A Quote by Adam Smith

Thus the labour of a manufacture adds, generally, to the value of the materials which he works upon, that of his own maintenance, and of his masters profits. The labour of a menial servant, on the contrary, adds to the value of nothing.

Adam Smith

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Adds Contrary Generally His Labour Maintenance Masters Materials Nothing On The Contrary Own Profits Servant Thus Value Which Works

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Adam Smith
Scottish - Economist
June 5, 1723 - July 17, 1790

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

Design adds value faster than it adds cost.

Joel Spolsky

There can be no rise in the value of labour without a fall of profits.

David Ricardo

There can be no rise in the value of labour without a fall of profits.

David Ricardo

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.

Adam Smith

Technical Expertise is composed of all the little and large bits of technique known to the skilled painter, musician, actor, any artist. He adds these things together in his basic presentation. He knows what he is doing. And how to do it. And then to his he adds his message.

L. Ron Hubbard

Many causes may vitiate a writer's judgement of his own works. On that which has cost him much labour he sets a high value, because he is unwilling to think that he has been diligent in vain: what has been produced without toilsome efforts is considered with delight as a proof of vigorous faculties and fertile invention; and the last work, whatever it be, has necessarily most of the grace of novelty.

Samuel Johnson

An increase in the productivity of labour means nothing more than that the same capital creates the same value with less labour, or that less labour creates the same product with more capital.

Karl Marx

For the folk-community does not exist on the fictitious value of money but on the results of productive labour, which is what gives money its value.

Adolf Hitler

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

The circulation of capital realizes value , while living labour creates value .

Karl Marx

God took Eve from the side of Adam, not from his foot to be his menial or slave or servant, not from his head to be his mental superior, and did take him from that which is nearest his heart, that he might love her, and that which is under his arm, that he might protect her.

Matthew Henry

If cuts have to be made, the question then becomes which expenditure adds the least value? This is possibly what drives companies to reduce their advertising expenditure - simply because they do not understand its full value and especially as it is usually the single biggest investment on the balance sheet.

Paul Dyson

The rapid proliferation of cell phones in Afghanistan proves that anything that adds value to people's lives spreads like brushfire - and commerce is certainly a force that could add value for Afghanis.

Iqbal Quadir

Utilities used deregulation to effect a series of mergers limiting competition. In order to accelerate profits, cost cutting ensued, involving the layoff of thousands of utility company employees, including some who were responsible for maintenance of generation, transmission, and distribution systems. A number of investor-owned utilities stopped investing in the maintenance and repair of their own equipment, and, instead, cut costs to enhance the value of their stock rather than spending money to enhance the value of their service.

Dennis Kucinich

When he painted a road, the roadmakers were there in his imagination, when he painted the turned earth of a ploughed field, the gesture of the blade turning the earth was included in his own act. Whenever he looked he saw the labour of existence; and this labour, recognised as such, was what constituted reality for him. (On Vincent Van Gogh)

John Berger

A Quote by Adam Smith

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