He held that wealth is not an aggregation of exchange values , as Adam Smith had conceived it .
Daniel Raymond thought that the economy of England was actually the economy of the higher - ranking members of that society , and not the economy of the entire nation .
Daniel Raymond held that wealth is not an aggregation of exchange values , as Adam Smith had conceived it .
Daniel Raymond thought that the economy of England was actually the economy of the higher - ranking members of that society , and not the economy of the entire nation .