 | James Maitland Earl of Lauderdale - Wealth - 1804 - 506 pages
...he compofed the B 4 following * The following extract, from Mr LAW'S Treatife on Money, publiftied in Scotland in 1705, feems to convey an accurate idea...be 100 ton, and the demand be for 500 ton, the de" ' ii.! ml is greater than the vent, and the 100 ton will fell " at a higher price than if the demand... | |
 | Sir Travers Twiss - Economics - 1847 - 356 pages
...value of goods was " according to their quantity, in proportion to their vent," on the ground that the vent of goods cannot be greater than the quantity, but the demand may be greater. Certainly Law's terminology is more precise, and carries us a step farther than Locke's; but Locke's... | |
 | Travers Twiss - Business & Economics - 1847 - 358 pages
...value of goods was " according to their quantity, in proportion to their vent," on the ground that the vent of goods cannot be greater than the quantity, but the demand may be greater. Certainly Law's terminology is more precise, and carries us a step farther than Locke's ; but Locke's... | |
 | Edwin Cannan - Business & Economics - 1964 - 480 pages
...be less valuable. " Mr. Lock says. The value of goods is according to their quantity in proportion to their vent. The vent of goods cannot be greater than the quantity, but the demand may be greater. (Ex.) If the quantity of wine brought from France be 100 tun and the demand be for 500 tun, the demand... | |
 | Antoin E. Murphy, Chūhei Sugiyama - Business & Economics - 1997 - 368 pages
...inconsistency here: Mr. Lock sayes, the value of goods is according to their quantity in proportion to their vent. The vent of goods cannot be greater than the quantity, but the demand may be greater: (Ex.) If the .quantity of wine brought from France to be a 100 tunn, and the demand be for 500 tunn,... | |
 | Antoin E. Murphy - Capitalists and financiers - 1997 - 428 pages
...substitute sales for vent then Law's criticism of Locke may be more clearly understood: 'The vent [sale] of goods cannot be greater than the quantity, but the demand may be greater.'28 Law implicitly understood that the equating of vent with demand was only appropriate in... | |
 | Economics - 2000 - 326 pages
...value of goods was " according to their quantity, in proportion to their vent," on the ground that the vent of goods cannot be greater than the quantity, but the demand may be greater. Certainly Law's terminology is more precise, and carries us a step further than Locke's ; but Locke's... | |
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... the prices of goods are not according to " the quantity in proportion to the vent, but in proportion 