"Cost the limit of price" was a maxim coined by Josiah Warren, indicating a (prescriptive) version of the labor theory of value. Warren maintained that...

A limit price (or limit pricing) is a price, or pricing strategy, where products are sold by a supplier at a price low enough to make it unprofitable for...

than the labor required to produce it. Warren summed up this policy in the phrase "Cost the limit of price," with "cost" referring to the amount of labor...

Cost-plus pricing is a pricing strategy by which the selling price of a product is determined by adding a specific fixed percentage (a "markup") to the...

to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing. In the single-price model, at the point...

"cost the limit of price" would promote increasing efficiency in an economy, as he explains in Equitable Commerce: If cost is made the limit of price,...

its currency and committed itself to an economy of equitable commerce, with cost as the limit of price. Utopia grew to about one hundred residents and...

Cost the limit of price was a maxim coined by Warren, indicating a (prescriptive) version of the labor theory of value. Warren maintained that the just...

plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition...

Cost the limit of price A maxim coined by individualist anarchist Josiah Warren (1798–1874) to express a normative conception of the labor theory of value—that...