Quotes & Sayings About Scarcity Value

If America's universities are indeed poor value for money, why might that be? The main reason is that the market for higher education, like that for health care, does not work well. The government rewards universities for research, so that is what professors concentrate on. Students are looking for a degree from an institution that will impress employers; employers are interested primarily in the selectivity of the institution a candidate has attended. Since the value of a degree from a selective institution depends on its scarcity, good universities have little incentive to produce more graduates. — Anonymous

Don't become a random photograph in the eyes of friends, and even your enemies, for each glance at your face will cause a declination of value and reputation. Create value, through scarcity. — Michael Bassey

The Dip creates scarcity; scarcity creates value — Seth Godin

a distinctive amount of a reasonable scarcity improves value greatly — Ernest Agyemang Yeboah

Do extremely difficult work.
That seems obvious, right? If you do something that's valued but scarce because it's difficult, you're more likely to be in demand and to be compensated fairly for what you do.
The implication is stunning, though: When designing a project or developing a skill, seek out the most difficult parts to master and contribute. If it's easy, it's not for you. — Seth Godin

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

Praise, like gold and diamonds, owes its value only to its scarcity. — Samuel Johnson

The folly of men has enhanced the value of gold and silver because of their scarcity; whereas, on the contrary, it is their opinion that Nature, as an indulgent parent, has freely given us all the best things in great abundance, such as water and earth, but has laid up and hid from us the things that are vain and useless. — Thomas More

Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them. — David Ricardo

Scarcity of self value cannot be remedied by money, recognition, affection, attention or influence. — Gary Zukav

To my mind the old masters are not art; their value is in their scarcity. — Thomas A. Edison

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

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

Why precisely do we want to change land ownership? The answer seems to me to be quite clear: to inhibit land speculation, to inhibit the private exploitation of the scarcity-value of land, to inhibit as we might say the cornering of land. — E.F. Schumacher

In a time when nothing is more certain than change, the commitment of two people to one another has become difficult and rare. Yet, by its scarcity, the beauty and value of this exchange have only been enhanced. — Robert Sexton

[H]uman beings are neurologically ill-designed to be modern Americans. The human brain evolved over hundreds of thousands of years in an environment defined by scarcity. It was not designed, at least originally, for an environment of extreme abundance ... Even a person on a diet who sensibly avoids coming face-to-face with a piece of chocolate cake will find it hard to control himself if the chocolate cake somehow finds him ... When faced with abundance, the brain's ancient reward pathways are difficult to suppress. In that moment the value of eating the chocolate cake exceeds the value of the diet. We cannot think down the road when we are faced with the chocolate cake. — Michael Lewis

There are scarcities in drinking water when you pollute the groundwater with nitrates. There is a scarcity in diversity when you create huge cornfields with the same strain of corn so that when one disease strikes - which happened in the United States in the 70s - all the cornfields in the country are wiped out. That was the first time the U.S. realized the value of diversity in agriculture and began to discuss genetic resources and their conservation. — Vandana Shiva

Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark. — Murray Rothbard