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" ... the final degree of utility. How can we vary this degree of utility? — By having more or less of the commodity to consume. And how shall we get more or less of it? — By spending more or less labour in obtaining a supply. According to this view,... "
The Academy - Сторінка 130
1872
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The Theory of Political Economy

William Stanley Jevons - 1879 - 434 стор.
...in obtaining a supply. According to this view, then, there are two steps between labour and value. Labour affects supply, and supply affects the degree...utility, which governs value, or the ratio of exchange. In order that there may be no possible mistake about this all-important series of relations, I will...
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Journal of the Institute of Bankers, Том 2

Institute of Bankers (Great Britain) - 1881 - 742 стор.
...obtaining a supply. According to this view, then, there are two steps between labour and value — labour affects supply, and supply affects the degree...utility which governs value or the ratio of exchange (pp. 158,159,160). Having thus repudiated the labour theory of value, Professor Jevons, a few pages...
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OUTLINE OF LECTURES UPON POLITICAL ECONOMY

HENRY CARTER ADAMS - 1881 - 182 стор.
...measure of value. Yet labor is in many cases the most important factor in determining value. "Labor affects supply, and supply affects the degree of utility, which governs value." Head Jevons, pp. 157-161. § 30. Prices are the expressions of value in money, and our further study...
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PRINCIPLES OF THE ECONOMIC PHILOSOPHY OF SOCIETY, GOVERNMENT AND INDUSTRY

VAN BUREN DENSLOW - 1888 - 826 стор.
...obtaining a supply. According to this view, then, there are two steps between labor and value. Labor affects supply, and supply affects the degree of utility which governs value, * I. e., the utility or degree of effective demand which an article hi Burner, ie, what return he will...
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Principles of the Economic Philosophy of Society, Government, and Industry ...

Van Buren Denslow - 1888 - 854 стор.
...obtaining a supply. According to this view, then, there are two steps between labor and value. Labor affects supply, and supply affects the degree of utility which governs value, */. e., the utility or degree of effective demand which an article has to its coneiimcr, i. «., what...
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On Revolutions and Progress in Economic Knowledge

T. W. Hutchison - 1978 - 378 стор.
...Jevons emphatically rejected in the much-quoted concluding paragraph of his chapter on the 'Theory of Exchange': But it is easy to go too far in considering...remembered that labour is itself of unequal value. Ricardo by a violent assumption, founded his theory of value on quantities of labour considered as...
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Pioneers of Modern Economics in Britain, Том 2

Denis Patrick O'Brien, John R. Presley - 1981 - 308 стор.
...involves disutility and the two are related by the process of exchange, in which values are established. 'Labour affects supply, and supply affects the degree of utility, which governs value, or the ratio of exchange.'13 After presenting a theory of labour, Jevons rounded off his book with two further chapters...
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Journal of the Institute of Bankers, Том 2

Institute of Bankers (Great Britain) - 1881 - 812 стор.
...obtaining a supply. According to this view, then, there are two steps between labour and value — labour affects supply, and supply affects the degree...utility which governs value or the ratio of exchange (pp. 158,159,160). Having thus repudiated the labour theory of value, Professor Jevons, a few pages...
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The Rise of the Marginal Utility School, 1870-1889

Richard S. Howey - 1989 - 308 стор.
...value with the prevailing views in England when, at the end of his chapter on exchange, he wrote that "labour affects supply, and supply affects the degree...utility, which governs value, or the ratio of exchange." 33 However conciliatory his exposition, he nonetheless stated his disapproval of the labor theory of...
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The Rise of the Marginal Utility School, 1870-1889

Richard S. Howey - 1989 - 316 стор.
...value with the prevailing views in England when, at the end of his chapter on exchange, he wrote that "labour affects supply, and supply affects the degree of utility, which governs value, or the ratio of exchange."33 However conciliatory his exposition, he nonetheless stated his disapproval of the labor...
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