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Adam Smith aggregate amount of commodities assumed bour Capital Fixed Capital cause of value cent Circulating Capital Fixed commodities produced compared consequence cost of production deer determine value dities duced duction durability economists employed exchangeable power exchangeable value fall of wages fixed and circulating gold increased invariable standard less M'Culloch Malthus modities money value obtain perfect standard Political Economy precious metals produced by circulating produced by fixed producing labour productiveness of labour Profit on Circulat Profit on ditto Profit on Fixed profits of stock proportions of fixed quantity of labour rate of profit Ricardo Rise of Wages rise or fall salmon shew standard of value suppose supposition Table Tear of fixed things tion Torrens Total ProductValue Total Value Value and Profits Value from Fixed value in exchange value of commodities value of money variation wages of labour Wages on Value Wear and Tear
Страница 2 - IN that early and rude state of society which precedes both the accumulation of stock and the appropriation of land, the proportion between the quantities of labour necessary for acquiring different objects seems to be the only circumstance which can afford any rule for exchanging them for one another.
Страница 54 - The estimation in which different qualities of labour are held comes soon to be adjusted in the market with sufficient precision for all practical purposes, and depends much on the comparative skill of the labourer and intensity of the labour periormed.
Страница 48 - ... the commodity is then sold for what may be called its natural price. The commodity is then sold precisely for what it is worth, or for what it really costs the person who brings it to market...
Страница 3 - In the same country double the quantity of labour may be required to produce a given quantity of food and necessaries at one time, that may be necessary at another, and a distant time; yet the labourer's reward may possibly be very little diminished.
Страница 67 - Suppose that in the early stages of society the bows and arrows of the hunter were of equal value with the implements of the fisherman. Under such circumstances the value of the deer, the produce of the hunter's day's labour, would be exactly' (italics mine) 'equal to the value of the fish, the product of the fisherman's day's labour.
Страница 123 - Wages are to be estimated by their real value, viz. by the quantity of labour and capital employed in producing them, and not by their nominal value, either in coats, hats, money, or corn.
Страница 6 - 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 other goods which the possession of that object conveys. The one may be called ' value in use;' the other, * value in exchange.
Страница 121 - But if wages partook not of the whole of this increase—if they, instead of being doubled, were only increased one-half; if rent, instead of being doubled, were only increased three-fourths, and the remaining increase went to profit, it would, I apprehend, be correct for me to say, that rent and wages had fallen while profits had risen...