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" The things which have the greatest value in use have frequently little or no value in exchange; and, on the contrary, those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water: but it... "
The Critical Review, Or, Annals of Literature - Página 557
1816
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An inquiry into the nature and causes of the wealth of nations. A careful ...

Adam Smith - 1875 - 808 páginas
...object conveys. The one may be called ' value in use ;' the other, ' value in exchange.' The things which have the greatest value in use have frequently...water : but it will purchase scarce anything ; scarce anything can be had in exchange for it A diamond, on the contrary, has scarce any value in use, but...
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The Theory of Political Economy

William Stanley Jevons - 1879 - 434 páginas
...object conveys. The one may be called " value in use ; " the other " value in exchange." The things which have the greatest value in use have frequently...water : but it will purchase scarce anything; scarce anything can be had in exchange for it. A diamond, on the contrary, has scarce any value in use ; but...
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A Treatise on the Taxation of Fixed Capital

Emile-Justin Menier - 1880 - 466 páginas
...III., chapter I., section 2. ' value in exchange.' The things which have the greatest value in use have little or no value in exchange ; and, on the contrary,...those which have the greatest value in exchange have little or no value in use." ° Adam Smith's definition has but one inconvenience : it does not exist....
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Circulating Capital: An Enquiry Into the Fundamental Laws of Money

Circulating capital - 1885 - 472 páginas
...of that object conveys. The one may be called value in use ; the other value in exchange. The things which have the greatest value in -use, have frequently...those which have the greatest value in exchange have little or no value in use.' Water and air are abundantly useful ; they are indeed indispensable to...
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The Works of David Ricardo

David Ricardo, John Ramsay McCulloch - 1886 - 688 páginas
...conveys. The one may be called value in use ; the other value in exchange. The things," he continues, " which have the greatest value in use, have frequently...those which have the greatest value in exchange, have little or no value in use." Water and air are abundantly useful ; they are indeed indispensable to...
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Life of Adam Smith

Richard Burdon Haldane Haldane (Viscount) - 1887 - 182 páginas
...in use," the other "value in exchange." The things which have the greatest value in use, often have little or no value in exchange ; and, on the contrary,...water ; but it will purchase scarce anything ; scarce anything can be had in exchange for it. A diamond, on the contrary, has scarce any value in use ; but...
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The Alphabet of Economic Science, Parte1

Philip Henry Wicksteed - 1888 - 258 páginas
...contrary, those which have the greatest valuc-in-exchange have frequently littlo or no vjiluc-in-use. Nothing is more useful than water ; but it will purchase scarce anything ; scarce anything can be had in exchange for it " (Adam Smith). Now that we know exchange-value to be measured...
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Principles of Political Economy

Matteo Liberatore - 1891 - 342 páginas
...object conveys. The one may be called ' Value in use ' ; the other ' Value in exchange." The things which have the greatest value in use have frequently...water ; but it will purchase scarce anything ; scarce anything can be had in exchange for it. A diamond, on the contrary, has scarcely any value in use ;...
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Principles of Social Economics: Inductively Considered and Practically ...

George Gunton - 1891 - 492 páginas
...use, and the other, value in exchange. The things which have the greatest value in use frequently have little or no value in exchange ; and, on the contrary,...exchange have frequently little or no value in use." ' It would be difficult to find a statement that is more misleading, or one which has been more generally...
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SOCIAL ECONOMICS

GEORGE GUNTON - 1891 - 530 páginas
...use, and the other, value in exchange. The things which have the greatest value in use frequently have little or no value in exchange ; and, on the contrary,...exchange have frequently little or no value in use." ' It would be difficult to find a statement that is more misleading, or one which has been more generally...
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