“Every commodity is compelled to chose some other commodity for its equivalent.”
Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist
Vol. I, Ch. 1, Section 3, pg. 65.
(Buch I) (1867)
Source: A History of Economic Thought (1939), Chapter VI, Marx, p. 266
“Every commodity is compelled to chose some other commodity for its equivalent.”
Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist
Vol. I, Ch. 1, Section 3, pg. 65.
(Buch I) (1867)
David Ricardo (1772–1823) British political economist, broker and politician
Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter I, Section V, On Value, p. 26
“Labour, therefore, is the real measure of the exchangeable value of all commodities”
Adam Smith (1723–1790) Scottish moral philosopher and political economist
Source: The Wealth of Nations (1776), Book I, Chapter V.
Context: Every man is rich or poor according to the degree in which he can afford to enjoy the necessaries, conveniences, and amusements of human life. But after the division of labour has once thoroughly taken place, it is but a very small part of these with which a man's own labour can supply him. The far greater part of them he must derive from the labour of other people, and he must be rich or poor according to the quantity of that labour which he can command, or which he can afford to purchase. The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command. Labour, therefore, is the real measure of the exchangeable value of all commodities.
David Ricardo (1772–1823) British political economist, broker and politician
Advertisement To The Third Edition, p. 3
The Principles of Political Economy and Taxation (1821) (Third Edition)
Antoine Augustin Cournot Researches into the Mathematical Principles of the Theory of Wealth
Source: Researches into the Mathematical Principles of the Theory of Wealth, 1897, p. 137
Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist
Vol. I, Ch. 1, Section 3, pg. 81.
(Buch I) (1867)
“Life insurance is a commodity.”
Andrew Tobias (1947) American journalist
Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 13, Gerber Life: Like Taking Candy From A Baby, p. 235.
Theodor W. Adorno (1903–1969) German sociologist, philosopher and musicologist known for his critical theory of society
Source: On the Fetish Character in Music and the Regression of Listening (1938), p. 279
Tara Subkoff (1972) American actress
Interview with Alison McLaughlin at New York Fashion Week 2012, September 2012. [E3Mfyzi3R90].
The Divine Commodity: Discovering A Faith Beyond Consumer Christianity (2009, Zondervan)