“When money functions as measure of value it must truly represent the values it helps to circulate.”

—  David Harvey

Source: The Limits To Capital (2006 VERSO Edition), Chapter 10, Finance Capital And Its Contradictions, p. 293

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 "When money functions as measure of value it must truly represent the values it helps to circulate." by David Harvey?
David Harvey photo
David Harvey 37
British anthropologist 1935

Related quotes

“Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.”

Louis L'Amour (1908–1988) Novelist, short story writer

Source: Education of a Wandering Man

Anne Robert Jacques Turgot photo

“All merchandize has the two essential properties of money, to measure and to represent all value: and in this sense all merchandize is money.”

Anne Robert Jacques Turgot (1727–1781) French economist

§ 39
Reflections on the Formation and Distribution of Wealth (1766)

Chester A. Arthur photo

“The extravagant expenditure of public money is an evil not to be measured by the value of that money to the people who are taxed for it.”

Chester A. Arthur (1829–1886) American politician, 21st President of the United States (in office from 1881 to 1885)

Veto message of Rivers and Harbor Bill (1882).
1880s

David Ricardo photo

“If English money was of the same value then as before, Hamburgh money must have risen in value. But where is the proof of this?”

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

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter VII, On Foreign Trade, p. 93

Karl Marx photo

“The circulation of capital realizes value, while living labour creates value.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

(1857/58)
Source: Notebook V, The Chapter on Capital, p. 463.

Ray Dalio photo

“When central banks print a lot of money to relieve a crisis, buy stocks, gold, and commodities because their value will rise and the value of paper money will fall.”

Ray Dalio (1949) American businessman

" Principles for Dealing with the Changing World Order by Ray Dalio https://www.youtube.com/watch?v=xguam0TKMw8" (at 6m43s), Principles by Ray Dalio, 2 March 2022.

Wilhelm Liebknecht photo

“It is a bourgeois feeling to overvalue the possession of representatives. In representation as in money there is power – power over others. Whoever places the purity and the greatness of our party above all else, for him representatives have value only in so far as they serve to give expression to the power and extent of Social Democracy. What do ten, what do a hundred representatives signify, when our escutcheon has lost its gloss through their acquisition? The value of a representative is small. But the value of the integrity of our party is immeasurable. In it rests our strength.”

Wilhelm Liebknecht (1826–1900) German socialist politician

As with the shorn hair, that signified his manhood’s honor, the strength of Samson disappeared, so the strength of our party would cease if we allowed the bourgeois Delilahs to flatter away our most precious jewel and the roots of our triumphal strength – the party purity, the party honor.
No Compromise – No Political Trading (1899)

David Ricardo photo
Karl Marx photo

“Exchange value forms the substance of money, and exchange value is wealth.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Grundrisse (1857-1858)
Source: Notebook II, The Chapter on Money, p. 141.

Adolf Hitler photo

“Our fight is with money. Work alone will help us, not money. We must smash interest slavery. Our fight is with the races that represent money.”

Adolf Hitler (1889–1945) Führer and Reich Chancellor of Germany, Leader of the Nazi Party

Speech at the hall of Zum Deutschen Reich (December 18, 1919), quoted in Thomas Weber, Becoming Hitler: The Making of a Nazi (Basic Books, 2017), p. 138. Police report of DAP meeting, SAM, DPM/6697
1910s

Related topics