Adam Smith — "The value of any commodity, therefore, to the person who possesses it, and who m…"

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 — Adam Smith Early Modern · Wealth of Nations, capitalism

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The Wealth of Nations, Book I, Chapter V

Date: 1776

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