Quotes & Sayings About Relative Value

Value is relative," said the saint. "A man with his house on fire and a man dying of thirst each place a different value on a glass of water. — Jonathan Maberry

Benny Anger: What's up, doc?
Doc Manhattan: "Up" is a relative concept; it has no intrinsic value. — Alan Moore

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

Well, suppose we use our brains. We see things solid. Solidities are important to us in nature. In solidities, there are measures that greatly affect us. There are rhythms in the ins and outs of form. Music, the forest and to many the most impressive of arts deals in measures which seem to go in every direction. They combine, they move together, they deflect and they oppose. Music is a structure of highly mathematical measures. According to the selection and relative value of these measures the music is great or small in its effect on us. — Robert Henri

Value gives the artist the means of showing subtle changes in a form's surface-state, and it helps clarify the relative distance between forms. — Nathan Goldstein

Its [the anthropological method] power to make us understand the roots from which our civilization has sprung, that it impresses us with the relative value of all forms of culture, and thus serves as a check to an exaggerated valuation of the standpoint of our own period, which we are only too liable to consider the ultimate goal of human evolution, thus depriving ourselves of the benefits to be gained from the teachings of other cultures and hindering an objective criticism of our own work. — Franz Boas

A commodity has a value because it is a crystallization of social labor. The greatness of its value, or its relative value, depends upon the greater or less amount of that social substance contained in it; that is to say, on the relative mass of labor necessary for its production. — Karl Marx

Money is not a part of the visible sector of the economy; people do not consume money. Money is not a physical factor of production, but rather a yardstick for measuring economic input, economic outtake and the relative values of the real goods and services of the economic world. Money provides a method of measuring obligations, rights, powers and privileges. It provides a means whereby certain individuals can accumulate claims against others, or against the economy as a whole, or against many economies. — Louis O. Kelso

What we often take to be family values
the work ethic, honesty, clean living, marital fidelity, and individual responsibility
are in fact social, religious, or cultural values. To be sure, these values are transmitted by parents to their children and are familial in that sense. They do not, however, originate within the family. It is the value of close relationships with other family members, and the importance of these bonds relative to other needs. — David Elkind

He had two lives: one, open, seen and known by all who cared to know, full of relative truth and of relative falsehood, exactly like the lives of his friends and acquaintances; and another life running its course in secret. And through some strange, perhaps accidental, conjunction of circumstances, everything that was essential, of interest and of value to him, everything in which he was sincere and did not deceive himself, everything that made the kernel of his life, was hidden from other people. — Anton Chekhov

Thus if we know a child has had sufficient opportunity to observe and acquire a behavioral sequence, and we know he is physically capable of performing the act but does not do so, then it is reasonable to assume that it is motivation which is lacking. The appropriate countermeasure then involves increasing the subjective value of the desired act relative to any competing response tendencies he might have, rather than having the model senselessly repeat an already redundant sequence of behavior. — Urie Bronfenbrenner

The truly monumental can only come about by means of the most exact and refined relation between parts. Since each thing carries both a meaning of its own and an associated meaning in relation to something else - its essential value is relative. We speak of the mood we experience when looking at a landscape. This mood results from the relation of certain things rather than from their separate actualities. This is because objects do not in themselves possess the total effect they give when interrelated. — Hans Hofmann

well-functioning market requires all three types of investors for socially beneficial projects to have access to cheap capital. Value investors allocate capital to its most productive use. Speculators, because they trade frequently, provide the liquidity and trading volume that allows value investors and relative value traders to execute their trades cheaply. They also ensure that information is disseminated quickly. — Michael Pettis

What is missing in our economic system is a central value that can encompass everything that can be transacted and used to assign the proper relative value to everything. — Ilchi Lee

Failure to recognize one's own absolute significance is equivalent to a denial of human worth; this is a basic error and the origin of all unbelief. If one is so faint-hearted that he is powerless even to believe in himself, how can he believe in anything else? The basic falsehood and evil of egoism lie not in this absolute self-consciousness and self-evaluation of the subject, but in the fact that, ascribing to himself in all justice an absolute significance, he unjustly refuses to others this same significance. Recognizing himself as a centre of life (which as a matter of fact he is), he relegates others to the circumference of his own being and leaves them only an external and relative value. — Vladimir S. Soloviev

Young men most needed experience. They could not play well if they trusted to a general rule. Every card had a relative value. Principles had better be left aside; values were enough. — Henry Adams

You start to get nervous when the value of a comic book or graphic novel is relative to the achievements of some other medium. — Adrian Tomine

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

My recommendation instead, however, is that we do not surrender questions of value, whether absolute matters of truth, goodness, and beauty or relative judgment of more or less truth, goodness, and beauty. With those questions to the fore, in fact, we can interrogate various other traditions and truly learn something that can improve our own. Perhaps the Presbyterians really do know more than we do about due process in church government. Perhaps the Orthodox really do know some things we do not about iconography. Perhaps the Mennonites really can teach us the meaning of 'enough.' Perhaps the Pentecostals can help liberate us from dull and disembodied worship. Baptists who have learned to improve their procedures from Presbyterians, their art from the Orthodox, their finances from the Mennonites, and their worship from the Pentecostals do not therefore become worse Baptists but better ones. And so around the ecumenical circle, no? — John G. Stackhouse Jr.

The source of irrational authority, on the other hand, is always power over people. This power can be physical or mental, it can be realistic or only relative in terms of the anxiety and helplessness of the person submitting to this authority. Power on the one side, fear on the other, are always the buttresses on which irrational authority is built. Criticism of the authority is not only required but forbidden. Rational authority is based upon the equality of both authority and subject, which differ only with respect to the degree of knowledge of skill in a praticular field. Irrational authority is by its very nature based on inequality, implying difference in value. — Erich Fromm

Because of this false idea, they devised an aesthetic belief in making the exterior of an object a reflection of the practical functions of the interior and of the constructive idea. Yet these analyses of utility and necessity that, according to their beliefs, should be the basis for the construction of any object created by humanity become immediately absurd once we analyze all the object being manufactured today. A fork or a bed cannot come to be considered necessary for humanity's life and health, and yet retain a relative value.
They are 'learned necessities.' Modern human beings are suffocating under necessities like televisions, refrigerators, etc. And in the process making it impossible to live their real lives. Obviously we are not against modern technology, but we are against any notion of the absolute necessity of objects, to the point even of doubting their real utility.'
Asger Jorn — Tom McDonough

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

A central purpose serves to integrate all the other concerns of a man's life. It establishes the hierarchy, the relative importance, of his values, it saves him from pointless inner conflicts, it permits him to enjoy life on a wide scale and to carry that enjoyment into any area open to his mind; whereas a man without a purpose is lost in chaos. He does not know what his values are. He does not know how to judge. He cannot tell what is or is not important to him, and, therefore, he drifts helplessly at the mercy of any chance stimulus or any whim of the moment. He can enjoy nothing. He spends his life searching for some value which he will never find. — Ayn Rand

For us in England, the relative value of the pound against the dollar, that has a huge impact on how easy it is to get our films made in the U.K. — Eric Fellner

Mike's (Tyson) punch is like an atomic bomb in that it is relative to nature. Both have no value unless you have a means of conveying it to the target. He is boxing-smart. — Cus D'Amato

When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency. So the purchasing power that we lose, somebody else gets. — Peter Schiff

The whole visible universe is but a storehouse of images and signs to which the imagination will give a relative place and value; it is a sort of pasture which the imagination must digest and transform. — Charles Baudelaire

Algebra was far more interesting when it was a matter of proportioning out mutton chops so as to poison only half of one's dinner guests and then determining the relative value of purchasing a more expensive, yet more effective, antidote over a home remedy. — Gail Carriger

It doesn't matter much where your company sits in its industry ecosystem, nor how vertically or horizontally integrated it is - what matters is its relative 'share of customer value' in the final product or solution, and its cost of producing that value. — Gary Hamel

What constitutes a problem is not the thing, or the environment where we find the thing, but the conjunction of the two; something unexpected in a usual place (our favorite aunt in our favorite poker parlor) or something usual in an unexpected place (our favorite poker in our favorite aunt). I knew that my sampler was absolutely right in Elsie Norris's front room, but absolutely wrong in Mrs. Virtue's sewing class. Mrs. Virtue should either have had the imagination to commend me for my effort in context, or the farsightedness to realize there is a debate going on as to whether something has an absolute as well as a relative value; given that, she should have given me the benefit of the doubt.
As it was, she got upset and blamed me for her headache. — Jeanette Winterson

Above a certain level of income, the relative value of material consumption vis-a-vis leisure time is diminished, so earning a higher income at the cost of working longer hours may reduce the quality of your life. More importantly, the fact that the citizens of a country work longer than others in comparable countries does not necessarily mean that they like working longer hours. They may be compelled to work long hours, even if they actually want to take longer holidays. — Ha-Joon Chang

It's hard to avoid 'unconscious overclaiming.' In unconscious overclaiming, we unconsciously overestimate our contributions relative to others. This makes sense, because we're far more aware of what we do than what other people do. Also, we tend to do the work that we value. — Gretchen Rubin

It is only through contact and comparison that the relative value or worthlessness of the various cultural elements can be clearly and critically seen and understood. — Hu Shih

The real conflict in the abortion issue is between a value - the right to choose whether or not to have the child - and a moral dictum - don't kill other humans. The more here, even, is flexible and relative. "Thou shall not kill" really means, "don't kill productive, contributing members of your own society that aren't a threat to your safety." If it was not relative, then no "Judeo-Christian" person could ever go to war or execute someone. — Morris Sullivan

Every integral man has inside him, in his heart of hearts, a mystic center around which all else revolves. This mystic whirling lends unity to his thoughts and actions; it helps him find or invent the cosmic harmony. For some this center is love, for others kindness or beauty, others the thirst for knowledge or the longing for gold and power. They examine the relative value of all else and subordinate it to this central passion. — Nikos Kazantzakis

The wise man is he who knows the relative value of things. — Dean Inge

Scores do not reveal the most important facts about a wine. The written commentary (tasting notes) that accompanies the ratings is a better source of information than any score regarding the wine's style and personality, its quality level relative to its peers, and its relative value and aging potential. — Robert M. Parker Jr.

In life, we chase things like money and status, but there things have no lasting value relative to the soul. Only the soul has absolute value, which is why I believe it should be at the center of everyone's life — Ilchi Lee

To the extent that we are trapped by the overvaluing, idealizing tendency, we are not free fully to celebrate the limited but real goods of creation. Idolatry by definition is not an accurate assessment of creaturely goods, but an overvaluing of them so as to miss the richness of their actual, limited values. If I worship my tennis trophies, my Mondrian, my family tree, my Kawasaki, or my bank account, then I do not really receive those goods for what they actually are - limited, historical, and finite - goods which are vulnerable to being taken away by time and death. When I pretend that a value is something more than it is, ironically I value it less appropriately than it deserves. Biblical psychology invites us to relate ourselves absolutely to the absolute and relatively to the relative. — Thomas C. Oden

Is there a relative value of beauty? Is evanescence - fleetingness - a necessary element of the thing that most moves us? A shooting star dazzles more than the sun. A child captivates like an elf, but grows into grossness, an ogre, a harpy. A flower splays itself into color - the lilies of the field! - more treasured than any painting of a flower. But of all these things, women's grace, shooting stars, flowers, and paintings, only a painting endures. — Gregory Maguire

The truth is that relative income is not directly related to happiness. Nonpartisan social-survey data clearly show that the big driver of happiness is earned success: a person's belief that he has created value in his life or the life of others. — Arthur C. Brooks

Excellent value relative to the week investment of time ... To my mind, this is the definitive course on leadership. — William Wrigley Jr.

People are, by and large, quite poor at judging correct absolute values but are astute about determining relative values. Psychologists call this coherent arbitrariness, which suggests that individuals are coherent when they compare prices on a relative basis but arbitrary when those prices are considered versus fundamental value. — Michael Mauboussin

Value' has no meaning other than in relation to living beings. The value of a thing is always relative to a particular person, is completely personal and different in quantity for each living human - 'market value' is a fiction, merely a rough guess at the average personal values, all of which must be quantitively different or trade would be impossible. — Robert A. Heinlein

First and foremost I feel I am a child of God ... Today I think that everything matters, but like a nice game of relative importance and value, certainly not absolute like conversion. — Augusto De Luca

You May Understand The Value of Time Well During Pressure. It's Totally A Relative Matter ... — Muhammad Imran Hasan

Humans rarely choose things in absolute terms. We don't have an internal value meter that tells us how much things are worth. Rather, we focus on the relative advantage of one thing over another, and estimate value accordingly. — Dan Ariely

Only very odd people don't realize that truth-telling is always a relative value. — John Gardner

Poor is the man who does not know his own intrinsic worth and tends to measure everything by relative value. A man of financial wealth who values himself by his financial net worth is poorer than a poor man who values himself by his intrinsic self worth. — Sydney Madwed

Well, I don't like the UK. I haven't ever been a fan of the pound (sterling),
and even though they are taking some steps in the right direction - more so than the US - in addressing some of their problems, I still think they're doing it much too slowly. So, I think that the pound will continue to lose value relative to some of these other currencies. I ultimately expect the pound to rise against the dollar, but that's not the best way to take advantage of dollar weakness. — Peter Schiff