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" The things which have the greatest value in use have frequently little or no value in exchange; and, on the contrary, those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water: but it... "
The Critical Review, Or, Annals of Literature - 557. oldal
1816
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Social Science Quotations: Who Said What, When, and Where

David L. Sills, Robert King Merton - 2000 - 466 oldal
...that object conveys. The one may be called "value in use"; the other, "value in exchange." The things which have the greatest value in use have frequently...more useful than water: but it will purchase scarce any thing; scarce any thing can be had in exchange for it. A diamond, on the contrary, has scarce any...
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Early Histories of Economic Thought, 1824-1914: History of economic thought

2000 - 724 oldal
...the latter is the power of purchasing goods, of which diamonds afford an illustration. " The things which have the greatest value in use have frequently...exchange have frequently little or no value in use." In this distinction Smith is in accord with the idea of valeur usuelle and valeur venale as held by...
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Investment Titans: Investment Insights from the Minds that Move Wall Street

Jonathan Burton - 2000 - 302 oldal
...that caught his attention, but rather how people value what comes easily and what does not. He said: "Nothing is more useful than water: but it will purchase scarce anything; scarce anything can be had in exchange for it. A diamond, on the contrary, has scarce any value in use; but...
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W.S. Jevons: Critical Responses, 3. kötet

Sandra Peart - 2003 - 296 oldal
...of the commodity. In a passage which will be familiar to most readers, Adam Smith says: "The things which have the greatest value in use have frequently...more useful than water; but it will purchase scarce any thing; scarce any thing can be had in exchange for it. A diamond, on the contrary, has scarce any...
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Economics As an Evolutionary Science: From Utility to Fitness

Arthur E. Gandolfi, Anna Sachko Gandolfi, David P. Barash - 302 oldal
...paradox. Smith and his followers made a distinction between value in use and value in exchange: The things which have the greatest value in use have frequently...exchange have frequently little or no value in use. (Smith, 1 976. pp.32-33) But this is merely a restatement of the problem, which it shoves onto the...
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Enhancing Your Business Value...the Climb to the Top

Mark Jordan - 2002 - 188 oldal
...his book, Wealth of Nations. Adam Smith made the following observation regarding value: "The things which have the greatest value in use have frequently...have the greatest value in exchange have frequently no value in use. Nothing is more useful than water but it will purchase scarcely anything; scarcely...
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Philosophical Dimensions of Public Policy

Verna V. Gehring, William Arthur Galston - 2002 - 366 oldal
...that object conveys. The one may be called "value in use"; the other, "value in exchange." The things which have the greatest value in use have frequently...more useful than water: but it will purchase scarce any thing; scarce any thing can be had in exchange for it. A diamond, on the contrary, has scarce any...
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Adam Smith: Selected Philosophical Writings

Adam Smith - 2004 - 260 oldal
...that object conveys. The one may be called 'value in use'; the other, 'value in exchange'. The things which have the greatest value in use have frequently...water: but it will purchase scarce anything; scarce anything can be had in exchange for it. A diamond, on the contrary, has scarce any value in use; but...
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John Elliot Cairnes: Collected Works, 5. kötet

John Elliott Cairnes - 2004 - 440 oldal
...of the commodity. In a passage which will be familiar to most readers, Adam Smith says: "The things which have the greatest value in use have frequently...more useful than water; but it will purchase scarce any thing; scarce any thing can be had in exchange for it. A diamond, on the contrary, has scarce any...
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Adam Smith's Moral Philosophy: A Historical and Contemporary Perspective on ...

Jerry Evensky - 2005 - 364 oldal
...addresses the distinction between value in use and value in exchange. Ironically, he notes, "[t]he things which have the greatest value in use have frequently...exchange have frequently little or no value in use" (WN, 44). For example "[n]othing is more useful than water" and yet it has very little value in exchange,...
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