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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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The Wealth of Ideas: A History of Economic Thought

Alessandro Roncaglia - 2006 - 596 páginas
...that concerning value in use and value in exchange. This distinction is perfectly clear in Adam Smith: which have the greatest value in exchange have frequently...more useful than water: but it will purchase scarce any thing; scarce any thing can be had in exchange for it. A diamond, on the contrary, has scarce any...
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Principles of Political Economy and Taxation

David Ricardo - 2005 - 372 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...in exchange; and, on the contrary, those which have greatest value in exchange, have little or no value in use." Water and air are abundantly useful; they...
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The Science of Political Economy

Henry George - 2006 - 453 páginas
...object conveys. The one may be called " value in use " ; the other, " vatae in exchange." The things which have the greatest value in use have frequently...and, on the contrary, those which have the greatest vatae in exchange have frequently little or no value in use. Nothing is more useful than water ; but...
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Schulökonomik

Hans-Joachim Stadermann, Otto Steiger - 2006 - 416 páginas
...herausgegeben von E. Cannan, New York: Modern Library, 1937, Buch I, Kapitel IV, S. 28. „The things which have the greatest value in use have frequently...little or no value in exchange; and on the contrary, the things which have the greatest value in exchange have frequently little or no value in use." 10...
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Economic philosophy

Joan Robinson - 162 páginas
...exchange; and, on die contrary, those which have die greatest value in exchange have frequently litde or no value in use. Nothing is more useful than 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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Pricing on Purpose: Creating and Capturing Value

Ronald J. Baker - 2010 - 402 páginas
...so-called "diamond-water paradox," which Smith explained in Chapter 4 of Book I of Wealth of Nations: "Nothing is more useful than water: but it will purchase scarce anything. ... A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods...
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Wildlife Science: Linking Ecological Theory and Management Applications

Timothy E. Fulbright, David G. Hewitt - 2007 - 384 páginas
...capitalistic economies published in 1776, The Wealth of Nations, Adam Smith wrote (Smith 1937): 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; but a very...
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Washing the Brain: Metaphor and Hidden Ideology

Andrew Goatly - 2007 - 464 páginas
...in money terms quite often ignores use value and simply concentrates on exchange value: 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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Public Values and Public Interest: Counterbalancing Economic Individualism

Barry Bozeman - 2007 - 228 páginas
...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...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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Mirage: Florida and the Vanishing Water of the Eastern U.S.

Cynthia Barnett - 2007 - 260 páginas
...argued over by economists. It is called the Water-Diamond Paradox. Smith put it this way: "The things which have the greatest value in use have frequently...more useful than water: but it will purchase scarce any thing; scarce any thing can be had in exchange for it. A diamond, on the contrary, has scarce any...
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