Lower Quote by David Ricardo

The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but to…

— Adam Smith

“The values of commodities are directly as the times of labour employed in their production, and are inversely as the productive powers of the…

— Karl Marx

Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.

— David Ricardo

To alter the money value of commodities, by altering the value of money, and yet to raise the same money amount by taxes, is…

— David Ricardo

The values of commodities are directly as the times of labor employed in their production, and are inversely as the productive powers of the…

— Karl Marx

The market insures that any quantity of money is capable of performing all the work required of a medium of exchange by adjusting its…

— Joseph Salerno

In comparing therefore the value of the same commodity, at different periods of time, the consideration of the comparative skill and intensity of labour,…

— David Ricardo

“It is not in the power of governments to increase the supply of one commodity without a corresponding restriction in the supply of other…

— Ludwig von Mises

The annual produce of the land and labour of any nation can be increased in its value by no other means, but by increasing…

— Adam Smith

“[The] utility resulting from any small increase in wealth will be inversely proportionate to the quantity of goods previously possessed.”

— Peter L. Bernstein

A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases,…

— David Ricardo

The exchangeable value of all commodities rises as the difficulties of their production increase.

— David Ricardo