The value of a commodity, or the quantity of any other commodity for which it will exchange, depends on the quantity of labour which it enables him to purchase or command.
Wealth of Nations, capitalism
The value of a commodity, or the quantity of any other commodity for which it will exchange, depends on the quantity of labour which it enables him to purchase or command.
Wealth of Nations, capitalism
Found in 1 providers: grok
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"The annual produce of the land and labour of the society, the real revenue of all its inhabitants."
Controversial"The real recompence of labour, the real quantity of the necessaries and conveniencies of life which it can procure to the labourer, has, during the course of the present century, increased in a still …"
Controversial"The man whose whole life is spent in performing a few simple operations, of which the effects too are, perhaps, always the same, or very nearly the same, has no occasion to exert his understanding, or…"
Humorous"The desire of food is not to be gratified in order to obtain wealth, but the desire of wealth in order to gratify the desire of food."
Humorous"The desire of building, and the love of distinction, are the passions which give the greatest encouragement to the fine arts."
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