Exchange Of Goods Quotes & Sayings

A singular confusion exists about the notions of 'culture' and 'civilization'.
Culture began with the 'prologue in heaven.' With its religion, art, ethics, and philosophy, it will always be dealing with man's relation to that heaven from whence he came. Everything within culture means a confirmation or a rejection, a doubt or a reminiscence of the heavenly origin of man. Culture is characterized by this enigma and goes on through all time with the steady striving to solve it.
On the other hand, civilization is a continuation of the zoological, one-dimensional life, the material exchange between man and nature. This aspect of life differs from other animals' lives, but only in its degree, level, and organization. Here, one does not find man embarrassed by evangelical, Hamletian, or Karamasovian problems. The anonymous member of society functions here only by adopting the goods nature and changing the world by his work according to his needs. — Alija Izetbegovic

The simple exchange of legal tender for goods and services
was there anything more elemental, yet more beautiful? Money. No matter what anyone said, it was the answer to everything. When it came down to it, there was no human interaction that wasn't, at its core, a transaction. — Don Lee

Morgon of Hed met the High One's harpist one autumn day when the trade-ships docked at Tol for the season's exchange of goods. A small boy caught sight of the round-hulled ships with their billowing sails striped red and blue and green, picking their way among the tiny fishing boats in the distance, and ran up the coast from Tol to Akren, the house of Morgon, Prince of Hed. There he disrupted an argument, gave his message, and sat down at the long, nearly deserted tables to forage whatever was left of breakfast. The Prince of Hed, who was recovering slowly from the effects of loading two carts of beer for trading the evening before, ran a reddened eye over the tables and shouted for his sister. — Patricia A. McKillip

The word VALUE, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys. The one may be called 'value in use;' the other, 'value in exchange.' The things which have the greatest value in use have frequently little or no value in exchange; and, on the contrary, those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water; but it will purchase scarce any thing; scarce any thing can be had in exchange for it. A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods — Adam Smith

Before it was usual to acquire goods in the market, not for personal consumption, but simply in order to exchange them again for the goods that were really wanted, each individual commodity was only accredited with that value given by the subjective valuations based on its direct utility. It was not until it became customary to acquire certain goods merely in order to use them as media of exchange that people began to esteem them more highly than before, on account of this possibility of using them in indirect exchange. The individual valued them in the first place because they were useful in the ordinary sense, and then additionally because they could be used as media of exchange. Both sorts of valuation are subject to the law of marginal utility. — Ludwig Von Mises

If the objective exchange-value of money must always be linked with a pre-existing market exchange-ratio between money and other economic goods (since otherwise individuals would not be in a position to estimate the value of the money), it follows that an object cannot be used as money unless, at the moment when its use as money begins, it already possesses an objective exchange-value based on some other use. — Ludwig Von Mises

It [the free market] is an organizational way of doing things, featuring openness, which enables millions of people to cooperate and compete without demanding a preliminary clearance of pedigree, nationality, color, race, religion, or wealth. It demands only that each person abide by voluntary principles, that is, by fair play. The free market means willing exchange; it is impersonal justice in the economic sphere and excludes coercion, plunder, theft, protectionism, and other anti-free market ways by which goods and services change hands. — Leonard Read

Is there not one true coin for which all things ought to exchange?- and that is wisdom; and only in exchange for this, and in company with this, is anything truly bought or sold, whether courage, temperance or justice. And is not all true virtue the companion of wisdom, no matter what fears or pleasures or other similar goods or evils may or may not attend her? But the virtue which is made up of these goods, when they are severed from wisdom and exchanged with one another, is a shadow of virtue only, nor is there any freedom or health or truth in her; but in the true exchange there is a purging away of all these things, and temperance, and justice, and courage, and wisdom herself, are a purgation of them. — Socrates

Old ideas of not trading because 'they won't open their markets to us' miss the entire point of allowing goods to be imported into the United States - because we want and need them and because someone here believes that the good or service received in exchange for our dollars creates value for them. — Mike Pompeo

By 'the objective exchange-value of money' we are accordingly to understand the possibility of obtaining a certain quantity of other economic goods in exchange for a given quantity of money; and by 'the price of money' this actual quantity of other goods. — Ludwig Von Mises

I often wonder why the West is much more interested in aid deliveries than in fair trade, for example. The fair exchange of goods would place far more money into the hands of the affected people than relief operations. — Paul Kagame

The great German sociologist Franz Oppenheimer pointed out that there are two mutually exclusive ways of acquiring wealth; one, the above way of production and exchange, he called the "economic means." The other way is simpler in that it does not require productivity; it is the way of seizure of another's goods or services by the use of force and violence. This is the method of one-sided confiscation, of theft of the property of others. This is the method which Oppenheimer termed "the political means" to wealth. — Murray N. Rothbard

Persons with anything life sustaining to sell, fellow citizens as well as foreigners, were refusing to exchange their goods for money. They were suddenly saying to people with nothing but paper representations of wealth, "Wake up, you idiots! Whatever made you think paper was so valuable?" *** — Kurt Vonnegut

Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market. — Murray Rothbard

The end of Egypt's isolation turned what had been only occasional and incidental contact with the rest of the Near East into a constant and significant exchange of goods and ideas. The new cosmopolitanism introduced new forms and motifs and a growing naturalism to art. Egypt had always been receptive to immigrants, who had easily been assimilated into its culture; now even the pharaohs could marry foreigners. In addition, the increase of commerce and the emergence of a cosmopolitan urban population
at Thebes and other cities
marked the first real urbanization in Egyptian society. — Norman F. Cantor

The Igbo nation in precolonial times was not quite like any nation most people are familiar with. It did not have the apparatus of centralized government but a conglomeration of hundreds of independent towns and villages each of which shared the running of its affairs among its menfolk according to title, age, occupation, etc.; and its women folk who had domestic responsibilities as well as the management of the scores of four-day and eight-day markets that bound the entire region and its neighbours in a network of daily exchange of goods and news, from far and near. — Chinua Achebe

You have to distinguish between two things - the Swedish economy and the Swedish stock market. The Swedish economy is the sum of all the goods and services that are produced in this country every day. There are telephones from Ericsson, cars from Volvo, chickens from Scan, and shipments from Kiruna to Skovde. That's the Swedish economy, and it's just as strong or weak today as it was a week ago ...
The Stock Exchange is something very different. There is no economy and no production of goods and services. There are only fantasies in which people from one hour to the next decide that this or that company is worth so many billions, more or less. It doesn't have a thing to do with the Swedish economy. — Stieg Larsson

I'm rewarded with another sweet smirk, and the knowledge that I like this kind of back and forth when no one is paying for me, when I'm not pretending to like someone, when there's no exchange of power or money or goods. When we are just a guy and a girl spending an hour together on a Wednesday night in the Village in Manhattan, — Lauren Blakely

When individuals are exchanging present goods against future goods they do not take account in their valuations of Variations in the objective exchange-value of money. Lenders and borrowers are not in the habit of allowing for possible future fluctuations in the objective exchange-value of money. — Ludwig Von Mises

But here again it must be observed that this is a matter of a variation brought about through dynamic agencies. The static state, for which the contention attributed to the adherents of the mechanical version of the Quantity Theory would be valid, is disturbed by the fact that the exchange-ratios between individual commodities are necessarily modified. Under certain conditions, the technique of the market may have the effect of extending this modification to the exchange-ratio between money and other economic goods also. — Ludwig Von Mises

The blessing that the market does not ask about birth is paid for in the exchange society by the fact that the possibilities conferred by birth are molded to fit the production of goods that can be bought on the market. — Theodor Adorno

It is a mere futile process to exchange one set of commodities for another, if the parties; after this new distribution of goods has taken place, are not better off than they were before. — Thomas Malthus

Historically, large-scale global trade has served two functions: 1) the exchange of goods between willing sellers and buyers described in Econ 101 textbooks; 2) as a tool of state aggrandizement, in which the private parties are stand-ins for governmental interests. — Charles C. Mann

Wealth comes from the production and exchange of goods and services. If someone efficiently produces a good that many people willingly trade their money for, he becomes wealthy. — Sheldon Richman

The marginal utility of money to any individual, i.e., the marginal utility derivable from the goods that can be obtained with the given quantity of money or that must be surrendered for the required money, presupposes a certain exchange-value of the money; so the latter cannot be derived from the former. 1 Those who have realized the significance of historically-transmitted values in the determination of the objective exchange-value of money will not find great difficulty in escaping from this apparently circular argument. — Ludwig Von Mises

Every separate economic agent maintains a stock of money that corresponds to the extent and intensity with which he is able to express his demand for it in the market. If the objective exchange-value of all the stocks of money in the world could be instantaneously and in equal proportion increased or decreased, if all at once the money-prices of all goods and services could rise or fall uniformly, the relative wealth of individual economic agents would not be affected. Subsequent monetary calculation would be in larger or smaller figures; that is all. — Ludwig Von Mises

We now have a theory of effective collective action with decentralized authority. The theory is based on a conception of human nature as at once social, interdependent, justice-seeking, self-interested, and strategic. That conception is consistent with contemporary social science and with ancient Greek thought. The theory explains (through a mix of ideology, federalism, "altruistic" punishment, and existential threats) individual motivation to cooperate in the absence of a unitary sovereign as third-party enforcer. It provides (through information exchange) a mechanism that enables many individuals to accomplish common goals and to produce public goods without requiring orders from a master. — Josiah Ober

The market is a brilliant system for the exchange of goods and services, but it doesn't protect the environment unless it's regulated, it doesn't train your workforce unless it's regulated, and it doesn't give you the long-term investment you want. — Ken Livingstone

There was no money economy in Egypt, and all exchange of goods was carried out by barter. Each citizen paid a tax in kind of everyt5hing he produced, and the wealth of the pharaoh thus consisted of the grain, livestock, and other goods that he took as taxes. He also received metals and other goods as tribute or in trade from abroad. — Norman F. Cantor

Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods. — David Ricardo

You want my dark side? Have I ever stolen anything? Not so much intentionally. But I don't think it's so much stealing as ... being a part of the flow of the universe. You know, where there's an exchange. It's positive. It's negative. There's an exchange of goods and services — Bill Murray

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

The State does not govern the market; in the market in which products are exchanged it may quite possibly be a powerful party, but nevertheless it is only one party of many, nothing more than that. All its attempts to transform the exchange-ratios between economic goods that are determined in the market can only be undertaken with the instruments of the market. — Ludwig Von Mises

Money permits no deals except those to mutual benefit by the unforced judgment of the traders. Money demands of you the recognition that men must work for their own benefit, not for their own injury, for their gain, not their loss - the recognition that they are not beasts of burden, born to carry the weight of your misery - that you must offer them values, not wounds - that the common bond among men is not the exchange of suffering, but the exchange of goods. — Ayn Rand

The Stock Exchange is something very different. There is no economy and no production of goods and services. There are only fantasies in which people from one hour to the next decide that this or that company is worth so many billions, more or less. It doesn't have a thing to do with reality or with the Swedish economy. — Steig Larsson

In the case of money, subjective use-value and subjective exchange-value coincide. Both are derived from objective exchange-value, for money has no utility other than that arising from the possibility of obtaining other economic goods in exchange for it. — Ludwig Von Mises

So you think that money is the root of all evil? [ ... ] Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil? — Ayn Rand

When banks place credits into your account, they are merely pretending to lend you money. In reality, they have nothing to lend. Even the money that non-indebted depositors have placed with them was originally created out of nothing in response to someone else's loan. So what entitles the banks to collect rent on nothing? It is immaterial that men everywhere are forced by law to accept these nothing certificates in exchange for real goods and services. We are talking here not about what is legal, but what is moral. — G. Edward Griffin

There are two parts to the problem of measuring the objective exchange-value of money. First we have to obtain numerical demonstration of the fact of variations in the objective exchange-value of money; then the question must be decided whether it is possible to make a quantitative examination of the causes of particular price movements, with special reference to the question whether it would be possible to produce.
So far as the first-named problem is concerned, it is self-evident that its solution must assume the existence of a good, or complex of goods, of unchanging objective exchange-value. The fact that such goods are inconceivable needs no further elucidation.
If the one is proved to be soluble, then so also is the other; and proof of the insolubility of the one is also proof of the insolubility of the other. — Ludwig Von Mises

What is called storing money is a way of using wealth. The uncertainty of the future makes it seem advisable to hold a larger or smaller part of one's possessions in a form that will facilitate a change from one way of using wealth to another, or transition from the ownership of one good to that of another, in order to preserve the opportunity of being able without difficulty to satisfy urgent demands that may possibly arise in the future for goods that will have to be obtained by way of exchange. — Ludwig Von Mises

The shortage of buyers, which the world is suffering from, is readily understood, not as due to people not wishing to obtain possession of goods, but as people being unwilling to part with something which might earn a regular income in exchange for those goods. — Paul Dirac

The mistake in the argument of those who suppose that a variation in the quantity of money results in an inversely proportionate variation in its purchasing power lies in its starting-point. If we wish to arrive at a correct conclusion, we must start with the valuations of separate individuals; we must examine the way in which an increase or decrease in the quantity of money affects the value-scales of individuals, for it is from these alone that variations in the exchange-ratios of goods proceed. — Ludwig Von Mises

The townspeople thrived from these impermanent relationships, which were in their own way pure: the exchange of money for goods, a pleasant farewell, the assurance that neither party would see the other again. After all, what are most relationships in life but exactly this, though stretched flabbily over years and generations? — Hanya Yanagihara

It will be the obvious result of this that the prices of the goods concerned will rise, and that the objective exchange-value of money will fall in comparison. But this rise of prices will by no means be restricted to the market for those goods that are desired by those who originally have the new money at their disposal. In addition, those who have brought these goods to market will have their incomes and their proportionate stocks of money increased and, in their tum, will be in a position to demand more intensively the goods they want, so that these goods will also rise in price. Thus the increase of prices continues, having a diminishing effect, until all commodities, some to a greater and some to a lesser extent, are reached by it. — Ludwig Von Mises

Growing up, I had a sense of the importance of commerce and trade to everyday life. Our family lived in several countries, and I was fascinated by the free exchange of goods and services between individuals and companies - the way both parties could benefit. — Muhtar Kent

Laissez-faire capitalism, or anarchocapitalism, is simply the economic form of the libertarian ethic. Laissez-faire capitalism encompasses the notion that men should exchange goods and services, without regulation, solely on the basis of value for value. It recognizes charity and communal enterprises as voluntary versions of this same ethic. Such a system would be straight barter, except for the widely felt need for a division of labor in which men, voluntarily, accept value tokens such as cash and credit. Economically, this system is anarchy, and proudly so. — Karl Hess

We can easily imagine a monetary organization which, by the exclusive use of notes or clearing-house methods, allows all transfers to be made with the instrumentality of sums of money that never change their position in space.
If differences due to the geographical position of money are disregarded in this way, we get the following law for the exchange-ratio between money and other economic goods: every economic good, that is ready for consumption (in the sense in which that phrase is usually understood in commerce and technology), has a subjective use-value qua consumption good at the place where it is and qua production good at those places to which it may be brought for consumption. — Ludwig Von Mises

It seemed to me to be a parable of the exchange of goods, rather Marxist in some ways, in the new world of global forces. What the forgers do is write the brand name to try and change it, and it works! Loads of people buy fake Prada handbags, or Chanel sunglasses; they've been changed. They have been truly, really changed. — Marina Warner

I am a regular, if not exactly enthusiastic, patron of my local bookshop. I try to buy at least some books there because I cling to the belief that it's important to maintain those businesses which put a human face on the exchange of money for goods and services. — Will Self

If all the exchange-ratios of the past were erased from human memory, the process of market-price-determination might certainly become more difficult, because everybody would have to construct a new scale of valuations for himself; but it would not become impossible. In fact, people the whole world over are engaged daily and hourly in the operation from which all prices result: the decision as to the relative significance enjoyed by specific quantities of goods as conditions for the satisfaction of wants. — Ludwig Von Mises

The things which have the greatest value in use have frequently little or no value in exchange; and, on the contrary, those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water; but it will purchase scarce any thing; scarce any thing can be had in exchange for it. A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods may frequently be had in exchange for it. — Adam Smith

The United States, almost alone today, offers the liberties and the privileges and the tools of freedom. In this land the citizens are still invited to write their plays and books, to paint their pictures, to meet for discussion, to dissent as well as to agree, to mount soapboxes in the public square, to enjoy education in all subjects without censorship, to hold court and judge one another, to compose music, to talk politics with their neighbors without wondering whether the secret police are listening, to exchange ideas as well as goods, to kid the government when it needs kidding, and to read real news of real events instead of phony news manufactured by a paid agent of the state. This is a fact and should give every person pause. — E.B. White

Americans have learned to trust free markets. Republican or Democrat, we believe the unimpeded exchange of goods and services will yield better solutions than five-year plans set by even the most well-meaning public servants. — John Katzman

The first value of money was clearly the value which the goods used as money possessed (thanks to their suitability for satisfying human wants in other ways) at the moment when they were first used as common media of exchange. — Ludwig Von Mises

Money is a tool of exchange, which can't exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. — Ayn Rand

Constructive trade, the two-way exchange of goods and services, is the most efficient and logical way for each nation ... to build a stable prosperity, a prosperity based not on aid, but on mutually beneficial economic contacts. — Ronald Reagan