"A man who applies his labour to the investing of objects with value by the creation of utility of some sort, can not expect such a value to be appreciated and paid for, unless where other men have the means of purchasing it. Now, of what do these means consist? Of other values of other products, likewise the fruits of industry, capital, and land. Which leads us to a conclusion that may at first appear paradoxical, namely, that it is production which opens a demand for products."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Jean-Baptiste Say, A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter XV, p. 133 (See also: Say's Law).
https://en.wikiquote.org/wiki/Utility
Revision History
No revisions have been submitted for this quote.
Categories
Utility
13 quotes on TrueQuotesView all quotes by Utility →
Related Quotes
"The utility of many useful things is not at first very manifest, — as poetry, for instance. Yet its uses are as many …"
"Utility then is not the measure of exchangeable value, although it is absolutely essential to it."
"Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the q…"
"One of the most important axioms is, that as the quantity of any commodity, for instance, plain food, which a man has…"
"Repeated reflection and inquiry have led me to the somewhat novel opinion, that value depends entirely upon utility."
"The calculus of utility aims at supplying the ordinary wants of man at the least cost of labour."
"My principal work now lies in tracing out the exact nature and conditions of utility. It seems strange indeed that ec…"
"The difficulties of economics are mainly the difficulties of conceiving clearly and fully the conditions of utility."
"The general theory of economic equilibrium was strengthened and made effective as an organon of thought by two powerf…"
"Thus public works even of doubtful utility may pay for themselves over and over again at a time of severe unemploymen…"