 | John Guillory - 1993 - 422 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...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... | |
 | John Cunningham Wood - 1993 - 664 pages
...Chapter4) that "utility" or "value-in-use" is not a necessary ingredient of exchange value, since things "which have the greatest value in exchange have frequently little or no value in use" (or "utility"), eg , diamonds.7 (b) Whereas Carmichael and Hutcheson by "use" or "usefulness" meant... | |
 | Max L. Stackhouse, Dennis P. McCann, Preston N. Williams, Shirley J. Roels - 1995 - 1002 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...more useful than water: but it will purchase scarce any thing; scarce any thing can be had in exchange for it. A diamond, on the contrary, has scarce any... | |
 | R. H. Coase - 1994 - 234 pages
...in which Smith discusses the distinction between "value in use" and "value in exchange": The things which have the greatest value in use have frequently...more useful than water: but it will purchase scarce any thing. . . .A diamond, on the contrary, has scarce any value in use; but a very great quantity... | |
 | Jeffrey R. Young - 1997 - 122 pages
...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...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... | |
 | Margaret Russett - 1997 - 318 pages
...goods." "The things which have the greatest value in use," Smith observes in The Wealth of Nations, have frequently little or no value in exchange; and,...exchange have frequently little or no value In use. Noth1ng 1s more useful than water: but it w1ll purchase scarce any thing; scarce any thing can be had... | |
 | Laurier Turgeon, Jocelyn Létourneau, Khadiyatoulah Fall - 1997 - 346 pages
...«paradoxe de la valeur22» : « The things which have the greatest value in use have frequently Unie or no value in exchange; and, on the contrary, those...have the greatest value in exchange have frequently Unie or no value in use,23» La distinction entre la valeur d'usage et la valeur d'échange permet... | |
 | J. R. Martin, Robert Veel - 1998 - 384 pages
...conveys)]. 2) The one may be called 'value [in use] '; the other, 'value [in exchange] '. 3) The things [which have the greatest value (in use) ] have frequently...exchange)) have frequently little or no value [in use]. 4) Nothing is more useful than water: but it will purchase scarce anything: scarce anything can be... | |
 | John O'Neill - 1998 - 246 pages
...of an object from its use value. Using the examples of water and diamonds, Smith notes: 'The things which have the greatest value in use have frequently...or no value in exchange; and on the contrary, those things which have the greatest value in exchange have frequently little or no value in use'. 34 The... | |
 | Adam Smith - 1982 - 582 pages
...of Smith's argument become apparent in his handling of the famous paradox, namely that: The things which have the greatest value in use have frequently...use. Nothing is more useful than water: but it will scarce purchase anything. A diamond, on the contrary, has scarce any value in use; but a very great... | |
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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... 
