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standard of value

NOUN
silver standard


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

We are sloppy about the standard by which we measure good and bad, our standard of value.

From Forbes • Jan. 29, 2015

Many leading environmental thinkers, including those who predict fossil fuel catastrophe, hold as their standard of value what they call “pristine” nature or wilderness—nature unaltered by man.

From Forbes • Jan. 29, 2015

“Its life is the standard of value directing its actions,” Rand wrote, “it acts automatically to further its life and cannot act for its own destruction.”

From Scientific American • Oct. 5, 2012

"Thus," he said, "over the whole area of the British Empire and over a very wide and important area of the world there has been established at once one uniform standard of value."

From Time Magazine Archive

The case illustrative of the commodity theory clearly brings out the fact that that theory rests on exclusive attention to the standard of value function of money.

From The Value of Money by Anderson, Benjamin M.