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" Labor was the first price, the original purchase money that was paid for all things. "
T. R. Malthus: The Unpublished Papers in the Collection of Kanto Gakuen ... - Página 298
por T. R. Malthus - 2004
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Coming Reaction: A Brief Survey and Criticism of the Vices of Our Economic ...

Legislator - 1903 - 328 páginas
...really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. ... Labour was the first price, the original purchase money, that was paid for all things. . . . The quantities of labour necessary for acquiring different objects seem to be the only circumstance...
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Encyclopædia of Accounting, Volumen1

George Lisle - 1903
...which we exchange for what is supposed at the time to contain the value of an equal quantity. Labour was the first price, the original purchase money, that was paid for all things." The fundamental position of the classical doctrine of value is, it has been contended above, reached...
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The Economic Journal: The Quarterly Journal of the Royal Economic ..., Volumen13

1903
...it with all the necessaries and conveniences of life." Then again take the sentence : — " Labour was the first price, the original purchase money, that was paid for all things." And no writer has a keener appreciation of the humanity of labour. Adam Smith knew nothing of the economic...
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Socialism; a Summary and Interpretation of Socialist Principles

John Spargo - 1906 - 257 páginas
...exchange it for something else, is the toil and trouble which it can impose on other people. Labor was the first price, the original purchase money, that was paid for all things. ... If among a nation of hunters, for example, it usually costs twice the labor to kill a beaver which...
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Value and Distribution: A Critical and Constructive Study

Herbert Joseph Davenport - 1907 - 582 páginas
...explanation of the value relations between goods. But in chapter v the step is fully taken : Labor was the first price, the original purchase money that was paid for all things. It was .... by labor that all the wealth of the world was originally purchased; and its value to those .......
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Adam Smith and Modern Sociology: A Study in the Methodology of the Social ...

Albion W. Small - 1907 - 247 páginas
...blind. It glosses over the facts instead of exposing them.11 When Smith says, for instance, "Labour was the first price, the original purchase money that was paid for all things," 12 he overpersuades himself, more than he is aware, that the same is true in the same degree in all...
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History of Economic Thought: A Critical Account of the Origin and ...

Lewis H. Haney - 1911
...preceding quotations, cost is thought of as labor expenditure, — the cost of toil and trouble. " Labour was the first price, the original purchase money that was paid for all things. It was ... by labour, that all the wealth of the world was originally purchased." Next it is to be observed...
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Elements of Socialism

John Spargo, George Byron Louis Arner - 1912 - 2 páginas
...the toil and labor which it can save to himself, and which it can impose on other people. . . . Labor was the first price, the original purchase money, that was paid for all things. ... If among a nation of hunters, for example, it usually costs twice the labor to kill a beaver which...
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New Era Economics: Presenting a Rational Theory of Value

John Frederick Brown - 1918 - 184 páginas
...what we acquire by the toil of our own body. That money or those goods indeed save us this toil. Labor was the first price, the original purchase money that was paid for all things." (p. 26.) "Equal quantities of labor, at all times and at all places, may be said to be of equal value...
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The Quarterly Journal of Economics, Volumen33

Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe - 1919
...employer — effort applied for product promised, labor performed against products returned. " Labor was the first price, the original purchase money that was paid for all things " in the barter between man and nature, a relation of quid-pro-quo, in which relation, however, the...
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