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" The word VALUE, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys. The one may be called ' value... "
Quarters and Allowances at St. Elizabeths Hospital: Hearings, Seventieth ... - Page 15
by United States. Congress. House. Committee on Expenditures in the Executive Departments - 1929 - 244 pages
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An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 1

Adam Smith - Economics - 1809 - 372 pages
...goods. The word VALUE, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the...' value in use;' the other, * value in exchange.' The things which have the greatest value in use have frequently little or no value in exchange ; and...
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An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 1

Adam Smith - Economics - 1811 - 452 pages
...goods. The word VALUE, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the...possession of that object conveys. The one may be called 1 value in use ;' the other, ' value in exchange.' The things which have the greatest value in use...
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The Critical Review: Or, Annals of Literature, Volume 5

Tobias Smollett - Books - 1817 - 680 pages
...observed by Adam Smith, that ' the word Value has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the...goods which the possession of that object conveys. The oae may be called value in use ; the other* mote in exchange. Tbt • Sec a Review of this work ia...
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The Analectic Magazine...: Comprising Original Reviews, Biography ..., Volume 13

1819 - 552 pages
...although according to Adam Smith, ' the word value has two different meanings, sometimes expressing the utility of some particular object, and sometimes the...goods, which the possession of that object conveys,' later writers on political economy have gone further, and traced all yalue to utility, using, however,...
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Conversations on Political Economy: In which the Elements of that Science ...

Mrs. Marcet (Jane Haldimand) - Economics - 1820 - 368 pages
...says, " The word value, it is to be observed, has two different meanings: it sometimes expresses the utility of some particular object, and sometimes the...called value in use, the other value in exchange. The things which have the greatest value in use, nave frequently little or no value in exchange ; and,...
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On the Principles of Political Economy, and Taxation

David Ricardo - Classical school of economics - 1821 - 560 pages
...observed by Adam Smith, that " the word Value has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the...called value in use ; the other value in exchange. The things," he continues, " which have the greatest value in use, have frequently little or no value...
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Conversations on Political Economy: In which the Elements of that Science ...

Mrs. Marcet (Jane Haldimand) - Economics - 1821 - 510 pages
..." The word " value, it is to be observed, has two different " meanings ; it sometimes expresses the utility " of some particular object, and sometimes the " power of purchasing other goods which the pos" session of that object conveys. The one may be " called value in use, the other value in exchange....
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On the Principles of Political Economy, and Taxation

David Ricardo - Classical school of economics - 1821 - 566 pages
...for a week's labour. Fallen, must the same Adam Smith say, " because the value of a thing depends on the power of purchasing other goods which the possession of that object conveys," and labour has a less power of purchasing such other goods. /•. '•' ' ! SECTION II. Labour of different...
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Definitions in Political Economy: Preceded by an Inquiry Into the Rules ...

Thomas Robert Malthus - Classical school of economics - 1827 - 322 pages
...commanding half of a." " The definition of Adam Smith, therefore, that the value of an object expresses the power of purchasing other goods which the possession of that object conveys, is substantially correct ; and as it is plain and intelligible, it may be taken as the basis of our...
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Conversations on Political Economy: In which the Elements of that Science ...

Mrs. Marcet (Jane Haldimand) - Economics - 1828 - 348 pages
...says, "The word value, it is to be observed, has two different meanings : it sometimes expresses the utility of some particular object, and sometimes the...possession of that object conveys. The one may be called valve in use, the oiher value in exchange. The things which have ihe greatest value in use, have frequently...
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