Commodity Quotes - page 4
One of the most important axioms is, that as the quantity of any commodity, for instance, plain food, which a man has to consume, increases, so the utility or benefit derived from the last portion used decreases in degree. The decrease in enjoyment between the beginning and the end of a meal may be taken as an example.
William Stanley Jevons
Does the Minister accept that the attitude of the EEC and of North American countries towards commodity prices has been a major contributory factor in the debt crisis in much of the world? Does she agree that the latest round of Lomé convention prices on exports from ACP countries has resulted in virtually the lowest real terms prices ever achieved by those countries? They are worried about the way in which they have been treated by the EEC. Is the right hon. Lady aware that exports from ACP countries to the European Community are at their lowest level for 25 years? Those countries and many of us are worried about the growing crisis faced by the poorer countries because the richer industrial countries are closing their markets to them and forcing them into debt and low commodity prices.
Jeremy Corbyn
One of the most important axioms is, that as the quantity of any commodity, for instance, plain food, which a man has to consume, increases, so the utility or benefit derived from the last portion used decreases in degree. The decrease in enjoyment between the beginning and the end of a meal may be taken as an example. And I assume that on an average, the ratio of utility is some continuous mathematical function of the quantity of commodity. This law of utility has, in fact, always been assumed by political economists under the more complex form and name of the Law of Supply and Demand. But once fairly stated in its simple form, it opens up the whole of the subject.
William Stanley Jevons
I think we made love three times that final summer. Made love! Preposterous euphemism for fucking, almost as bad as the most grotesque of all, slept together. Whatever Sundara and I made, in those three pressings of flesh to flesh, love couldn't have been the commodity; we made sweat, we made rumpled sheets, we made heavy breathing, we even made orgasms, but love? Love?
Robert Silverberg
The capitalist is very fond of declaring that labour is a commodity, and the wage contract a bargain of purchase and sale like any other. But he instinctively expects his wage-earners to render him, not only obedience, but also personal deference. If the wage contract is a bargain of purchase and sale like any other, why is the workman expected to toff his hat to his employer, and to say ‘sir' to him without reciprocity?
Sidney Webb, 1st Baron Passfield
Much less is it adviseable for a Person to go thither [to America], who has no other Quality to recommend him but his Birth. In Europe it has indeed its Value; but it is a Commodity that cannot be carried to a worse Market than that of America, where people do not inquire concerning a Stranger, What is he? but, What can he do?
Benjamin Franklin
For, primarily, the immigrant comes here for economic reasons. If he is a dependent, there is no room for him. If he believes that in America one need not work, there is no room for him. If he has been taught that his labor is a commodity for sale, he must learn that labor is no more a commodity than management. It is the product of labor, the product of management, that is put up for sale. In the last analysis, it is man's intelligence that is purchased. Only in undeveloped countries can man be regarded as a beast of burden.
Calvin Coolidge
Labor is a commodity, like any other, and its price is therefore determined by exactly the same laws that apply to other commodities. In a regime of big industry or of free competition – as we shall see, the two come to the same thing – the price of a commodity is, on the average, always equal to its cost of production. Hence, the price of labor is also equal to the cost of production of labor. But, the costs of production of labor consist of precisely the quantity of means of subsistence necessary to enable the worker to continue working, and to prevent the working class from dying out. The worker will therefore get no more for his labor than is necessary for this purpose; the price of labor, or the wage, will, in other words, be the lowest, the minimum, required for the maintenance of life.
Friedrich Engels
A decrease in the world supply of wheat has resulted in a very large increase in the price of that commodity. The position of all agricultural products indicates a better balanced supply, but we can not yet conclude that agriculture is recovered from the effects of the war period or that it is permanently on a prosperous basis. The cattle industry has not yet recovered and in some sections has been suffering from dry weather. Every effort must be made both by Government activity and by private agencies to restore and maintain agriculture to a complete normal relationship with other industries.
Calvin Coolidge
Both Barnum and H. L. Mencken are said to have made the depressing observation that no one ever lost money by underestimating the intelligence of the American public. The remark has worldwide application. But the lack is not in intelligence, which is in plentiful supply; rather, the scarce commodity is systematic training in critical thinking.
Carl Sagan
When it comes to labour market reform, here's the difference between us and John Howard: John Howard regards labour as just like any other economic commodity. We actually see labour as made up of human beings. These are human beings with an intrinsic dignity. When they go to the workplace, they're not just like a lump of wood or a piece of coal, these are human beings, and they should be treated properly as people with intrinsic rights.
Kevin Rudd
The production of security should, in the interests of the consumers of this intangible commodity, remain subject to the law of free competition. ... [N]o government should have the right to prevent another government from going into competition with it, or to require consumers of security to come exclusively to it for this commodity.
Gustave de Molinari
