 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
 | Franklin Monroe Sprague - 1892 - 528 pages
...exchangeable value of all commodities. . . . Labor was the first price paid, 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 in the world was originally purchased." i McCulloch says, " The cost or... | |
 | 1893 - 916 pages
...of the style in which the book is written. " 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 the mode by which the labor... | |
 | John Mackintosh - 1896 - 532 pages
...we acquire by the toil of our own body. . . . Labour is 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... | |
 | 1900 - 676 pages
...labour. 2) Labour was the first price, the original purchase money that was paid for all things. 1t was not by gold or by silver, but by labour, that...the wealth of the world was originally purchased. Wealth of Nations B. I, Ch. V, pag. 14. Es wird hier überall die von M'Culloch besorgte 5. Ausgabe... | |
 | Albert Conser Whitaker - 1904 - 240 pages
...the human cost of obtaining goods from the physical outer world. " Labour was the first price, the original purchase-money that was paid for all things....the wealth of the world was originally purchased." With this sort of natural or primary price Adam Smith's empirical chapter on " Natural and Market Price... | |
 | William Ramage Lawson - 1904 - 426 pages
...was the first price, the original purchasemoney that was paid for all things. // was not by gold and silver, but by labour, that all the wealth of the world was originally purchased. — Ibid. The value of any commodity is equal to the amount of labour which it enables him (the possessor)... | |
 | William Ramage Lawson - 1906 - 428 pages
...was the first price, the original purchasemoney that was paid for all things. // was not by gold and silver, but by labour, that all the wealth of the world was originally purchased. — Ibid. The value of any commodity is equal to the amount of labour which it enables him (the possessor)... | |
 | Herbert Joseph Davenport - 1907 - 618 pages
...consume it," is the nation better or worse off.1 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... | |
 | Lewis Henry Haney - 1911 - 598 pages
..." Labour was the first price, the original purchase money that was paid for all things. It was ... by labour, that all the wealth of the world was originally purchased." Next it is to be observed that Smith distinguishes between the causes of value in early society and... | |
 | Charles Wright Macara - 1919 - 366 pages
...remember the words of Adam Smith : " Labour was the first price, the original purchase money which was paid for all things. It was not by gold or by...the wealth of the world was originally purchased." Down to the year 1824 it was not lawful for men 28] • to collect together to decide what wages they... | |
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