Another Quote by Rudolf Hiferding

Exchange value forms the substance of money, and exchange value is wealth.

— Karl Marx

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

— Rudolf Hiferding

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

Value denotes a relation reciprocally existing between two objects, and the precise relation which it denotes is the quantity of the one which can…

— Nassau William Senior

In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and…

— David Ricardo

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

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

Value is a relative concept: the value of each action is determined by comparing it with other possible actions.

— Garrett Hardin

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

— Bob Burg

Basically, we try to buy value expressed in the differential between its price and what we think its worth.

— Walter Schloss

The meaning or value of a thing consists of what it affords.

— James J. Gibson

“value doesn’t live in things –it lives in our relationship to those things and our relationships with each other. Relationships are intangible --bonds built…

— Genevieve Parker Hill