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" 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 172
1856
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Wealth of Nations

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...
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Liberation Theology Along the Potomac: Labor's Golden Rule in Early American ...

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."...
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An Inquiry Into the Nature and Causes of the Wealth of Nations

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,...
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The Real Price of Everything: Rediscovering the Six Classics of Economics

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...
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Encyclopaedia Britannica: Or, A Dictionary of Arts, Sciences, and ...

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...
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Bankers' Magazine, Journal of the Money Market and Commercial Digest, Volume 29

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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