Commodity Price Quotes & Sayings

The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating. — Adam Smith

The best taxes are such as are levied upon consumptions, especially those of luxury; because such taxes are least felt by the people. They seem, in some measure, voluntary; since a man may choose how far he will use the commodity: They naturally produce sobriety and frugality, if judiciously imposed: And being confounded with the natural price of the commodity, they are scarcely perceived by the consumers. Their only disadvantage is that they are expensive in the levying. — David Hume

The moneyprice of any commodity in any place, under the assumption of completely unrestricted exchange and disregarding the differences arising from the time taken in transit, must be the same as the price at any other place, augmented or diminished by the money-cost of transport. — Ludwig Von Mises

All of us as consumers have gotten spoiled, ... We expect customized goods and services at commodity prices. The only way we can do that is to cut the fat out of our price structure. — Robert Rubin

Yes, the ugliness of humanity can destroy you, it can lead to your destruction, you can sabotage others unknowingly or self-sabotage yourself and in the end, you will learn to secretly despise yourself and despise others at the same time. People never talk about what comes with freedom. The price of freedom. The lives that were lost in the process of its beautiful acquisition. They do not seem to realise that in the wrong hands it was a commodity for generations. People were lynched for it. They were raped for it. Nasty things (instead people will say let us sign papers and treaties and draw up constitutions). The bits and pieces of history become the literally and figuratively the past. Change yourself and you will change the past's 'yolk of blood'. — Abigail George

Wisdom, in short, whose lessons have been represented as so hard to learn by those who never were at her school, only teaches us to extend a simple maxim universally known and followed even in the lowest life, a little farther than that life carries it. And this is, not to buy at too dear a price. Now, whoever takes this maxim abroad with him into the grand market of the world, and constantly applies it to honours, to riches, to pleasures, and to every other commodity which that market affords, is, I will venture to affirm, a wise man. — Henry Fielding

Petrol price is a deregulated commodity, price of which is decided by our oil marketing companies based on input cost and other parameters. — Veerappa Moily

Marx then asks how wages are determined and answers that the price of labour is determined like the price of any other commodity. It may rise or fall according to supply and demand, — Anonymous

Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise. — Alan Greenspan

Another federal law makes it a felony for any person "knowingly to deliver or cause to be delivered for transmission through the mails or interstate commerce by telegraph, telephone, wireless, or other means of communication false or misleading or knowingly inaccurate reports concerning crop or market information or conditions that affect or tend to affect the price of any commodity in interstate commerce."21 For this "crime," you can be fined up to one million dollars and imprisoned for up to ten years. If you are ever prosecuted for a violation of this law, the way it is written, all the government needs to do to put you behind bars is to prove that you sent anybody a single — James Duane

The falseness of the seventeenth century became a large measure of the truth by the nineteenth. Money made the man, or at least went a long way toward doing so; and death became the occasion for a final accounting, a stocktaking of worldly success. Of course, there were other metrics: virtue, martyrdom, political standing, fraternal ties. But it took money to publicize them. The funeral became more and more a standardized commodity whose cost could be matched with exquisite precision to the class and degree of 'respectability' of the deceased. When one bought a funeral, one bought a more or less splendid parade, each additional bauble, each horse, each feather or set of nails adding to the base price. Bit by bit, finery accumulated, and by looking at the account books of an undertaker who specialized in pauper funerals, we can begin to see the bounds of decency in death. — Thomas W. Laqueur

Low price is a great way to sell a commodity. That's not marketing though, that's efficiency. — Seth Godin

The author points to the impact of what he called Dutch disease, where the discovery of found wealth from a particular commodity causes a culture to atrophy with respect to work ethic and broader development. Continuing wealth from the single commodity is taken for granted. The government, flush with wealth, is expected to be generous. When the price of that commodity drops, a government which would remain in power dare not cut back on this generosity. — Daniel Yergin

If we disregard the exchange of present goods for future goods, and restrict our considerations for the time being to those cases in which the only exchanges are those between present goods and present money, we shall at once observe a fundamental difference between the effects of an isolated variation in a single commodity-price, emanating solely from the commodity side, and the effects of a variation in the exchange-ratio between money and other economic goods in general, emanating from the monetary side. — Ludwig Von Mises

Christ is a most precious commodity, he is better than rubies or the most costly pearls; and we must part with our old gold, with our shining gold, our old sins, our most shining sins, or we must perish forever. Christ is to be sought and bought with any pains, at any price; we can not buy this gold too dear. He is a jewel more worth than a thousand worlds, as all know who have him. Get him, and get all; miss him and miss all. — Thomas Brooks

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

Sometimes, instead of purchasing a commodity out and out, people want to buy only the use of it, for a longer or shorter period. The price paid for such temporary use is commonly called hire. — John Buchanan Robinson

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

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

When you sell on price, you are a commodity. When you sell on value, you are a resource. — Bob Burg

There's a saying that you can't put a price on a human life, but that saying is a lie because we have. We have, and it's so much lower than you would think. Yes, human life has its price like anything else, and will continue to do so for as long as it doubles as a commodity. — Nenia Campbell

The commodity price easing really does not play too much role in our margins because our basic raw material - steel - is not really a commodities engineering steel. — Baba Kalyani

It made economic sense, if you looked at it from the right angle; it was not in the Clan's interest for the price of the commodity they shifted to drop - and drop it surely would, if it was legalized or if the pressure to keep up the war on drugs ever slackened. But for Mike Fleming, who'd willingly given the best years of his life to the DEA, it was a deeply unsettling idea; nauseating, even. Bought and sold: We're doing the dealers' work for them, keeping prices high. — Charles Stross

The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt. — Jim Rogers

I believe that there have been repeated attempts to influence prices in the silver markets. There have been fraudulent efforts to persuade and deviously control that price. Based on what I have been told by members of the public, and reviewed in publicly available documents, I believe violations to the Commodity Exchange Act (CEA) have taken place in silver markets and that any such violation of the law in this regard should be prosecuted. — Bart Chilton

As one of the nation's top agricultural states, Nebraska has a great opportunity to provide input that will help shape the 2007 Farm Bill, .. This legislation will help determine commodity price supports, priorities with regard to conservation programs, as well as rural development, renewable energy and beginning farmer initiatives for several years to come. — Dave Heineman

Any commodity that sees its price going higher will see new mines opening up. When the supply increases, the prices soften. When prices fall, some mines with higher production costs will shut down as they become unviable. — Gautam Adani

In marketing terms, a commodity is an undifferentiated product that is just like its competitors. It isn't usually very innovative, and offers a similar set of features and price point compared to competitive products. In other words, its defining characteristic is its "sameness" compared to other similar products. When a product becomes a commodity, the price that it commands in the marketplace tends to erode. People aren't willing to pay extra for your product. They consider it and those of your competitors to be interchangeable, so no one company has an edge in sales. — Chuck Frey

The art of marketing is the art of brand building. If you arenot a brand, you are a commodity. Then price is everything and the low-cost producer is the only winner. — Philip Kotler

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. — Ludwig Von Mises

Labor, being itself a commodity, is measured as such by the labor time needed to produce the labor-commodity. And what is needed to produce this labor-commodity? Just enough labor time to produce the objects indispensable to the constant maintenance of labor, that is, to keep the worker alive and in a condition to propagate his race. The natural price of labor is no other than the wage minimum. — Karl Marx

The truth beyond the fetish's glimmering mirage is the relationship of laborer to product; it is the social account of how that object came to be. In this view every commodity, beneath the mantle of its pricetag, is a hieroglyph ripe for deciphering, a riddle whose solution lies in the story of the worker who made it and the conditions under which it was made. — Leah Hager Cohen