Adam Smith：The Wealth of Nations, Book I, Chapter VI, Paragraph 127

The real value of all the different component parts of price, it must be observed, is measured by the quantity of labour which they can, each of them, purchase or command. Labour measures the value, not only of that part of price which resolves itself into labour, but of that which resolves itself into rent, and of that which resolves itself into profit.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book I, Chapter VI, paragraph 127 · Verified：2026-10-19 · Verification：Exact match

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