Labour was the first price, the original purchasemoney that was paid for all things. It was not by gold or by silver, but by labour, that all the wealth of the world was originally purchased; and its value, to those who possess it, and who want to exchange... Blackwood's Edinburgh Magazine - Page 1721856Full view - About this book
 | Adam Smith - 2007 - 597 pages
...is supposed at the time to contain the value of an equal quantity. Labour was the first price, the original purchase-money that was paid for all things. It was not by gold or by silver, but by labcraf, that all the wealth of the world was originally purchased; 36 and its value, to those who... | |
 | Edward F. Terrar - 2011 - 480 pages
...of Nations (New York: Modern Library, [1776] 1937), p. 30, observed, 'labor was the first price, the original purchase-money that was paid for all things. It was not by gold or by silver, but by labor, that all the wealth of the world was originally purchased.' INTRODUCTION producers themselves."... | |
 | Adam Smith - 2007 - 513 pages
...firft price, the original purchafc-money that was paid for all things. It was not by gold OP by filver, but by labour, that all the wealth of the world was originally purchafed -, and its value, to thofe who poffefs it, and who want to exchange it for forne new productions,... | |
 | Michael Lewis - 2007 - 1476 pages
...time to contain the value of an equal quantity. Labor was the first price, the original purchase money that was paid for all things. It was not by gold or by silver, but by labor, that all the wealth of the world was originally purchased; and its value, to those who possess... | |
 | 1824 - 996 pages
...minister to his comforts and enjoyments. " Labour was the first price, the original purchase money that was paid for all things. It was not by gold or...the wealth of the world was originally purchased." — {Wealth of Na* lions, Vol. I. p. 44. 8vo edit.) If we observe the progress, and trace the history... | |
 | 1869 - 1262 pages
...by labour as much as what we acquire with the toil of our own body. Labour was the first price, the original purchase-money that was paid for all things....was not by gold or by silver, but by labour, that aU the wealth of the world was originally purchased, and its value is precisely equal to the quantity... | |
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