Value denotes a relation reciprocally existing between two objects, and the precise relation which it denotes is the quantity of the one which can be obtained in exchange for a given quantity of the other.
More Quotes from Nassau William Senior:
That the powers of labour, and of the other instruments which produce wealth, may be indefinitely increased by using their products as the means of further production.Nassau William Senior
No one blames a writer upon tactics for confining his attention to military affairs, or, from his doing so, infers that he recommends perpetual war.
Nassau William Senior
That, agricultural skill remaining the same, additional labour employed on the land within a given district, produces a less proportionate return.
Nassau William Senior
The confounding Political Economy with the Sciences and Arts to which it is subservient, has been one of the principal obstacles to its improvement.
Nassau William Senior
With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue.
Nassau William Senior
Thus, in ordinary language, the word Capital is sometimes used as comprehending every species of Wealth, and sometimes as confined to Money.
Nassau William Senior
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Based on Topics: Quantity Quotes, Value QuotesBased on Keywords: denotes, reciprocally
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