The World of Business, Volume 4Edward C. Bursk |
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Page 1997
... labor has been embodied or materialized in it . How are we to measure this value ? In terms of the quantity of " value- creating " substance it contains the quantity of labor . This is itself measured by its duration ; and labor time ...
... labor has been embodied or materialized in it . How are we to measure this value ? In terms of the quantity of " value- creating " substance it contains the quantity of labor . This is itself measured by its duration ; and labor time ...
Page 2002
... labor . Experience shows that skilled labor can always be re- duced in this way to the terms of simple labor . No matter that a commodity be the product of the most highly skilled labor , its value can be equated with that of the ...
... labor . Experience shows that skilled labor can always be re- duced in this way to the terms of simple labor . No matter that a commodity be the product of the most highly skilled labor , its value can be equated with that of the ...
Page 2003
... labor needed to produce a coat ) remains unchanged , the total magnitude of the values of a number of coats will increase as their number increases . If one coat represents the labor of x days , two coats will represent the labor of 2 x ...
... labor needed to produce a coat ) remains unchanged , the total magnitude of the values of a number of coats will increase as their number increases . If one coat represents the labor of x days , two coats will represent the labor of 2 x ...
Contents
A Probe of the Art of WealthGetting | 1944 |
A Follower of Confucius Anticipates the Law of Supply | 1953 |
Breaking the Bonds of Tradition | 1973 |
Copyright | |
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Adam Smith American asked become better Bohermeen businessman called capital cent century CHREMYLUS civilization commerce commodities competition corporation course creative deakin economic economy of abundance employees Engine enterprise exchange exchange-value executive fact give hand Harvard Business Review Harvard Business School hoss human important increase individual industry interest Karl Marx kind labor labor power land Lawd legislation living looked manufacture Mary Parker Follett means Mencius ment merchant mind moral nature never Ohmann operation organization Paul Bunyan perhaps Pharaoh political Poor Richard says practical problem production profit purpose question religion rich sell sense skyhooks social society standard Standard Oil things thought tion tractor trade United use-value usury Wa'al wages wealth Wickersham words workers