“The quantity of money, which is readily parted with to obtain a thing is called its price.”

—  Jean-Baptiste Say

Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter I, p. 61

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The quantity of money, which is readily parted with to obtain a thing is called its price." by Jean-Baptiste Say?
Jean-Baptiste Say photo
Jean-Baptiste Say 72
French economist and businessman 1767–1832

Related quotes

David Ricardo photo

“LABOUR, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, on with another, to subsist and to perpetuate their race, without either increase or diminution.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter V, On Wages, p. 52

Benjamin Graham photo

“If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain the results to which their money is entitled.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter III, The Investor and His Advisers, p. 45

David Ricardo photo

“The demand for money is regulated entirely by its value, and its value by its quantity.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XIII, Taxes on Gold, p. 123

Adam Smith photo

“The value of money is in proportion to the quantity of the necessaries of life which it will purchase.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book V, Chapter II, Part II, Article IV.

“Money, first and foremost, is a medium of communication, conveying the information we call 'price.”

L. Neil Smith (1946) American writer

Government control of the money supply is censorship, a violation of the First Amendment. Inflation is a lie.
"Some New Tactical Reflections".

David Ricardo photo

“for price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXIV, The Rent of Land, p. 220

“Gold is required in large quantities only in a society which produces a very large economic surplus and can afford to transform part of that surplus into gold for prestige purposes (as in India) or into coinage and money to promote capitalism”

Walter Rodney book How Europe Underdeveloped Africa

as in Western Europe
Source: How Europe Underdeveloped Africa (1972), p. 106.

Friedrich Hayek photo

“I don't know what monetarism is. If monetarism just means a good old-fashioned quantity theory, of course it has not failed. If it means the particular version of Milton Friedman, I think it has because he imagines that he can achieve — ascertain — a clear quantity relationship between a measurable quantity of money and the price level. I don't think that is possible. In fact, just about 40 years ago in the opening sentences of my book, Prices and Production, I wrote that it would be a great misfortune if people ever cease to believe in the quantity theory of money. It would be even worse ever to believe it literally. And that's exactly what Milton Friedman does.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

"Interview with F. A. Hayek", in Cato Policy Report (February 1983)
1980s and later

Adam Smith photo

“Labour was the first price, the original purchase-money that was paid for all things.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

It was not by gold or by silver, but by labour, that all the wealth of the world was originally purchased; and its value, to those who possess it, and who want to exchange it for some new productions, is precisely equal to the quantity of labour which it can enable them to purchase or command.
Source: The Wealth of Nations (1776), Book I, Chapter V, p. 38.

Aldous Huxley photo

“There was a thing called Heaven; but all the same they used to drink enormous quantities of alcohol.”

Aldous Huxley book Brave New World

Source: Brave New World

Related topics