commodity pricing Quotes

There's no point in treating a currency like a commodity, devaluing it artificially and causing a lot of poverty among poor countries.

Labor is the true standard of value.

The general principles of political economy teach us to buy all our commodities where we can have them the cheapest; and perhaps there is no general rule in the whole compass of the science to which fewer justifiable exceptions can be found in practice

If the coin be locked up in chests, it is the same thing with regard to prices, as if it were annihilated; if the commodities be hoarded in magazines and granaries, a like effect follows. As the money and commodities, in these cases, never meet, they cannot affect each other.

Steak on the plate went up. Steak on the hoof went down.

There shall be one measure of wine through our kingdom, and one measure of ale, and onemeasure of corn … and one breadth of dyed cloth and of rufflets …. It shall be the same as with weights as measures …

When we sell a kilo of bean coffee in Uganda, we get one dollar per kilo. The same kilo, when it is processed [and sold in Britain], goes for $10, $11 or even more a kilo. That is the same situation that goes for all raw materials.

How can it be "mutually beneficial" to sell at world market prices the raw materials that cost the underdeveloped countries immeasurable sweat and suffering.

Gasoline prices are a direct reflection of the cost of the raw materials to produce the gasoline, no different than any other product that you would buy, whether it's a good or some other consumable, or it's a luxury item. It's all a function of what do the raw materials cost.

But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed.

I think, for OPEC, the main challenge is to have a price level which brings good profits to them, good incentives for the investments, but at the same time, to prevent prices going to very high levels.

Still blows my mind that toilet paper isn't free.

Managing innovation better may be the only way out of the abyss called commodity hell.

Unless I am presented with evidence that the producers of oil, coal or hides were unable to compete successfully without reduction of wages, then they do not need a duty and their articles should go on the free list..

I think the market is always going to be around. The goal is not to say, let's get rid of the market, because the market does render a huge number of services, and I don't want to have a fight about the price of something every time I buy a book or a bottle of water.

Government buffer-stock schemes are rife with politics, and instead of generating profits from buying low and selling high, they tend to generate losses.

No foreign commodity that comes into England comes without payment of custom once, twice, or thrice, before it come into the realm, and so all foreign commodities become dearer to the subjects of this realm

Prices of every thing depend on the proportion between commodities and money, and that any considerable alteration on either has the same effect, either of heightening or lowering the price.

A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.

A man may not sell above the current price, i.e., such a price as is usual in the time and place, and as another (who knows the worth of the commodity) would give for it When a man loseth in his commodity for want of skill, etc., he must look at it as his own fault or cross, and therefore must not lay it upon another

Now, Gold and Silver contribute very little in their own nature to our Lives, for which all Earthly Things seem to have been created. Yet Men, as if they would make Nature asham'd of this, have agreed to make those Metals of equal vaue to all other things, to make 'em the Price and Measrue of all, and the Instruments of changing and exchanging whatever can be found good in this World.

Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing.

The one thing people seem to forget is the more oil we have, the lower the price and the lower the profits the oil companies make.

The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error.

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.