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 which it enables him to purchase or command.
— Adam Smith Early Modern

Wealth of Nations, capitalism

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Details

Context

The Wealth of Nations, Book I, Chapter V

Date / Period

1776

Category

Humorous

Source

https://www.gutenberg.org/files/3300/3300-h/3300-h.htm

Verification

Unverifiable

Explanation

Found in 1 providers: grok

Method

Cross Reference

Sources Checked

1 source

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