Exchange Value Quotes & Sayings

In our modern world, this elemental quality of storytelling is denied. We live today in a world in which everything has its place and function and nothing is left out of place. Storytelling is thus at a discount and like everything else in a world ruled by the laws of exchange value, literature is required to submit itself to the requirements of the market and must learn, like any other commodity, to adapt and serve needs that lie outside of itself and its concrete value. It is forced to stand not for itself but for an ideological cause of one sort or another, whether it be political, social or literary. It cannot exist for itself: like everything else it has to be justified. And for this very reason the power of storytelling is automatically devalued. Literature is reduced to the status of complimentary utilitarian functions: as a pastime to provide distraction and entertainment, or as a heightened activity that would claim to explore 'great truths' about the human condition. — Michael Richardson

It's a serious character weakness to think you can get something of value for little or nothing, to believe that life will flood you with abundance when you won't commit yourself to delivering your best contribution in exchange. In fact, it's a safe bet that you'll subconsciously sabotage yourself from being in such a place for long. You won't allow yourself to receive what you don't feel you've earned. To receive life's bounty, you must know without a doubt that you deserve it. — Steve Pavlina

The coffee served in the coffeehouses wasn't necessarily very good coffee. Because of the way coffee was taxed in Britain (by the gallon), the practice was to brew it in large batches, store it cold in barrels, and reheat it a little at a time for serving. So coffee's appeal in Britain had less to do with being a quality beverage than with being a social lubricant. People went to coffeehouses to meet people of shared interests, gossip, read the latest journals and newspapers - a brand-new word and concept in the 1660s - and exchange information of value to their lives and business. Some took to using coffeehouses as their offices - as, most famously, at Lloyd's Coffee House on Lombard Street, which gradually evolved into Lloyd's insurance market. — Bill Bryson

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

THE economic consequences of fluctuations in the objective exchange-value of money have such important bearings on the life of the community and of the individual that as soon as the State had abandoned the attempt to exploit for fiscal ends its authority in monetary matters, and as soon as the large-scale development of the modern economic community had enabled the State to exert a decisive influence on the kind of money chosen by the market, it was an obvious step to think of attaining certain socio-political aims by influencing these consequences in a systematic manner. Modern currency policy is something essentially new; it differs fundamentally from earlier State activity in the monetary sphere. — Ludwig Von Mises

If mass communications blend together harmoniously, and often unnoticeably, art, politics, religion, and philosophy with commercials, they bring these realms of culture to their common denominator
the commodity form. The music of the soul is also the music of salesmanship. Exchange value, not truth value, counts. — Herbert Marcuse

Women don't want to exchange places with men. Male chauvinists, science-fiction writers and comedians may favor that idea for its shock value, but psychologists say it is a fantasy based on ruling-class ego and guilt. — Gloria Steinem

Use-values exist in the physical material world of things that can be described in Newtonian and Cartesian terms of absolute space and time. Exchange-values lie in the relative space-time of motion and exchange of commodities, while values can be understood only in terms of the relational space-time of the world market. (The immaterial relational value of socially necessary labor times comes into being within the evolving space-time of capitalist global development.) But as Marx has already convincingly shown, values cannot exist without exchange-values, and exchange cannot exist without use-values. The three concepts are dialectically integrated with one another. — David Harvey

Miracles are like stones: they are everywhere, offering up their beauty, but hardly anyone concedes value to them. We live in a reality where prodigies abound but are seen only by those who have developed their perception of them. Without this perception everything is banal, marvelous events are seen as chance, and one progresses through life without possessing the key that is gratitude. When something extraordinary happens it is seen as a natural phenomenon that we can exploit like parasites, without giving anything in return. But miracles require an exchange; I must make that which is given to me bear fruit for others. If one is not united with oneself, the wonder cannot be captured. Miracles are never performed or provoked: they are discovered. If someone who believes himself to be blind takes off his dark glasses, he will see the light. That darkness is the prison of the rational. — Alejandro Jodorowsky

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

Love is often nothing but a favorable exchange between two people who get the most of what they can expect, considering their value on the personality market. — Erich Fromm

I've come to gamble."
The old man's mouth twitched. He put down his shish kebab and leaned toward Percy. "A gamble...how interesting. Information in exchange for the harpy? Winner take all?"
"No," Percy said. "The harpy isn't part of the deal."
Phineas laughed. "Really? Perhaps you don't understand her value."
"She's a person," Percy said. "She isn't for sale. — Rick Riordan

Only when we have something to value, will we have something to evaluate.. and we cannot value something that we cannot share, exchange, and examine. — Lee S Shulman

My generosity must bear a cost or there'd be no value in what you gain from it. There'd be no second thought for me, the tiny, humble mankin who came to save you. Is it right for a desperate soul to expect redemption for nothing? No. No, no. So, tell me, child, what will you give me in exchange for my services?"
- from "Dimpellumpzki — Richelle E. Goodrich

The social displacements that occur as consequences of variations in the value of money result solely from the circumstance that this assumption never holds good. In the chapter dealing with the determinants of the objective exchange-value of money it was shown that variations in the value of money always start from a given point and gradually spread out from this point through the whole community. — Ludwig Von Mises

To a naive observer, money made out of precious metal was 'sound money' because the piece of precious metal was an 'intrinsically' valuable object, while paper money was 'bad money' because its value was only 'artificial'. But even the layman who holds this opinion accepts the money in the course of business transactions, not for the sake of its industrial use-value, but for the sake of its objective exchange-value, which depends largely upon its monetary employment. He values a gold coin not merely for the sake of its industrial use-value, say because of the possibility of using it as jewellery, but chiefly on account of its monetary utility. But, of course, to do something, and to render an account to oneself of what one does and why one does it, are quite different things. — Ludwig Von Mises

As exchange-values, all commodities are merely definite quantities of congealed labour-time. — Karl Marx

Humankind cannot gain anything without first giving something in return. To obtain, something of equal value must be lost. That is alchemy's first law of Equivalent Exchange. In those days, we really believed that to be the world's one, and only, truth. But the world isn't perfect, and the law is incomplete. Equivalent Exchange doesn't encompass everything that goes on here, but I still choose to believe in its principle, that all things do come at a price, that there's an ebb and a flow, a cycle, that the pain we went through did have a reward, and that anyone who's determined and perseveres will get something of value in return, even if it's not what they expected. I don't think of Equivalent Exchange as a law of the world anymore. I think of it as a promise, between my brother and me. A promise that, someday, we'll see each other again. — Hiromu Arakawa

The objective exchange-value of money which rules in the market to-day is derived from yesterday's under the influence of the subjective valuations of the individuals frequenting the market, just as yesterday's in its turn was derived under the influence of subjective valuations from the objective exchange-value possessed by the money the day before yesterday. If in this way we continually go farther and farther back we must eventually arrive at a point where we no longer find any component in the objectIve exchange-value of money that arises from valuations based on the function of money as a common medium of exchange; where the value of money is nothing other than the value of an object that is useful in some other way than as money. — Ludwig Von Mises

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

When we read, we decide when, where, how long, and about what. One of the few places on earth that it is still possible to experience an instant sense of freedom and privacy is anywhere you open up a good book and begin to read. When we read silently, we are alone with our own thoughts and one other voice. We can take our time, consider, evaluate, and digest what we read - with no commercial interruptions, no emotional music or special effects manipulation. And in spite of the advances in electronic information exchange, the book is still the most important medium for presenting ideas of substance and value, still the only real home of literature. — Andrew Clements

This attribute of equality within the market system is terribly important; Marx understands it as being fundamental to how capitalism theoretically works. Aristotle, too, understood the need for commensurability and equality in exchange relations, but he couldn't figure out what lay behind it. Why not? Marx's answer is that "Greek society was founded on the labour of slaves, hence had as its natural basis the inequality of men and of their labour-powers" (152). In a slave-holding society there can be no value theory of the sort that we are going to find under capitalism. Again, note the historical specificity of the value theory to capitalism. — David Harvey

Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are checks drawn on insufficient funds. — Rene Daumal

We believe that business is good because it creates value. It is ethical because it is based on voluntary exchange; it is noble because it can elevate our existence, and it is heroic because it lifts people out of poverty and creates prosperity. — John Mackey

Humankind cannot gain something without first giving something in return. To obtain, something of equal value must be lost. This is Alchemy's First Law of Equivalent Exchange. In those days, we really believed that to be the world's one, and only, truth. — Hiromu Arakawa

A variation in the objective exchange-value of money can arise only when a force is exerted in one direction that is not cancelled by a counteracting force in the opposite direction. If the causes that alter the ratio between the stock of money and the demand for it from the point of view of an individual consist merely in accidental and personal factors that concern that particular individual only, then, according to the law of large numbers, it is likely that the forces arising from this cause, and acting in both directions in the market, will counterbalance each other. — Ludwig Von Mises

The exchange-value of money is the anticipated use-value of the things that can be obtained with it. — Ludwig Von Mises

Capitalist ideology in general, Zizek maintains, consists precisely in the overvaluing of belief - in the sense of inner subjective attitude - at the expense of the beliefs we exhibit and externalize in our behavior. So long as we believe (in our hearts) that capitalism is bad, we are free to continue to participate in capitalist exchange. According to Zizek, capitalism in general relies on this structure of disavowal. We believe that money is only a meaningless token of no intrinsic worth, yet we act as if it has a holy value. Moreover, this behavior precisely depends upon the prior disavowal - we are able to fetishize money in our actions only because we have already taken an ironic distance towards money in our heads. — Mark Fisher

This involves a lengthy restatement, in plain language, of the point made in more Hegelian terms in the Grundrisse. The dual nature of commodities, which can be seen as use-values or exchange-values, affects labour too. What is special about labour, though, is that it is the measure of exchange-value. — Anonymous

When a tender affection has been storing itself in us through many of our years, the idea that we could accept any exchange for it seems to be a cheapening of our lives. And we can set a watch over our affections and our constancy as we can over other treasures. — George Eliot

What is it all for? What is the purpose of this activity? And why is it so profitable? Common sense suggests that if a closed circle of people continuously exchange bits of paper with each other, the total value of these bits of paper will not change much, if at all. If some members of that closed circle make extraordinary profits, these profits can only be made at the expense of other members of the same circle. Common sense suggests that this activity leaves the value of the traded assets little changed, and cannot, taken as a whole, make money. What, exactly, is wrong with this common-sense perspective? — John Kay

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

The object of the law of value is to elucidate the actual exchange relations of commodities. — Rudolf Hiferding

Love is a daily, mutual exchange of value. — Denis Waitley

The essence of community, its heart and soul, is the non-monetary exchange of value; things we do and share because we care for others, and for the good of the place. — Dee Hock

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

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

It has drowned the most heavenly ecstasies of religious fervour, of chivalrous enthusiasm, of Philistine sentimentalism, in the icy water of egotistical calculation. It has resolved personal worth into exchange value, and in place of numberless indefeasible chartered freedoms, it has set up that single, unconscionable freedom
free trade. In one word, for exploitation, veiled by religious and political illusions, it has substituted naked, shameless, direct, brutal exploitation. — Karl Marx

A fair deal, as everyone knows, is when both people give something of more or less equal value. If you were bored with laying with your chemistry set, and you gave it to your brother in exchange for his dollhouse, that would be a fair deal. If someone offered to smuggle me out of the country in her sailboat, in exchange for free tickets to an ice show, that would be a fair deal. But working for years in a lumbermill in exchange for the owner's trying to keep Count Olaf away is an enormously unfair deal, and the three youngsters knew it. — Lemony Snicket

If humans are indeed products of a design, is it not wise to make humans selfish? A selfish person safeguards what's important to him and never exchanges it to one with a lesser value. If the salvation of his soul is the most important to him, he will do everything to secure it. An unselfish person who values his soul just as much is ready to exchange his salvation for less. They are self-deniers, right? — H.R. Valderrama

It is not how long you work at some task that determines what you'll receive for it in exchange. It is the value someone else places upon the product or service that determines what it is worth in exchange.


Your "costs" are not important to the other person. He only cares about the value of the product to himself. What he'll pay to get your service is based solely on the value he places upon the object — Harry Browne

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

But there is another case for curating as a vanguard activity for the twenty-first century. As the artist Tino Sehgal has pointed out, modern societies find themselves today in an unprecedented situation: The problem of lack, or scarcity, which has been the primary factor motivating scientific and technological innovation, is now joined and even superseded by the problem of the global effects of overproduction and resource use. Thus, moving beyond the object as the locus of meaning has a further relevance. Selection, presentation, and conversation are ways for human beings to create and exchange real value, without dependence on older, unsustainable processes. Curating can take the lead in pointing us toward this crucial importance of choosing. — John Brockman

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

The rise of monetary exchange leads to socially necessary labor-time becoming the guiding force within a capitalistic mode of production. Therefore, value as socially necessary labor-time is historically specific to the capitalist mode of production. It arises only in a situation where market exchange is doing the requisite job. — David Harvey

To the extent that scarcity of land is natural, and absentee landlord claims are not enforced by the state, economic rent on land is a form of scarcity rent that will prevail under any system. But to the extent that the scarcity is artificial, resulting from government or absentee landlord restrictions on access to vacant land, or landlord rent on those actually occupying and using land, the mutualist contention is that such rent is a deviation from normal exchange-value caused by unequal exchange. Patents, likewise, are such a deviation, being nothing but a monopoly imposed by the state. Such examples, therefore, have no bearing whatsoever on the validity of the labor theory of value. — Anonymous

The jurist is totally unacquainted with the problem of the value of money; he knows nothing of fluctuations in its exchange-value. The naive popular belief in the stability of the value of money has been admitted, with all its obscurity, into the law, and no great historical cause of large and sudden variations in the value of money has ever provided. — Ludwig Von Mises

I think of money only as a medium of exchange. In reality, money by itself has very little value. So as soon as I have money, I want to exchange it for something of real value. The irony is that many people who cling desperately to money spend that money on things of very little value - and that is why they are poor. — Robert T. Kiyosaki

I spent the first years working in Jordan trying to learn as much as I could about what was taking place in the country, about where there were gaps in the development process that needed attention. Inevitably, there were certain common denominators which are fairly common to all developing societies, perhaps to all societies: that quality education be accessible to everyone, not just a limited elite few; the sustainable conservation of natural resources; the full engagement of women in national development; and the value of cross-cultural exchange and understanding to international relations. — Queen Noor Of Jordan

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

Consumers value their personal time and are loyal to those companies that make their lives more productive. Brands gaining some of the biggest successes in social media are engaging with millions of consumers through value exchange. — Jay Samit

But I've never seen a free exchange. A gift is something else. I lived for four years in a society without currency, and I never felt that the absence of money made injustice easier to bear. And I can't forget that the very idea of value had disappeared. Nothing could be estimated, or esteemed, anymore - not human life or anything else. But to assess something, to evaluate it, doesn't necessarily mean to have contempt for it or to destroy it. Nothing — Rithy Panh

Exchange value forms the substance of money, and exchange value is wealth. — Karl Marx

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

If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange. — Paul Singer

The full consequences of a default or even the serious prospect of default by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and on the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the cost, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns. — Ronald Reagan

THE LOCARD EXCHANGE PRINCIPLE Wherever he steps, whatever he touches, whatever he leaves, even unconsciously, will serve as a silent witness against him. Not only his fingerprints or his footprints, but his hair, the fibers from his clothes, the glass he breaks, the tool mark he leaves, the paint he scratches, the blood or semen he deposits or collects. All of these and more, bear mute witness against him. This is evidence that does not forget. It is not confused by the excitement of the moment. It is not absent because human witnesses are. It is factual evidence. Physical evidence cannot be wrong, it cannot perjure itself, it cannot be wholly absent. Only human failure to find it, study and understand it, can diminish its value. - Edmund Locard — D.P. Lyle

The natural man lives for himself; he is the unit, the whole, dependent only on himself and on his like. The citizen is but the numerator of a fraction, whose value depends on its denominator; his value depends upon the whole, that is, on the community. Good social institutions are those best fitted to make a man unnatural, to exchange his independence for dependence, to merge the unit in the group, so that he no longer regards himself as one, but as a part of the whole, and is only conscious of the common life. — Jean-Jacques Rousseau

Value manifests itself as exchange value, as a quantitatively determined relationship, in virtue of the fact that one commodity can be exchanged for another. — Rudolf Hiferding

The bank transforms itself from an agent of debt to a catalyst for distribution and circulation. Like money in a digital age, it becomes less a thing of value in itself than a way of fostering the value creation and exchange of others. Less a noun than a verb. — Douglas Rushkoff

Before you start feeling bad about yourself for your debt, this would be a good moment to remind yourself that money doesn't exist--it's just a system of value exchange. That's it. Pure and simple. So, if you have debt, you've received value and you've not given the equivalent value back to the particular party in the exchange yet. That's all it means. It doesn't mean you're a bad person. It doesn't mean you're a screwup. You're not hopeless. You're not a mess. You simply have more value to give. — Kate Northrup

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

Value denotes a relation reciprocally existing between two objects, and the precise relation which it denotes is the quantity of the one which can be obtained in exchange for a given quantity of the other. — Nassau William Senior

The central element in the economic problem of money is the objective exchange-value of money, popularly called its purchasing power. — Ludwig Von Mises

In symbolic exchange, of which the gift is our most proximate illustration, the object is not an object: it is inseparable from the concrete relation in which it is exchanged, the transferential pact that it seals between two persons: it is thus not independent as such. It has, properly speaking, neither use value nor (economic) exchange value. The object given has symbolic exchange value. — Jean Baudrillard

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

The music of the soul is also the music of salesmanship. Exchange value, not truth value counts. On it centers the rationality of the status quo, and all alien rationality is bent to It. — Herbert Marcuse

ARE YOU LIVING THE LIFE THAT YOUR MAKER INTENDED?
Does your life lack the flavor, the crackle, the intensity you've hoped for?
Daily, we find ourselves bombarded by a thousand recommendations for extending the duration of our lives - exercise three times weekly! smoke in moderation! exchange sugar for saccharine! - but the truth is that time does not gain value by accruing. Time acquires value by being "spent," and spent freely. The longest life is not always the best one; in the marjority of cases, just the opposite.
If you are, in fact, living the life that your maker intended - it may be time to seek another maker. — John Wray

Lyotard addresses... in Postmodern Fables... [that] ideas of difference, alterity and multiculturalism have become nothing more than streams of cultural capital, streams which themselves fashion, and are fashioned by, the demands of the global market. Hence, the following irony: 'What cultural capitalism has found is the marketplace of singularities'. The result of this discovery, which even reduces the 'postmodern' celebration of difference or otherness to a marketable strategy, is that ideas are stripped of their intrinsic value (value-rationality) and are judged by their value as commodities. This leads to the production of thought that is itself devoid of difference, for streams of cultural capital 'must all go in the right direction' and 'must converge'. Global capitalism, while appearing to affirm the potentiality of cultural differentiation, in fact subordinates difference and alterity to an instrumental logic of exchange, performance and control. — Nicholas Gane

Synthetic Worlds is a surprisingly profound book about the social, political, and economic issues arising from the emergence of vast multiplayer games on the Internet. What Castronova has realized is that these games, where players contribute considerable labor in exchange for things they value, are not merely like real economies, they are real economies, displaying inflation, fraud, Chinese sweatshops, and some surprising in-game innovations. — Tim Harford

Beauty without wit offers love nothing but the material enjoyment of its physical charms, whilst witty ugliness captivates by the charms of the mind, and at last fulfills all the desires of the man it has captivated ...
Let anyone ask a beautiful woman without wit whether she would be willing to exchange a small portion of her beauty for a sufficient dose of wit. If she speaks the truth, she will say, "No, I am satisfied to be as I am." But why is she satisfied? Because she is not aware of her own deficiency. Let an ugly but witty woman be asked if she would change her wit against beauty, and she will not hesitate in saying no. Why? Because, knowing the value of her wit, she is well aware that it is sufficient by itself to make her a queen in any society. — Giacomo Casanova

Even if index numbers cannot fulfill the demands that theory has to make, they can still, in spite of their fundamental shortcomings and the inexactness of the methods by which they are actually determined, perform useful workaday services for the politician. If we have no other aim in view than the comparison of points of time that lie close to one another, then the errors that are involved in every method of calculating numbers may be so far ignored as to allow us to draw certain rough conclusions from them. Thus, for example, it becomes possible to a certain extent to span the temporal gap that lies, in a period of variation in the value of money, between movements of Stock Exchange rates and movements of the purchasing power that is expressed in the prices of commodities. — Ludwig Von Mises

We have become a sloppy bunch of people. We say things we don't mean. We make promises we don't keep. "I'll call you." "Let's get together." We know we won't. On the Human Interaction Stock Exchange, our words have lost almost all their value. And the spiral continues, as we now don't even expect people to keep their word; in fact we might even be embarrassed to point out to the dirty liar that they never did what they said they'd do. So if a guy you're dating doesn't call when he says he's doing to, why should that be such a big deal? Because you should be dating a man who's at least as good as his word. — Greg Behrendt

As use-values, commodities differ above all in quality, while as exchange-values they can only differ in quantity, and therefore do not contain an atom of use-value. — Karl Marx

Well, I make a practice of not commenting on the role of the relative exchange value of our currency. — John W. Snow

For when the Law of Price declares that a good actually commands a particular price, and explains why it does so, it of course implies that the good is able to command this price, and explains why it is able to do so. The Law of Price comprehends the Law of Exchange-Value. — Ludwig Von Mises

Oikonomia is the science or art of efficiently producing, distributing, and maintaining concrete use values for the household and community over the long run. Chrematistics is the art of maximizing the accumulation by individuals of abstract exchange value in the form of money in the short run. — Wendell Berry

The key to entering into the Divine Exchange is never our worthiness but always God's graciousness. Any attempt to measure or increase our worthiness will always fall short, or it will force us into the position of denial and pretend, which produces the constant perception of hypocrisy in religious people.
To switch to an "economy of grace" is a switch that is very hard for humans to make. We base almost everything in human culture on achievement, performance, accomplishment, an equal exchange value, or some kind of worthiness gauge. I call it meritocracy. Unless one personally experiences a dramatic and personal breaking of the rules of merit (forgiveness or undeserved goodness), it is almost impossible to disbelieve or operate outside of its rigid logic. This cannot happen theoretically or abstractly. It cannot happen "out there" but must be known personally "in here. — Richard Rohr

The doctrine of the importance of hoards for stabilizing the objective exchange-value of money has gradually lost its adherents with the passing of time. Nowadays its supporters are few. — Ludwig Von Mises

That policy which aims at raising the objective exchange-value of money is called, after the most important means at its disposal, restrictionism or deflationism. This nomenclature does not really embrace all the policies that aim at an increase in the value of money. The aim of restrictionism may also be attained by not increasing the quantity of money when the demand for it increases, or by not increasing it enough. This method has quite often been adopted as a way of increasing the value of money in face of the problems of a depreciated credit-money standard. — Ludwig Von Mises

Whatever the trend in exchange rates or whatever the external factors, a manufacturing company is always faced with the mission of transforming itself into a company that can produce higher value-added to absorb the increase in the cost of living in the country it's operating in. — Fujio Mitarai

The millennial generation and a growing number of employees are looking for more than just a paycheck. If a nonprofit could make that easy for me, they are doing me a favor. It's not just a one-way value exchange; it is an internal morale building opportunity. — Gerald Chertavian

It is no more appropriate to speak of a difference between the purchasing power of money in Germany and in Austria than it would be justifiable to conclude from differences between the prices charged by hotels on the peaks and in the valleys of the Alps that the objective exchange-value of money is different in the two situations and to formulate some such proposition as that the purchasing power of money varies inversely with the height above sea-level. The purchasing power of money is the same everywhere; only the commodities offered are not the same. — Ludwig Von Mises

The distinction between "paid labor" and "housework" implied in working-class men's yearning for the domestic ideal persisted in later-nineteenth-century analyses of women's unpaid labor and was eventually replicated in Capital. Because wives' work was laregely unpaid, and because husbands came to the marketplace as the "possessors" of their wives' labor, Marx did not address the role of housework in the labor exchange that led to surplus value. Neither did he attend to the dynamics that permitted the husband to lay claim, in the price of his own labor, to the value of his wife's work. — Jeanne Boydston

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

We need the value and the beauty of democracy, and the beauty of pluralism is there's a free exchange of ideas. Nobody is right all the time. I'm not right all the time. I don't agree with anybody all the time, and I don't even agree with myself all the time. — Rick Warren

Time is priceless. Spend it with people you have high value and energy exchange rates with. — Amy Jo Martin

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

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

Less and less frequently do we encounter people with the ability to tell a tale properly. More and more often there is embarrassment all around when the wish to hear a story is expressed. It is as if something that seemed inalienable to us, the securest among our possessions, were taken from us: the ability to exchange our experiences ... Experience has fallen in value. And it looks as if it is continuing to fall into bottomlessness. — Walter Benjamin

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

We don't go further than what Marx called the exchange value of the actual object- we don't think about the relations that that object embodies- and were important to the production of that object, whether it's our food or our clothes or our iPads or all the materials we use to acquire an education at an institution like this. That would really be revolutionary to develop a habit of imagining the human relations and non-human relations behind all of the objects that constitute our environment. — Angela Davis

Good will, that curious product of consciousness, of leisure and energy to spare and share. That thing we put out against the forces of interest. That extra thing. Religions and nations and political parties have taken it and used it as coinage, have said you must only give it in exchange for value. — Naomi Mitchison

All humans possess a built-in motivation to stay away from people with low or negative social value. In contrast, we may vastly improve our chances for survival and replication if we proactively seek out and form partnerships, both sexual and nonsexual, with those who offer us a high survival-and-replication value ... we are hardwired to seek alignment with them.
We may draw value from other people by influencing them to help us, but in a fair exchange, we must work to improve their chances as well. If one were to take too much from the other person, he or she would lower the other's chances of survival and replication. — Mystery

We have made it possible, without gold and without foreign exchange, to maintain the value of the German mark. Behind the German mark stands the German capacity for work, while some foreign countries, suffocated by gold, have been compelled to devalue their currencies. — Adolf Hitler

If the view is correct, then humanity misses the opportunity to exchange truth for error. If, however, the view is misguided, then we forfeit an opportunity to reinforce truth through its collision with error. Every opinion has value for us either because it is true, or else because, though false, it reinforces the truth and contributes to its emergence. — Nigel Warburton

I've never been in a 'Twitter fight,' though I've witnessed my fair share. I do enjoy vigorous and informed debate, but the benefit is lost when the exchange becomes a series of petty ad hominem attacks. I don't see much value in it. — James G. Stavridis

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