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it is a recognized characteristic of money as a store of wealth that it is barren; whereas practically every other form of storing wealth yields some interest or profit. Why should anyone outside a lunatic asylum wish to use money as a store of wealth? - Page 7
that the facts of the existing situation enter, in a sense disproportionately, into the formation of our long-term expectations; our usual practice being to take the existing situation and to project it into the future, modified only to the extent that we have more or less definite reasons for expecting a change'. - Page 422
Utility then is not the measure of exchangeable value, although it is absolutely essential to it. If a commodity were in no way useful — in other words, if it could in no way contribute to our gratification — it would be destitute of exchangeable value, however scarce it might be, or whatever quantity of labour might be necessary to procure it (Ricardo, - Page 365
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that the facts of the existing situation enter, in a sense disproportionately, into the formation of our long-term expectations; our usual practice being to take the existing situation and to project it into the future, modified only to the extent that we have more or less definite reasons for expecting a change'. - Page 422
Utility then is not the measure of exchangeable value, although it is absolutely essential to it. If a commodity were in no way useful — in other words, if it could in no way contribute to our gratification — it would be destitute of exchangeable value, however scarce it might be, or whatever quantity of labour might be necessary to procure it (Ricardo, - Page 365
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