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If a commodity were in no way useful, - in other words, if it could in no way contribute to our gratification, - it would be destitute of exchangeable value, however scarce it might be, or whatever quantity of labour might be necessary to procure it.
-David Ricardo
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If A Commodity Were In No Way

David Ricardo
If a commodity were in no way useful, - in other words, if it could in no way contribute to our gratification, - it would be destitute of exchangeable value, however scarce it might be, or whatever quantity of labour might be necessary to procure it.
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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. the real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
Real Mean Men
Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.
Two Scarcity Commodity
Upon this subject, the habits of our whole species fall into three great classes--useful labour, useless labour and idleness. of these the first only is meritorious; and to it all the products of labour rightfully belong; but the two latter, while they exist, are heavy pensioners upon the first, robbing it of a large portion of it's just rights. the only remedy for this is to, as far as possible, drive useless labour and idleness out of existence.
Work Fall Class
As the revenue of the farmer is realized in raw produce, or in the value of raw produce, he is interested, as well as the landlord, in its high exchangeable value, but a low price of produce may be compensated to him by a great additional quantity.
May Produce Lows
If i were to give a summary of the tendency of our times, i would say, quantity. the multitude, the mass spirit, dominates everywhere, destroying quality. our entire life--production, politics, and education--rests on quantity, on numbers. the worker who once took pride in the thoroughness and quality of his work, has been replaced by brainless, incompetent automatons, who turn out enormous quantities of things, valueless to themselves, and generally injurious to the rest of mankind. thus quantity, instead of adding to life's comforts and peace, has merely increased man's burden.
Pride Men Numbers
Labor, being itself a commodity, is measured as such by the labor time needed to produce the labor-commodity. and what is needed to produce this labor-commodity? just enough labor time to produce the objects indispensable to the constant maintenance of labor, that is, to keep the worker alive and in a condition to propagate his race. the natural price of labor is no other than the wage minimum.
Race Maintenance Alive
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