A Quote by David Ricardo

Utility then is not the measure of exchangeable value, although it is absolutely essential to it.

David Ricardo

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Absolutely Although Essential Measure Then Utility Value

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David Ricardo
British - Economist
April 18, 1772 - September 11, 1823

Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.

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

The exchangeable value of all commodities rises as the difficulties of their production increase.

David Ricardo

The exchangeable value of all commodities, rises as the difficulties of their production increase.

David Ricardo

Racism itself is difficult to measure. We can measure hate crimes - which are absolutely an indicator. We can measure reports of discrimination. We can measure the number of times hateful words are being used across the Internet. Those things all help us measure racism, but it can sometimes be nebulous.

Shaun King

As the revenue of the farmer is realized in raw produce, or in the value of raw produce, he is interested, as well as the landlord, in its high exchangeable value, but a low price of produce may be compensated to him by a great additional quantity.

David Ricardo

It is rather astonishing how little practical value scientific knowledge has for ordinary men, how dull and commonplace such of it as has value is, and how its value seems almost to vary inversely to its reputed utility.

G. H. Hardy

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

In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed.

David Ricardo

You have to think of the blockchain as a new utility. It is a new utility network for moving value, moving assets.

William Mougayar

I certainly think so, and I argue so, and I give talks on that. Are there risks by putting people together? Absolutely. Is there value in the black church? Absolutely. Is there value in having immigrant churches? Absolutely. But if we don't have congregations gathering with people of different races, what we're doing is we are redefining racial division, a racial inequality.

Michael Emerson

A representative assembly, although extremely well qualified, and absolutely necessary, as a branch of the legislative, is unfit to exercise the executive power, for want of two essential properties, secrecy and dispatch.

John Adams

All merchandize has the two essential properties of money, to measure and to represent all value: and in this sense all merchandize is money.

Anne-Robert-Jacques Turgot, Baron de Laune

Although a food processor is not an absolutely essential piece of equipment, because you can certainly chop, grate, slice, knead and mix everything by hand, it does do all these things very quickly and efficiently and saves you time and energy.

Delia Smith

The lawyers who really begin to address the problems of their clients address them without recourse to our courts, although that recourse is absolutely essential in providing leverage.

Janet Reno

A Quote by David Ricardo

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