In Commodities Quotes & Sayings

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

Our freedom of choice in a competitive society rests on the fact that, if one person refuses to satisfy our wishes, we can turn to another. But if we face a monopolist we are at his absolute mercy. And an authority directing the whole economic system of the country would be the most powerful monopolist conceivable ... it would have complete power to decide what we are to be given and on what terms. It would not only decide what commodities and services were to be available and in what quantities; it would be able to direct their distributions between persons to any degree it liked. — Friedrich Hayek

Unless the fundamental categories of economics such as 'property' were to be redefined in a radically personal way the liberal rationalist curse which had established economics as a scientific discipline cut off from human interests would proliferate. Economic models ... have failed to incorporate any meaningful index of individual benefit other than the original utilitarian one, ... the index of increasing income or an increasing flow of commodities. — John Carroll

The people recognize themselves in their commodities; they find their soul in their automobile, hi-fi set, split-level home, kitchen equipment. — Herbert Marcuse

No extension of foreign trade will immediately increase the amount of value in a country, although it will very powerfully contribute to increase the mass of commodities and therefore the sum of enjoyments. — David Ricardo

While foreign competitors, French or Japanese or German, merrily bid for contracts abroad, American companies find themselves tangled in a web of legislation designed to express disapproval, block trade in certain commodities, or perhaps deny resources to disfavored or hostile regimes. — Elliott Abrams

Opinions are the cheapest commodities on earth. Everyone has a flock of opinions ready to be wished upon anyone who will accept them. If you are influenced by "opinions" when you reach DECISIONS, you will not succeed in any undertaking. — Napoleon Hill

The World is currently facing a confluence of mounting shortages in three commodities essential to the continuance of human life on this planet: water, energy, and food. Those three elements combine into something much greater than the sum of its parts, a looming global disaster by 2030. By 2030 the demand for water will increase by 30 percent, while demands for both energy and food will shoot up 50 percent. All this will be driven by a global population increase to about 8 billion people, placing tremendous stress on our highly industrialized global food system. — John L. Casti

The geographical movement of money and commodities as capital is not the same as the movements of products and of precious metals. Capital is, after all, money used in a certain way, and is by no means identical with all money uses. — David Harvey

To succeed in business, you must build a brand and never destroy it. One competitive advantage I had when I ventured into manufacturing was my brand "Dangote," which I diligently built in the course of my trading commodities. — Aliko Dangote

We hardly need to be reminded that we are living in an age of confusion - a lot of us have traded in our beliefs for bitterness and cynicism or for a heavy package of despair, or even a quivering portion of hysteria. Opinions can be picked up cheap in the market place while such commodities as courage and fortitude and faith are in alarmingly short supply. — Edward R. Murrow

For it is the very commodities selected for maximum price-fixing that the regulators most want to keep in abundant supply. But when they limit the wages and the profits of those who make these commodities, without also limiting the wages and profits of those who make luxuries or semiluxuries, they discourage the production of the price-controlled necessities while they relatively stimulate the production of less essential goods. — Henry Hazlitt

Every wise, just, and mild government, by rendering the condition of its subjects easy and secure, will always abound most in people, as well as in commodities and riches. — David Hume

The values of commodities are directly as the times of labor employed in their production, and are inversely as the productive powers of the labor employed. — Karl Marx

Many tradesmen export their best commodities
the Christian should not. He should have all his conversation everywhere of the best savour; but let him have a care to put forth the sweetest fruit of spiritual life and testimony in his own family. — Charles Haddon Spurgeon

I do not think commodities are taken for granted. One of the convergences in time I noticed, and to me seemed very important, was the emergence of paper money. There had been permissionary notes, exchanging money by writing it, but there was no duplicated form of guaranteeing an exchange. — Marina Warner

Local differences in the prices of commodities whose natures are technologically identical are to be explained on the one hand by differences in the cost of preparing them for consumption (expenses of transport, cost of retailing etc.) and on the other hand by the physical and legal obstacles that restrict the mobility of commodities and human beings. — Ludwig Von Mises

Historically, there has been a bull market in commodities every 20 or 30 years. — Jim Rogers

One way was Taylorism. Frederick W. Taylor had been a steel company foreman who closely analyzed every job in the mill, and worked out a system of finely detailed division of labor, increased mechanization, and piecework wage systems, to increase production and profits. In 1911, he published a book on "scientific management" that became powerfully influential in the business world. Now management could control every detail of the worker's energy and time in the factory. As Harry Braverman said (Labor and Monopoly Capital), the purpose of Taylorism was to make workers interchangeable, able to do the simple tasks that the new division of labor required - like standard parts divested of individuality and humanity, bought and sold as commodities. — Howard Zinn

One of the cheapest commodities in the world is unfulfilled genius. All of us want to be known as a unique individual, the one who broke out of the pack. So, you offer yourself up as a sacrifice and what you're afraid of is losing and being thrown back into the pack. One question taunts you. Do you want to have, or do you want to be? — Leon Uris

And I see a lot of us, the producers, who write the books and make the books, accepting this
letting commodity profiteers sell us like deodorant, and tell us what to publish, what to write.
Books aren't just commodities; the profit motive is often in conflict with the aims of art. We live in capitalism. Its power seems inescapable
but then, so did the divine right of kings. Any human power can be resisted and changed by human beings. Resistance and change often begin in art. Very often in our art, the art of words. — Ursula K. Le Guin

According to the media and other stock market "experts," the equities bull is forever hiding just around that next corner on Wall Street. But millions of investors who listened to the experts back in 1998-2001 about "the New Economy" get hammered in the stock market and are still trying to get back to even.
The smart investor looks for opportunities to acquire value on the cheap, with one eye out for a dynamic change in the offing that might make that investment even more valuable. — Jim Rogers

It is obvious, moreover, that the formation of price in capitalist society must differ from the formation of price in social conditions based upon the simple production of commodities. — Rudolf Hiferding

Coal, in truth, stands not beside but entirely above all other commodities. It is the material energy of the country - the universal aid - the factor in everything we do." - William Stanley Jevons, economist, 1865 — Naomi Klein

Tragically, one of the rarest commodities in our culture is empathy. People are hungry for empathy, They don't know how to ask for it. — Marshall B. Rosenberg

I think the whole progress over the last two or three millennia has been entirely dependent on ideas and techniques and commodities and people moving from one part of the world to another. It seems difficult to take an anti-globalization view if one takes globalization properly in its full sense. — Amartya Sen

Modernism isn't a design ethos any more, it's an economy of scale, and a marketing tool to sell the ordinary as something special, the sexless as erotic. A technological device without a specific, personalized identity has a subtext: it asserts the value of instrumentality. Its design is a reflection of its role ... The anonymity of these objects is part of what they are: interchangeable commodities whose uniqueness in so far as they possess any is created by what is done with them. Function is an identity. And that identity is something we are encouraged to incorporate into our perception of self, that anonymity is proposed as something to emulate. Whimsy and uniqueness are indulgences. — Nick Harkaway

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

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

Neither machines, nor the commodities made by them, rise in real value, but all commodities made by machines fall, and fall in proportion to their durability. — David Ricardo

Gold, unlike all other commodities, is a currency ... and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating. — Alan Greenspan

To believe that the intolerable crime is to burn a few cars and rob some shops, whereas to kill a young man is trivial, is typically in keeping with what Marx regarded as the principal alienation of capitalism: the primacy of things over existence, of commodities over life and machines over workers — Alain Badiou

Utility is a metaphysical concept of impregnable circularity; utility is the quality in commodities that makes individuals want to buy them, and the fact that individuals want to buy commodities shows that they have utility. — Joan Robinson

Welfare bureaucracies claim a professional, political, and financial monopoly over the social imagination, setting standards of what is valuable and what is feasible. This monopoly is at the root of the modernization of poverty. Every simple need to which an institutional answer is found permits the invention of a new class of poor and a new definition of poverty. Once basic needs have been translated by a society into demands for scientifically produced commodities, poverty is defined by standards which the technocrats can change at will. Poverty then refers to those who have fallen behind an advertised ideal of consumption in some important respect. — Ivan Illich

As discussed earlier, humans who lack the reflective self-awareness of normal adults, such as those with particular forms of amnesia or very young children or those with certain mental disabilities, still are self-aware and still have an interest in continuing to live. There may, of course, be a difference between the self-awareness of normal adult humans and that of other animals. But even if that is the case, it does not mean that the latter have no interest in continuing to live, and it does not justify treating the latter as commodities. Singer begs the question from the outset by maintaining — Gary L. Francione

Social Ecology:
The notion that man must dominate nature emerges directly from the domination of man by man ... But it was not until organic community relation ... dissolved into market relationships that the planet itself was reduced to a resource for exploitation. This centuries-long tendency finds its most exacerbating development in modern capitalism. Owing to its inherently competitive nature, bourgeois society not only pits humans against each other, it also pits the mass of humanity against the natural world. Just as men are converted into commodities, so every aspect of nature is converted into a commodity, a resource to be manufactured and merchandised wantonly. ... The plundering of the human spirit by the market place is paralleled by the plundering of the earth by capital. — Murray Bookchin

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

In reality, the laborer belongs to capital before he has sold himself to capital. His economic bondage is both brought about and concealed by the periodic sale of himself, by his change of masters, and by the oscillation in the market price of labor power. Capitalist production, therefore, under its aspect of a continuous connected process, of a process of reproduction, produces not only commodities, not only surplus value, but it also produces and reproduces the capitalist relation; on the one side the capitalist, on the other the wage-laborer. — Karl Marx

Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them. — David Ricardo

Every given commodity fights for itself, cannot acknowledge the others, and attempts to impose itself everywhere as if it were the only one. The spectacle, then is the epic poem of this struggle, an epic which cannot be concluded by the fall of any Troy. The spectacle does not sign the praises of men and their weapons, but of commodities and their passions. In this blind struggle every commodity, pursuing its passion, unconsciously realizes something higher: the becoming-world of the commodity, which is also the becoming-commodity of the world. Thus, by means of a ruse of commodity logic, what's specific in the commodity wears itself out in the fight while the commodity-form moves toward its absolute realization. — Guy Debord

By 'consumer society', I mean one in which commodities are increasingly used to express the core values of that society but also become the principal form through which people come to see, recognise and understand those values. — Daniel Miller

Warmth, kindness, and friendship are the most yearned for commodities in the world. The person who can provide them will never be lonely. — Ann Landers

With such enormous bucks devoted to trading in oil and other commodities, the distortions that they cause have been exacerbated. — Gary Weiss

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

The iPod has taken away the whole platinum record sales prospect. Sincerity and specificity are going to be the hot commodities in music. Everybody can have anything that they want, so now it gets into what specifically you have to give. — Eric Lewis

In money-lenders' capital the form M-C-M is reduced to the two extremes without a mean, M-M , money exchanged for more money, a form that is incompatible with the nature of money, and therefore remains inexplicable from the standpoint of the circulation of commodities. Hence Aristotle: since chrematistic is a double science, one part belonging to commerce, the other to economic, the latter being necessary and praiseworthy, the former based on circulation and with justice disapproved (for it is not based on Nature, but on mutual cheating), therefore the usurer is most rightly hated, because money itself is the source of his gain, and is not used for the purposes for which it was invented. — Karl Marx

Let's share our abundance and make our country stronger. We can encourage programs that collect and distribute excess prepared food to local organizations that are helping the hungry in our own communities. We can also support programs that supply commodities to food banks. It's all part of committing our country's wealth and resources to end childhood hunger. — John Travolta

In the present season of scarcity, the high price of corn no doubt distresses the poor. But in times of moderate plenty, when corn is at its ordinary or average price, the natural rise in the price of any other sort of rude produce cannot much affect them. They suffer more, perhaps, by the artificial rise which has been occasioned by taxes in the price of some manufactured commodities, as of salt, soap, leather, candles, malt, beer, ale, etc. — Adam Smith

How reprehensible it is when those blessed with commodities insist on ignoring the poor. Better to torment them, force them into indentured servitude, inflict compulsion and blows - this at least produces a connection, fury and a pounding heart, and these too constitute a form of relationship. But to cower in elegant homes behind golden garden gates, fearful lest the breath of warm humankind touch you, unable to indulge in extravagances for fear they might be glimpsed by the embittered oppressed, to oppress and yet lack the courage to show yourself as an oppressor, even to fear the ones you are oppressing, feeling ill at ease in your own wealth and begrudging others their ease, to resort to disagreeable weapons that require neither true audacity nor manly courage, to have money, but only money, without splendor: That's what things look like in our cities at present — Robert Walser

The current demand for marijuana and pornography is deeply revealing. Here are two commodities that Americans publicly abhor, privately adore, and buy in astonishing amounts. — Eric Schlosser

Credit expansion results in the recurrence of economic crisis and periods of depression. Inflation makes the prices of all commodities and services soar. The attempts to enforce wage rates higher than those the unhampered market would have determined produce mass unemployment prolonged year after year. Price ceilings result in a drop in the supply of commodities affected. The economists have proved these theorems in an irrefutable way. No — Ludwig Von Mises

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

Electrical fire and the fire of greed kindle economies. In that flux, nations become digitized commodities on stock-exchange floors and on investors' rating screens. A country becomes a product to be rated for its obedience to paying of deficits and debts. — B.W. Powe

Beneath the dream of fame, another dream, a dream of no longer dissolving and staying dissolved in the grey, faceless and insipid mass of commodities, a dream of turning into a notable, noticed and coveted commodity, a talked about commodity, a commodity standing out from the mass of commodities, a commodity impossible to overlook, to deride, to be dismissed. In a society of consumers, turning into a desirable commodity is the stuff of which dreams, and fairy tales, are made. — Zygmunt Bauman

IT is no accident that Marx should have begun with an analysis of commodities when, in the two great works of his mature period, he set out to portray capitalist society in its totality and to lay bare its fundamental nature. For at this stage in the history of mankind there is no problem that does not ultimately lead back to that question and there is no solution that could not be found in the solution to the riddle of commodity-structure. — Gyorgy Lukacs

Let's embrace productive capitalism, not casino capitalism, by restoring transparency and true competition in the commodities markets. — Maria Cantwell

I don't think you should invest in commodities. Eddie Murphy made it seem risky in Trading Places. — Eugene Mirman

It has therefore been justly observed that however honestly the coin of a country may conform to its standard, money made of gold and silver is still liable to fluctuations in value, not only to accidental, and temporary, but to permanent and natural variations, in the same manner as other commodities. — David Ricardo

In theory, everybody buys the best and cheapest commodities offered to him on the market. In practice, if every one went around pricing, and chemically testing before purchasing, the dozens of soaps or fabrics or brands of bread which are for sale, economic life would become hopelessly jammed. — Edward Bernays

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

Bicycling beyond the Divide did what all great books do: it told me about me. In its tale of a journey made by two different men-both of them Daryl Farmer-this book offers us not only moving vistas and meaningful people, but also hope, that rarest of literary commodities these days. I didn't want this to end. — Bret Lott

Yet I do seriously and on good grounds affirm it possible to make a flying chariot in which a man may sit and give such a motion unto it as shall convey him through the air. And this perhaps might be made large enough to carry divers men at the same time, together with food for their viaticum and commodities for traffic. — John Wilkins

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

It is my belief ... that the talents every child has, regardless of his official 'I.Q,' could stay with him through life, to enrich him and everybody else, if these talents were not regarded as commodities with a value in the success-stakes. — Doris Lessing

Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. It is their real price; money is their nominal price only. — Adam Smith

But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed. — David Ricardo

What is the free market? Well, the free market, [we're told] is really a terrible, inhuman kind of arrangement, because it treats people like commodities. But how does the government treat people? Like garbage-worse than garbage. Not like commodities, but like nothing. We libertarians understand that we are not humane, we are not compassionate. It's the leftists and the liberals, they're the ones who are human and compassionate, but you'd better not get in their way. — Ralph Raico

Bourgeois political economy ... never gets to see man who is its real subject. It disregards the essence of man and his history and is thus in the profoundest sense not a 'science of people' but of non-people and of an inhuman world of objects and commodities. — Herbert Marcuse

Over time, there's a very close correlation between what happens to the dollar and what happens to the price of oil. When the dollar gets week, the price of oil, which, as you know, and other commodities are denominated in dollars, they go up. We saw it in the '70s, when the dollar was savagely weakened. — Steve Forbes

If the gains from trade in commodities are substantial, they are small compared to trade in ideas — David Landes

The positive aspect of my negative view is essentially that you shouldn't own cash and government bonds, but you should be in assets like real estate or equities or precious metals or in commodities. — Marc Faber

The facility of obtaining food is beneficial in two ways to the owners of capital, it at the same time raises profits and increases the amount of consumable commodities. — David Ricardo

About these developments George Orwell, in Nineteen Eighty-Four , was quite wrong. He described a new kind of state and police tyranny, under which the freedom of speech has become a deadly danger, science and its applications have regressed, horses are again plowing untilled fields, food and even sex have become scarce and forbidden commodities: a new kind of totalitarian puritanism, in short. But the very opposite has been happening. The fields are plowed not by horses but by monstrous machines, and made artificially fertile through sometimes poisonous chemicals; supermarkets are awash with luxuries, oranges, chocolates; travel is hardly restricted while mass tourism desecrates and destroys more and more of the world; free speech is not at all endangered but means less and less. — John Lukacs

Fairness means not to use fraud and trickery in the exchange of commodities and services and the exchange of feelings. — Erich Fromm

The Sabbath rest of God is the acknowledgment that God and God's people in the world are not commodities to be dispatched for endless production and so dispatched, as we used to say, as "hands" in the service of a command economy. Rather they are subjects situated in an economy of neighborliness. All of that is implicit in the reality and exhibit of divine rest. — Walter Brueggemann

Byproduct of the circulation of commodities, human circulation considered as a form of consumption, tourism comes down fundamentally to the freedom to go and see what has become banal. The economic planning of the frequenting of different places is already in itself the guarantee of their equivalence. The same modernization that has withdrawn the element of time from journeying, has also withdrawn the reality of space. — Tom McDonough

Sisterhood is powerful. Woman can support each other as women, in their pursuit for enlightenment or anything else, without fear. But as long as she's still in the commodities exchange market, buying and selling, she must fear the competition. — Frederick Lenz

The bourgeoisie, by the rapid improvement of all instruments of production, by the immensely facilitated means of communication, draws all, even the most barbarian, nations into civilization. The cheap prices of its commodities are the heavy artillery with which it batters down all Chinese walls, with which it forces the barbarians' intensely obstinate hatred of foreigners to capitulate. It compels all nations, on pain of extinction, to adopt the bourgeois mode of production; it compels them to introduce what it calls civilization into their midst, i.e., to become bourgeois themselves. In one word, it creates a world after its own image. — Karl Marx

Millions of our fellow human beings continue to live as contemporary slaves, victims of abominable practices like human trafficking, forced labour and sexual exploitation. Countless children are forced to become soldiers, work in sweat shops or are sold by desperate families. Women are brutalized and traded like commodities. Entire households and villages labour under debt bondage. — Ban Ki-moon

Robots can now milk cows. Oil prices have fallen globally, meaning both the petro-states and those indirectly propped up by them are weakened. At the same time, slower growth in China has lately shrunk its voracious appetite for African, Australian, and Latin American commodities. China accounted for more than a third of global growth in recent years, and its growth engine multiplied the growth of many of the countries that exported raw materials to Beijing. That has slowed. China's total debt has grown from roughly 150 percent of its GDP in 2007 to around 240 percent today - a massive increase in one decade that is dampening its growth and its imports and shrinking China's wallet for foreign aid and investment in African and Latin American commodity-exporting countries. In — Thomas L. Friedman

These are the lords
That have bought titles: men may merchandise
Wares, ay and traffic in all commodities
From sea to sea, and from shore to shore:
But in my thought, of all things that are sold,
'Tis pity honor should be bought for gold:
It cuts off all desert. — Eliza Haywood

The government desires to purchase; it desires to use the market, not to disorganize it. But the officially-fixed price does disorganize the market in which commodities and services are bought and sold for money. Commerce, so far as it is able, seeks relief in other ways. It re-develops a system of direct exchange, in which commodities and services are exchanged without the instrumentality of money. Those who are forced to dispose of commodities and services at the fixed prices do not dispose of them to everybody, but merely to those to whom they wish to do a favour. Would-be purchasers wait in long queues in order to snap up what they can get before it is too late; they race breathlessly from shop to shop, hoping to find one that is not yet sold out. — Ludwig Von Mises

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

Let us now leave the example of the isolated State and turn our attention to the international movements that arise from a fall in the value of money due to an increase in its amount. Here, again, the process is the same. There is no increase in the available stock of goods; only its distribution is altered. The country in which the new mines are situated and the countries that deal directly with it have their position bettered by the fact that they are still able to buy commodities from other countries at the old lower prices at a time when depreciation at home has already occurred. Those countries that are the last to be reached by the new stream of money are those which must ultimately bear the cost of the increased welfare of the other countries. — Ludwig Von Mises

It is only the expression of equivalence between different sorts of commodities which brings to view the specific character of value-creating labour, by actually reducing the different kinds of labour embedded in the different kinds of commodity to their common quality of being human labour in general. (142) — David Harvey

It is not clear who will bring to the Whitehouse those useful commodities of vivid language, a sense of history and most important - a sense of humour, but Johnson himself will provide many other attributes. He is effective precisely because he is so determined, industrious, personal and even humourless, particularly in dealing with Congress. ( ... ) Kennedy had a detached and even donnish willingness to grant a merit in the other fellow's argument. Johnson is not so inclined to retreat and grants nothing in an argument, not even equal time. Ask not what you have done for Lyndon Johnson, but what you have done for him lately. This may not be the most attractive quality of the new administration but it works. The lovers of style are not too happy with the new administration, but the lovers of substance are not complaining. — Robert A. Caro

Salt is so common, so easy to obtain, and so inexpensive that we have forgotten that from the beginning of civilization until about 100 years ago, salt was one of the most sought-after commodities in human history. — Mark Kurlansky

A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures. The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate. — Adam Smith

To maximise output, every organisation will strive to obtain its necessary raw materials, labour and machinery at the lowest possible cost and combine them to turn out a product that it will then attempt to sell at the highest possible price ... And yet, troublingly, there is one difference between 'labour' and other commodities, a difference that conventional economics does not have a means of representing or giving weight to but that is nevertheless unavoidably present in the world: that labour feels pain. — Alain De Botton

When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser's country, since these are of value only in the country of issue. — Carroll Quigley

Axiom: that illness isn't productive. In itself, it generates no commodities and therefore no money. Although it's an excuse for a lot of activity, all it really does moneywise is cause wealth to flow from the sick to the well. From patients to doctors, from clients to cure-peddlers. Money osmosis, you might call it. — Margaret Atwood

If the world economy is going to revive, I believe commodities
are going to lead it back up. If the world economy is not going to
revive, commodities are still the place to be - especially with governments
printing so much money. Look at the 1970s. The world
economy was in the tank, but commodities did very well. — Ziad K. Abdelnour

Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size ... If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders. — Ludwig Von Mises

In a world of increasing interdependence, energy security will depend much on how countries manage their relations with one another. That is why energy security will be one of the main challenges of foreign policy in the years ahead. Oil and gas have always been political commodities. — Daniel Yergin

As a rule, however, an increase in the value of money spreads only gradually. The first of those who have to content themselves with lower prices than before for the commodities they sell, while they still have to pay the old higher prices for the commodities they buy, are those who are injured by the increase in the value of money. Those, however, who are the last to have to reduce the prices of the commodities they sell, and have meanwhile been able to take advantage of the fall in the prices of other things, are those who profit by the change. — Ludwig Von Mises

Our rulers will best promote the improvement of the nation by strictly confining themselves to their own legitimate duties, by leaving capital to find its most lucrative course, commodities their fair price, industry and intelligence their natural reward, idleness and folly their natural punishment, by maintaining peace, by defending property, by diminishing the price of law, and by observing strict economy in every department of the state. Let the Government do this: the People will assuredly do the rest. — Thomas B. Macaulay

In the professional world of leadership ambition and potential are the most excessive commodities. — Noel DeJesus

John Locke, called the Father of Liberalism, made the argument that the individual instead of the community was the foundation of society. He believed that government existed by the consent of the governed, not by divine right. But the reason government is necessary is to defend private property, to keep people from stealing from each other. This idea appealed to the wealthy for an obvious reason: they wanted to keep their wealth. From the perspective of the poor, things look decidedly different. The rich are able to accumulate wealth by taking the labor of the poor and by turning the commons into privately owned commodities; therefore, defending the accumulation of wealth in a system that has no other moral constraints is in effect defending theft, not protecting against it. — Lierre Keith

Children are not simply commodities to be herded into line and trained for the jobs that white people who live in segregated neighborhoods have available. — Jonathan Kozol

The entrepreneur who is reckoning in terms of a currency with a stable value is unable to compete with the entrepreneur who is prepared to make a quasi-gift of part of his capital to his customers. In 1920 and 1921, Dutch traders who had sold commodities to Austria could buy them back again after a while much cheaper than they had originally sold them, because the Austrian traders completely failed to see that they were selling them for less than they had cost. — Ludwig Von Mises