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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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An inquiry into the nature and causes of the wealth of nations. A careful ...

Adam Smith - 1875 - 808 pages
...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...wealth of the world was originally purchased ; and its value, to those who possess it, and who want to exchange it for some new productions, is precisely...
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Economic Studies

Walter Bagehot - 1880 - 236 pages
...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...wealth of the world was originally purchased; and its value, to those who possess it, and who want to exchange it for some new productions, is precisely...
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An Inquiry Into the Nature and Causes of the Wealth of Nations

Adam Smith - 1884 - 604 pages
...equal quantity. Lab-jur was the first price, the original purchasemoney that was paid for all tilings. It was not by gold or by silver, but by labour, that all the wealth of the world was originally purctuutcd ; and its value, to those who possess it, and who want to exchange it for some new ┬╗reductions...
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The Historical Basis of Modern Europe (1760-1815): An Introductory Study to ...

Archibald Weir - 1886 - 644 pages
...the real measure of the exchangeable value of all commodities." ..." Labour was the first price, the original purchase-money, that was paid for all things. It was not by gold or silver, but by labour, that all the wealth of the world was originally purchased ; and its value to...
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The Politics of Labor

Thomas Phillips Thompson - 1887 - 226 pages
...what is supposed at the 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 silver, but by labor that all the wealth of the world was originally purchased, and its value to those...
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Philosophy and Religion: A Series of Addresses, Essays and Sermons Designed ...

Augustus Hopkins Strong - 1888 - 676 pages
...clearly stated than in the first great text-book of political economy: "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." Labor gives worth to all things...
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The Ten Commandments

George Dana Boardman - 1889 - 396 pages
...what is supposed at the 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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The Works of Walter Bagehot ..., Volume 5

Walter Bagehot - 1891 - 726 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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Labor and Capital: Containing an Account of the Various Organizations of ...

Emory Adams Allen - 1891 - 558 pages
...what we acquire by the toil of our own body. 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. Labor, therefore is the real measure...
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Free Exchange: Papers on Political and Economical Subjects Including ...

Louis Mallet - 1891 - 398 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 silver, but by labour, that all the wealth of the world was originally purchased ; and its value to...
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