Utility Then Is Not The Measure Of

Possessing Utility, Commodities Derive Their Exchangeable Value From Two Sources: From Their Scarcity, And From The Quantity Of Labour Required To Obtain Them.

Called An Inquiry Into The Laws Which Determine The Division Of The Produce.

Gold, On The Contrary, Though Of Little Use Compared With Air Or Water, Will Exchange For A Great Quantity Of Other Goods.

A Bounty On The Exportation Of Corn Tends To Lower Its Price To The Foreign Consumer, But It Has No Permanent Effect On Its Price In The Home Market.

Labour, Like All Other Things Which Are Purchased And Sold, And Which May Be Increased Or Diminished In Quantity, Has Its Natural And Its Market Price. The Natural Price Of Labour Is That Price Which Is Necessary To Enable The Labourers, On With Another, To Subsist And To Perpetuate Their Race, Without Either Increase Or Diminution.