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"If a commodity were in no way useful, - in other words, if it could in no way contribute to our gratification, - it would be destitute of exchangeable value, however scarce it might be, or whatever quantity of labour might be necessary to procure it."
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Exlpore more Values quotes
"If you want to know the value of half a second, ask the person who came second in a sprint event at the Olympics."
"If you want to know the value of a week ask the editor of a weekly magazine if he fails to meet up with the target of his weekly publication."
"Many a man was caused to perish by something that he and many men cherish."
"Great beauty, great strength, and great riches are really and truly of no great use; a right heart exceeds all."
"Every one of us is, in the cosmic perspective, precious. If a human disagrees with you, let him live. In a hundred billion galaxies, you will not find another."
"Any general statement is like a check drawn on a bank. Its value depends on what is there to meet it."
Explore more quotes by David Ricardo
"Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them."
"During the period of capital moving from one employment to another, the profits on that to which capital is flowing will be relatively high, but will continue so no longer than till the requisite capital is obtained."
"Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production."
"The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state."
"In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed."
"The facility of obtaining food is beneficial in two ways to the owners of capital, it at the same time raises profits and increases the amount of consumable commodities."
"If the quantity of labour realized in commodities, regulate their exchangeable value, every increase of the quantity of labour must augment the value of that commodity on which it is exercised, as every diminution must lower it."
"If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can by no means be so surely obtained as by a fall in the price of corn."
"The exchangeable value of all commodities, rises as the difficulties of their production increase."
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