...been observed by Adam Smith, that " the word Value has two different meanings, and sometimes expresses the utility of some particular object, and sometimes...possession of that object conveys. The one may be called vahie in use ; the other value in exchange. The things," he continues, " which have the greatest value...

...been observed by Adam Smith, that " the word Value has two different meanings, and sometimes expresses the utility of some particular object, and sometimes...possession of that object conveys. The one may be ealled value in use ; the other value in exchange. The things," he continues, " which have the greatest...

...Adam Smith's own words : " The word VALUE . . . has two different meanings, and sometimes expresses the utility of some particular object, and sometimes...exchange.' 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...

...observed has two different meanings, and sometimes expresses the utility of some particular objet, and sometimes the power of purchasing other goods which the possession of that objet conveys. The one may be called value in use ; the other value in exchange (1). Telle était la...

...passage : " The word Value, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes...exchange.' 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...

...Wealth of Nations, Adam Smith wrote: "The word value has two different meanings, and sometimes expresses the utility of some particular object, and sometimes...'value in use'; the other 'value in exchange.' " * "The word value," says Mill, "when used without adjunct, always means, in political economy, value in exchange."...

...Wealth of Nations, Adam Smith wrote: "The word value has two different meanings, and sometimes expresses the utility of some particular object, and sometimes...called 'value in use'; the other 'value in exchange.' " 3 " Book I, Ch. IV. "The word value," says Mill, "when used without adjunct, always means, in political...

...Smith wrote: "The word value, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing goods which the possession of the object conveys. The one may be called 'value in use'; the other 'value...

...purchasing other goods. " The word value it is observed has two different meanings and sometimes expresses utility of some particular object, and sometimes the...called value in use, the other value in exchange. (Wealth of Nations, Ch. 4.) " By these definitions value has two meanings, but later writers, straining...

...purchasing other goods. " The word value it is observed has two different meanings and sometimes expresses utility of some particular object, and sometimes the...called value in use, the other value in exchange. (Wealth of Nations, eh. 4.) " By these definitions value has two meanings, but later writers, straining...