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exchange quotes

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“Exchange is truly voluntary only when nearly equivalent alternatives exist. Monopoly implies the absence of alternatives and thereby inhibits effective freedom of exchange.” Milton Friedman, Capitalism and Freedom
“Labour . . . is the real measure of the exchangeable value of all commodities.” Adam Smith, The Wealth of Nations
“The freedom you allow me is your freedom. The freedom to do what pleases you. Freedom is not an exchange—it is freedom.” André Malraux, Man's Fate
“The value of money is in proportion to the quantity of the necessaries of life which it will purchase.” Adam Smith, The Wealth of Nations

Related topics

freedom money life self value labor monopoly

Related authors

Adam Smith (2)
Milton Friedman (1)
André Malraux (1)

Related sources

The Wealth of Nations (2)
Capitalism and Freedom (1)
Man's Fate (1)