David Ricardo Quote

Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.


Chapter I, Section I, On Value, p. 5 - The Principles of Political Economy and Taxation (1821) (Third Edition)


Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to...

Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to...

Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to...

Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to...