and on the contrary, those which have die greatest value in exchange have frequently little or no value in use. Nothing is more useful than... | |
 | Richard Theodore Ely - 1910 - 730 pages
...serves its purpose." World's Work, June, 1906, p. 7597. 5. Comment on the following words of Adam Smith: "Nothing is more useful than 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... | |
 | Lewis Henry Haney - 1911 - 598 pages
...the latter is the power of purchasing goods, of which diamonds afford an illustration. " The things which (have the greatest value in use have frequently...exchange have frequently little or no value in use." In this distinction Smith is in accord with the idea of valeur usuelle and valeur vitiale as held by... | |
 | Richard Theodore Ely, Thomas Sewall Adams, Max Otto Lorenz, Allyn Abbott Young - 1916 - 812 pages
...serves its purpose." World's Work, June, 1006. 6. Comment on the following words of Adam Smith : " Nothing is more useful than 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... | |
 | Henry Rogers Seager - 1917 - 702 pages
...other by comparing the value of water with the value of a diamond. His exact words are: " 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... | |
 | David Ricardo - 1919 - 526 pages
...conveys. The one may be ealled value in use ; the other value in exchange. The things," he continues, " which have the greatest value in use, have frequently little or no value in exchange ; and, on the con- ' trary,. those which have the greatest value in exchange, have little or no value in use." '... | |
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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... 
