Adam Smith — "Labour alone, therefore, never varying in its own value, is alone the ultimate a…"

Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. It is their real price; money is their nominal price only.
Adam Smith — Adam Smith Early Modern · Wealth of Nations, capitalism

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The Wealth of Nations, Book I, Chapter V

Date: 1776

Work & Money

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