...to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command....exchangeable value of all commodities. The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble...

...to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command....exchangeable value of all commodities. / The real prjce^of every thing, what every thing really costs to the man who wants to acquire it, is \ the toil...

...quantity of labour which it can enable them to purchase or command : whence he infers, that labour is the real measure of the exchangeable value of all commodities." The earl of Landerdale opposes this doctrine. He maintains, that a perfect measure of value is impossible...

...himself, but to exchange it for other commodities, is equal to the quantity of labour which it will enable him to purchase or command. Labour therefore is the...measure of the exchangeable value of all commodities." Now in the passage just cited, although evidently intended to be a formal proof of the concluding passage,...

...passage just cited, although evidently intended to be a formal proof of the concluding passage, that " labour therefore is the real measure of the exchangeable value of all commodities," I am unable to discern wherein the validity of the argument consists; and if it were important, I might...

...to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command....exchangeable value of all commodities. " The real price of every thing, what every thing Eeai price, really costs to the man who wants to acquire it, is the toil...

...to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command....measure of the exchangeable value of all commodities. " Labour was the first price, the original purchasemoney that was paid for all things. It was not by...

...to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command....measure of the exchangeable value of all commodities. " But though labour be the measure of this value, it is not that by which their value is commonly estimated....

...to use or consume it himself, but to exchange It for other commodities, is equal to the quantity of labour which it enables him to purchase or command. Labour therefore, is the real measure of the exchange' able value of all commodities. The real price of every thing, what every thing really costs...

...to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command....measure of the exchangeable value of all commodities." f — I have sometimes thought that part of the obscurity in which Mr. Smith has involved this subject,...