...obferves, that in the early and rude ftate of fociety, which precedes both the accumulation of ftock, and the appropriation of land, the proportion between the quantities of labour neceflary for acquiring different1 objects, feems to be the only circumftance which can afford any...

...Commodities. IN that early and rude ftate of fociety which precedes both the accumulation of ftock and the appropriation of land, the proportion between the quantities of labour necefTary for acquiring different objects feems to be the only circumilance which can afford any rule...

...without falling into errors. Dr Smith was of opinion, that, in that early and rude state of •ociety, which precedes both the accumulation of stock, and...Labour necessary for acquiring different objects, was the only circumstance which could afford any rule tor exchanging them for one another. ' If, among...

...the same quantity of pure silver. CHAP. VI. Of the component Parts of the Price of Commodities. IN that early and rude state of society which precedes...afford any rule for exchanging them for one another. If among a nation of hunters, for example, it usually costs twice the labour to kill a beaver which...

...Commodities. IN that early and rude ftate of fociety which precedes both the accumulation of ftock and the appropriation of land, the proportion between the quantities of labour necefTary for acquiring different objects feems to be the only circumftance which can afford any rule...

...Commodities. IN that early and rude flate of fociety which precedes both the accumulation of ftock and the appropriation of land, the proportion between the quantities of labour neceflary for acquiring different objects feems to be the only circumftance which can afford any rule...

...impossible to advance a single step without falling into errors. Dr Smith was of opinion, that, in that early and rude state of society, which precedes...Labour necessary for acquiring different objects, was the only circumstance which could afford any rule for exchanging them for one another. ' Itj among...

...proceed, as from the vague ideas which arc attached to the word " value." Dr Smith says, * that " in that rude state of society which precedes both the accumulation...stock, and the appropriation of land, the proportion of labour necessary for acquiring different objects, sctms to be the only circumstance which can afford...

...branches of the science must be conducted on erroneous principles. Dr Smith was of opinion, that, in that early and rude state of society which precedes...of labour necessary for acquiring different objects was the only circumstance which could afford any rule for exchanging them with each other. But Dr Smith,...

...Labour was the first price — the original purchase-money that was paid for all things." Again, " in that early and rude state of society, which precedes...afford any rule for exchanging them for one another. If among a nation of hunters, for example, it usually cost twice the labour to kill a beaver which...