“What capital I give for the spade merely replaces what the manufacturer had already invested in the expectation that the spade would be needed.”
Source: The Theory of Political Economy (1871), Chapter VII, Theory of Capital, p. 188.
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William Stanley Jevons 69
English economist and logician 1835–1882Related quotes

“I call a fig a fig, a spade a spade.”
Unidentified fragment 545 K (K = T. Kock, Comicorum Atticorum Fragmenta, 3 vols. (Leipzig 1880/8)), as translated in Menander: The Principal Fragments (1921) by Francis Greenleaf Allinson.
“We believe that failing to call a spade a spade is not scientific.”
Source: Thoughts on Machiavelli (1958), p. 50

“These Macedonians," said he, "are a rude and clownish people, that call a spade a spade.”
39 Philip
Apophthegms of Kings and Great Commanders

“Sometimes a person has to point fingers, disclose double standards, call a spade a spade.”

“I'll give you leave to call me anything, if you don't call me "spade."”
Polite Conversation (1738), Dialogue 2