Commodity Quote by Karl Marx

“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

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

A commodity has a value because it is a crystallization of social labor. The greatness of its value, or its relative value, depends upon…

— 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

If the quantity of labour realized in commodities, regulate their exchangeable value, every increase of the quantity of labour must augment the value of…

— David Ricardo

Value is the life-giving power of anything; cost, the quantity of labour required to produce it; its price, the quantity of labourwhich its possessor…

— John Ruskin

The object of the law of value is to elucidate the actual exchange relations of commodities.

— Rudolf Hiferding

Value manifests itself as exchange value, as a quantitatively determined relationship, in virtue of the fact that one commodity can be exchanged for another.

— Rudolf Hiferding

Labor, being itself a commodity, is measured as such by the labor time needed to produce the labor-commodity. And what is needed to produce…

— Karl Marx

A demand for commodities is not a demand for labor. The demand for labor is determined by the amount of capital directly devoted to…

— Millicent Fawcett

When you sell on price, you are a commodity. When you sell on value, you are a resource.

— Bob Burg

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