ABSTRACT

Our definition of Wealth, as comprehending all those things, and those things only which have Value, requires us to explain at some length the signification which we attribute to the word Value; especially as the meaning of that word has been the subject of long and eager controversy. We have already stated that we use the word Value in its popular acceptation, as signifying that quality in any thing which fits it to be given and received in Exchange; or, in other words, to be lent or sold, hired or purchased.