A Quote by David Ricardo
Labour, like all other things which are purchased and sold... has its natural and its market price.
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LABOUR, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, on with another, to subsist and to perpetuate their race, without either increase or diminution.
Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.
Every relationship can feel saturated by market logic or at best purchased at the price of the immiseration of others.
Clearly the price considered most likely by the market is the true current price: if the market judged otherwise, it would quote not this price, but another price higher or lower.
At first I hoped that such a technically unsound project would collapse but I soon realized it was doomed to success. Almost anything in software can be implemented, sold, and even used given enough determination. There is nothing a mere scientist can say that will stand against the flood of a hundred million dollars. But there is one quality that cannot be purchased in this way - and that is reliability. The price of reliability is the pursuit of the utmost simplicity. It is a price which the very rich find most hard to pay.
From the point of view of the pharmaceutical industry, the AIDS problem has already been solved. After all, we already have a drug which can be sold at the incredible price of $8,000 an annual dose, and which has the added virtue of not diminishing the market by actually curing anyone.
There is abundant proof that the opening of our ports always tends to raise the price of foreign corn to the price in the English market, and not to sink the price of British corn to the price in the continental market.
Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand.
Whenever the investor sold out in an upswing as soon as the top level of the previous well-recognized bull market was reached, he had a chance in the next bear market to buy back at one third (or better) below his selling price.
Peace purchased at the cost of any part of our national integrity is fit only for slaves, and even when purchased for such a price it is a delusion, for it cannot last.
In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee's lord. He is simply the buyer of services which he must purchase at their market price.
The things that matter most in this world are those that carry no price tag, for they can neither be bought nor sold at any price.
All things are sold: the very light of heaven is venal; earth's unsparing gifts of love, the smallest and most despicable things that lurk in the abysses of the deep, all objects of our life, even life itself, and the poor pittance which the laws allow of liberty, the fellowship of man, those duties which his heart of human love should urge him to perform instinctively, are bought and sold as in a public mart of not disguising selfishness, that sets on each its price, the stamp-mark of her reign.
Nothing of value is free. Even the breath of life is purchased at birth only through gasping effort and pain... The best things in life are beyond money; their price is agony and sweat and devotion... and the price demanded for the most precious of all things in life is life itself--ultimate cost for perfect value
Reason is not like the goods sold in the market places--the more plentiful they are, the less they are worth. Reason's worth waxes with her abundance. But were she sold in the market, it is only the wise man who would understand her true value.
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