Exchange Value Quotes

The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.

Gold is money. Everything else is credit.

Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark.

Nothing can have value without being an object of utility.

Such forms of wealth as gold, silver, precious stones are only minerals and products having an exchange value. It is social effort, the search for profit and the use of tools that cause the increase or decrease of the quantity of precious metals in circulation and hence, the real wealth of a King

Something is worth what somebody will pay for it. Nothing else, nothing more, nothing less.

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

Oil painting did to appearances what capital did to social relations. It reduced everything to the equality of objects. Everything became exchangeable because everything became a commodity.

Everything does not have to be a commodity.

Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market.

The value of a thing is what that thing will bring. -Legal Maxim

The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command. Labour, therefore, is the real measure of the exchangeable value of all commodities. The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.

Practically and commercially speaking, a dollar is not necessarily a specific thing, made of silver, or gold, or any other single metal, or substance. It is only such a quantum of market value as exists in a given piece of silver or gold.

Selling concerns itself with the tricks and techniques of getting people to exchange their cash for your product. It is not concerned with the values that the exchange is all about. And it does not, as marketing invariable does, view the entire business process as consisting of a tightly integrated effort to discover, create, arouse and satisfy customer needs.

The most interesting thing about the idea of money is that it makes it possible to measure something in previous ages we couldn't be sure about, and that something is power.

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

The economic concept of value does not occur in antiquity .

We live in a world of things, and our only connection with them is that we know how to manipulate or to consume them.

Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are checks drawn on insufficient funds.

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

Price, taken by itself, is nothing but the monetary expression of value.

People typically only believe they're in a negotiation when dollars are involved. And maybe sometimes they're smart enough to see if there's a commodity that you can count being exchanged. And, of course, the commodity that we most commonly exchange is money.

It is to labor, and to labor only, that man owes everything possessed of exchangeable value. Labor is the talisman that has raised him from the condition of the savage: that has changed the desert and the forest into cultivated fields; that has covered the earth with cities, and the ocean with ships; that has given us plenty, comfort, and elegance, instead of want, misery, and barbarism.

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 will take in exchange for it.

The "value" or "worth" of a man is, as of all other things, his price; that is to say, so much as would be given for the use of his power.