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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T. R. Malthus: The Unpublished Papers in the Collection of Kanto Gakuen ...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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The Quarterly Journal of Economics, Volumen33

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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The Quarterly Journal of Economics, Volumen33

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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Adam Smith, politische Philosophie und politische Ökonomie

Manfred Trapp - 1987 - 364 páginas
...quantity. Labour was the first price, the original purchase-money that was paidfor all things. It is not by gold or by silver, but by labour, that all the wealih ofthe world was originally purchased, and its value, to those who possess it and who want to...
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Principles of Political Economy, Volumen1

Thomas Robert Malthus - 1989 - 507 páginas
...author of the Inquiry into the Wealth of Nations, and became a convert to the doctrine, that as "Labour was the first price, the original purchase money that was paid for all things,"* the value of every thing must be greater or less in proportion "as it is worth more or less of this...
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Lauderdale's Notes on Adam Smith's Wealth of Nations

James Maitland Lauderdale, James Maitland Earl of Lauderdale, James Maitland, Adam Smith - 1996 - 168 páginas
...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. lt was not by gold or by silver, but by labour, that all the wealth of the world was originally purchased;***...
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Karl Marx, Volumen1

Roberto Marchionatti - 1998 - 368 páginas
...propositions can win acceptance. Let us see what Adam Smith, and after him, Ricardo, says further. "Labour was the first price - the original purchase money that was paid for all things." This proposition is comparatively inoffensive, but it has no bearing on the principle of value. In...
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The Psychology of Economics

Walter A. Weisskopf - 1955 - 266 páginas
...capital accumulation. It is this type of labour which he has in mind when he talks about labour 'being the first price, the original purchase money that was paid for all things.' Productive labour enters into the commodity, restores the value of the wages which are paid to the...
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Early Histories of Economic Thought, 1824-1914: History of economic thought

2000 - 677 páginas
...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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History of Economic Thought: A Critical Perspective

E. K. Hunt - 2002 - 543 páginas
...sentences from Adam Smith: 'The real price of everything ... is the toil and trouble of acquiring it Labour was the first price — the original purchase money that was paid for all things."23 Natural resources, then, were the objects that labor transformed in production. But they...
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Property and Prophets: The Evolution of Economic Institutions and Ideologies

E. K. Hunt - 2002
...from Adam Smith: "The real price of everything ... is the toil and trouble of acquiring it. ... Labour was the first price — the original purchase — money that was paid for all things" (Ricardo 1962, p. 6). production. Capital was merely so many products of human labor, which represented...
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