“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

Source: Education of a Wandering Man

Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefull…" by Louis L'Amour?

Louis L'Amour photo

Louis L'Amour 65

Novelist, short story writer 1908–1988

Related quotes

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

David Harvey (1935) British anthropologist

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

“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.

“The circulation of commodities is the original precondition of the circulation of money.”

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

Grundrisse (1857-1858)
Source: Notebook I, The Chapter on Money, p. 107.

“These numerous points at which money is withdrawn from circulation and accumulated in numerous individual hoards or potential money-capitals appears as so many obstacles to circulation, because they immobilise the money and deprive it of its capacity to circulate for a certain time.”

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

Vol. II, Ch. XXI, p. 497.
(Buch II) (1893)

“Each piece of money is a mere coin, or means of circulation, only so long as it actually circulates.”

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

Vol. I, Ch. 3, Section 2(c), pg. 145.
(Buch I) (1867)

“Money is itself a product of circulation.”

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

(1857/58)
Source: Notebook VI, The Chapter on Capital, p. 579.

“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

“A book lying idle on a shelf is wasted ammunition. Like money, books must be kept in constant circulation. Lend and borrow to the maximum.”

Henry Miller (1891–1980) American novelist

“Instead of paying interest to those who have more money than they need and in order to keep money in circulation, people should pay a small fee if they keep the money out of circulation.”

Margrit Kennedy (1939–2013) German architect

Source: Interest and Inflation Free Money (1995), Chapter Two, Creating an Interest and Inflation Free Money, p. 37 (See also: Wörgl Austria.)

“When… we have a series of values of a quantity which continually diminish, and in such a way, that name any quantity we may, however small, all the values, after a certain value, are severally less than that quantity, then the symbol by which the values are denoted is said to diminish without limit. And if the series of values increase in succession, so that name any quantity we may, however great, all after a certain point will be greater, then the series is said to increase without limit.”

Augustus De Morgan (1806–1871) British mathematician, philosopher and university teacher (1806-1871)

It is also frequently said, when a quantity diminishes without limit, that it has nothing, zero or 0, for its limit: and that when it increases without limit it has infinity or ∞ or 1&frasl;0 for its limit.
The Differential and Integral Calculus (1836)

Related topics