 | John Joseph Lalor - Economics - 1884 - 1254 pages
...the demand of those who are willing to pay the natural price of the commodity. * * The natural price is, as it were, the central price, to which the prices of all commodities arc continually gravitating. * * Whatever may be the obstacles which hinder them from settling in this... | |
 | Charles Francis Bastable - Commerce - 1887 - 262 pages
...where reference is made to "the most approved writer! On Political Economy." — Works, p. 263. * ' ' The natural price, therefore, is, aS it were, the...of all commodities are continually gravitating."— Wealth of Nations, p. 24 a. unstable. An easier but less satisfactory line of proof is suggested by... | |
 | John Joseph Lalor - 1893 - 1154 pages
...the demand of those who are willing to pay the natural price of the commodity. * * The natural price is, as it were, the central price, to which the prices of all commodities are continually gravitating. * * Whatever may be the obstacles which linder them from settling'in this centre of repose and continuance,... | |
 | Herbert Joseph Davenport - Economics - 1907 - 618 pages
...the same argument is applied in reverse order to higher prices. Smith proceeds : "The natural price is, as it were, the central price, to which the prices of all commodities are naturally gravitating." However, Smith's ideas as to the relation of rent to cost and to price were... | |
 | Joseph Shield Nicholson - Great Britain - 1909 - 328 pages
...the fundamental principles of the Wealth of Nations. First, the theory of natural and market values: "The natural price, therefore, is as it were the central price to which the [market] prices of all commodities are continually gravitating. . . . But whatever may be the obstacles... | |
 | Joseph Shield Nicholson - Great Britain - 1909 - 324 pages
...the fundamental principles of the Wealth of Nations. First, the theory of natural and market values: "The natural price, therefore, is as it were the central price to which the [market] prices of all commodities are continually gravitating. . . . But whatever may be the obstacles... | |
 | Arthur Jerome Eddy - Competition - 1912 - 398 pages
...naturally comes to be either exactly, or as nearly as can be judged of, the same with the natural price. "The natural price, therefore, is, as it were, the...obstacles which hinder them from settling in this center of repose and its continuance, they are eventually tending towards it."1 III Adam Smith's definition... | |
 | Karl Marx - 1913 - 134 pages
...continual, but as Adam Smith says: " The natural price is the central price to which the prices of commodities are continually gravitating. Different...obstacles which hinder them from settling in this center of repose and continuance they are constantly tending towards it." I cannot now sift this matter.... | |
 | Homer Blosser Reed - Business ethics - 1916 - 164 pages
...parts of the price will soon sink to their natural rate, and the whole price to its natural price. "The natural price, therefore, is as it were, the...them suspended a good deal above it, and sometimes even force them down below it. But whatever may be the obstacles which hinder them from settling in... | |
 | Thames Williamson - Economics - 1923 - 568 pages
...price will soon sink to their [normal] rate and the whole price to its [normal] price. The [normal] price, therefore, is, as it were, the central price...obstacles which hinder them from settling in this center of repose and continuance, they are constantly tending toward it. ... Questions on the foregoing... | |
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The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating. Different accidents may sometimes keep them suspended a good deal above it, and sometimes force them down even somewhat... 
