FastSaying

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.

David Ricardo

David Ricardo

CommodityContributeCouldGratificationHoweverIn Other WordsLabourMightNecessaryOtherOurProcureQuantityScarceUsefulValueWayWereWhateverWordsWould

Related Quotes

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.
— David Ricardo
CommoditiesCommodityEvery
In other words, Judaism is not Calvinism.
— Chaim Potok
In Other WordsJudaismOther
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.
— David Ricardo
ArbitraryBestowedCapital
In other words, musicians know that going back to the Spoonful, what we were doing was not copying.
— John Sebastian
BackCopyingDoing
In other words, the bar should be maintained at the level of a pluralistic and participatory democracy.
— Recep Tayyip Erdogan
BarDemocracyIn Other Words