commodities

• “Trade between us in commodities is far more balanced than we had thought.”

  Where are Canada and the U.S. Going?

• “Species of Money than Gold (1691): “what we call commodities is nothing but land severed from the soil; man deals in nothing but earth.””

  System der volkswirthschaft. English

• “The value of commodities is revealed by their relationship to other commodities.”

  A Bland and Deadly Courtesy

• “But the exchange of commodities is evidently an act characterized by a total abstraction from use-value.”

  A Bland and Deadly Courtesy

• “Hence exchange-value appears to be something accidental and purely relative, and consequently an intrisic value, ie, an exchange-value that is inseparably connected with, inherent in commodities, seems a contradiction in terms.”

  A Bland and Deadly Courtesy

• “The value of commodities is the very opposite of the coarse materiality of their substance, not an atom of matter enters into its composition.”

  A Bland and Deadly Courtesy

• “Section 2 is “The two-fold character of the labour embodied in commodities””

  A Bland and Deadly Courtesy

• “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 labor which it enables him to purchase or command.”

  A Bland and Deadly Courtesy

• “But the Yankees think they have valuable long-term commodities in the pitchers, and they value their development over a few months of major league help.”

  The Wall Street Journal: Two Strong, Young Arms Turn Heads in Yankees Camp

• “I think that it is extraneous to that (commercial banking) function that they do hedge funds, equity funds and that they trade in commodities and securities, and a lot of other stuff, which is secondary in terms of direct responsibilities for lenders, borrowers, depositors and all the rest.”

  Matthew Yglesias » The Value of Financial Engineering

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