The value of a commodity, or the quantity of any other commodity for which it will exchange, depends on the quantity of labour which it enables him to purchase or command.
Wealth of Nations, capitalism
The value of a commodity, or the quantity of any other commodity for which it will exchange, depends on the quantity of labour which it enables him to purchase or command.
Wealth of Nations, capitalism
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"The desire of food is not to be gratified in order to obtain wealth, but the desire of wealth in order to gratify the desire of food."
Humorous"The real recompence of labour, the real quantity of the necessaries and conveniencies of life which it can procure to the labourer, has, during the course of the present century, increased in a still …"
Controversial"Where there is a great deal of property, there is great inequality. For one very rich man, there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many."
Humorous"The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour whic…"
Humorous"The invisible hand is not a magical force, but a metaphor for the unintended social benefits of individual self-interested actions."
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