Commodity Quotes - Page 7

• Society established gold and silver as a circulating medium and as a legal tender in order that exchanges of commodities might be facilitated; but society blundered in so doing; for, by this very act, it gave to a certain class of men the power of saying what exchanges shall, and what exchanges shall not, be facilitated by means of this very circulating medium. The monopolizers of othe precious metals have an undue power over the community: they can say whether money shall, or shall not, be permitted to exercise its legitimate functions.

  William Batchelder Greene

  Mean, Exercise, Men

  William Batchelder Greene (1875). “Socialistic, Communistic, Mutualistic, and Financial Fragments”, p.39

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• To alter the money value of commodities, by altering the value of money, and yet to raise the same money amount by taxes, is then undoubtedly to increase the burthens of society.

  David Ricardo

  Increase, Taxes, Raises

  David Ricardo, John Ramsay McCulloch (1871). “The Works of David Ricardo: With a Notice of the Life and Writings of the Author”, p.257

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• 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 in that science.

  David Ricardo

  Errors, Political, Demand

  David Ricardo, John Ramsay McCulloch (1852). “The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch”, p.232

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• In the long run, though, the greatest IT risk facing most companies is more prosaic than a catastrophe. It is, simply, overspending. IT may be a commodity, and its costs may fall rapidly enough to ensure that any new capabilities are quickly shared, but the very fact that it is entwined with so many business functions means that it will continue to consume a large portion of corporate spending.

  Nicholas G. Carr

  Running, Fall, Mean

  "Why IT Doesn't Matter Anymore". hbswk.hbs.edu. June 09, 2003.

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• Unless the fundamental categories of economics such as 'property' were to be redefined in a radically personal way the liberal rationalist curse which had established economics as a scientific discipline cut off from human interests would proliferate. Economic models ... have failed to incorporate any meaningful index of individual benefit other than the original utilitarian one, ... the index of increasing income or an increasing flow of commodities.

  John Carroll

  Meaningful, Cutting, Economic Models

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• What I've learned is that the most precious commodity you can have in a relationship is honesty, good or bad.

  Michael Ealy

  Honesty, I've Learned

  Source: collider.com

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• Today, there are also buyers and sellers of all these energy commodities, just like there are buyers and sellers of food commodities and many other commodities.

  Kenneth Lay

  Energy, Today, Economy

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• The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However, since all reserve funds and savings today usually flow to him, and the total demand for free purchasing power, whether existing or to be created, concentrates on him, he has either replaced private capitalists or become their agent; he has himself become the capitalist par excellence.

  Joseph A. Schumpeter

  Excellence, Bankers, Saving

  Joseph A. Schumpeter (2011). “The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle”, p.74, Transaction Publishers

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• Conservation is getting nowhere because it is incompatible with our Abrahamic concept of land. We abuse land because we regard it as a commodity belonging to us. When we see land as a community to which we belong, we may begin to use it with love and respect. There is no other way for land to survive the impact of mechanized man, nor for us to reap from it the aesthetic harvest it is capable, under science, of contributing to culture

  Aldo Leopold

  Men, Land, Impact

  Aldo Leopold (1989). “A Sand County Almanac, and Sketches Here and There”, p.8, Oxford University Press, USA

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• The unvarnished truth is that a trained dog is a perishable commodity. Few things are so subject to deterioration. It is almost as hard-and it takes almost as good a hunter-to keep a dog good as to make one as good. Eternal vigilance is the price of a good bird dog, regardless of who you are, or where and how virtuously you live.

  Havilah Babcock

  Dog, Bird, Hunters

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• The fundamental business of the country, that is production and distribution of commodities, is on a sound and prosperous basis.

  Herbert Hoover

  Country, Sound, Fundamentals

  In a press conference, October 30, 1929.

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• The essence of air transport is speed, and speed is unfortunately one of the most expensive commodities in the world, principally because of the disproportionate amount of the power required to achieve high speed and to lift loads thousands of feet into the air. This is strikingly illustrated by the fact that while an average cargo ship, freight train and transport aeroplane are each equipped with engines totalling about 2,500 H.P., the ship can carry a load of about 7,000 tons, the train 800 tons and the plane only two and a half tons.

  J. R. D. Tata

  Air, Average, Essence

  Speech at the Bombay Rotary Club on November 02, 1943. "Keynote: Excerpts from his speeches and chairman's statements to shareholders". Book by J. R. D Tata, 1986.

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• Electrical fire and the fire of greed kindle economies. In that flux, nations become digitized commodities on stock-exchange floors and on investors' rating screens. A country becomes a product to be rated for its obedience to paying of deficits and debts.

  B. W. Powe

  Country, Fire, Greed

  "Towards a Canada of Light". Book by Bruce W. Powe, 2006.

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• Permission from the government is an expensive commodity. New ideas rarely have this kind of support. Old ideas often have deep legislative connections to defend them against the new.

  Lawrence Lessig

  Government, Ideas, Support

  Lawrence Lessig (2002). “The Future of Ideas: The Fate of the Commons in a Connected World”, p.76, Vintage

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• This is a commodities business, so the companies that do it best are the ones that do it more efficiently.

  Kate Warne

  Company

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• In this difficult era the most valuable commodity is the unfailing turn of the hours and how they retrieve for us the known harbor of yesterday.

  Chang-Rae Lee

  Yesterday, Eras, Hours

  Chang-rae Lee (2014). “On Such a Full Sea: A Novel”, p.10, Penguin

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• Neither machines, nor the commodities made by them, rise in real value, but all commodities made by machines fall, and fall in proportion to their durability.

  David Ricardo

  Real, Fall, Durability

  David Ricardo, John Ramsay McCulloch (1852). “The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch”, p.27

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• Gold is now money with reference to all other commodities only because it was previously, with reference to them, a simple commodity.

  Karl Marx

  Simple, Gold

  Karl Marx (2016). “Capital: A Critique of Political Economy. Volume I: The Economist”, p.27, VM eBooks

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• Money appears as measure (in Homer, e.g. oxen) earlier than as medium of exchange, because in barter each commodity is still its own medium of exchange. But it cannot be its own or its own standard of comparison.

  Karl Marx

  Oxen, Standards, Mediums

  Karl Marx (1973). “Grundrisse: Foundations of the critique of political economy”, Vintage Books USA

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• The labour-power is a commodity , not capital, in the hands of the labourer, and it constitutes for him a revenue so long as he can continuously repeat its sale; it functions as capital after its sale, in the hands of the capitalist, during the process of production itself.

  Karl Marx

  Hands, Long, Process

  Karl Marx (1957). “Capital”

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• The values of commodities are directly as the times of labor employed in their production, and are inversely as the productive powers of the labor employed.

  Karl Marx

  Labor, Employed, Productions

  Karl Marx (1913). “Value, Price and Profit”

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• We cannot tell by looking at the diamond that it is a commodity. When it serves as a use-value, asthetic or mechanical, on the breast of a harlot, or in the hand of a glasscutter, it is a diamond and not a commodity.

  Karl Marx

  Hands, Use, Harlots

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• To believe that the intolerable crime is to burn a few cars and rob some shops, whereas to kill a young man is trivial, is typically in keeping with what Marx regarded as the principal alienation of capitalism: the primacy of things over existence, of commodities over life and machines over workers

  Alain Badiou

  Believe, Men, Car

  Alain Badiou, Gregory Elliott (2012). “The Rebirth of History: Times of Riots and Uprisings”, p.20, Verso Books

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• I'm a person that thinks time is very precious and our only commodity... It's so upsetting when I feel like something has wasted my time.

  Lorene Scafaria

  Thinking, Upset, Wasted My Time

  "Filmmaker on 'Seeking a Friend's' origins". Interview with Mike Ayers, www.cnn.com. June 23, 2012.

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• Next to the commodities of corruption, and religion, however, Nigeria is the world capital of rumour mongering.

  Wole Soyinka

  Next, World, Corruption

  Source: saharareporters.com

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