"In addition to the law of marginal utility, there is another factor influencing the rankings of each individual's value scale. It is obvious that the amount that Johnson will supply at any price is limited by the stock of goods that he has available." Rothbard, Murray. Man, Economy, and State. Page 126.
"Utility then is not the measure of exchangeable value, although it is absolutely essential to it. 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 labor might be necessary to procure it." Ricardo, David. Principles of Political Economy and Taxation. 1817 -third edition, 1817-. Chapter I, section 1, paragraph 2. Page 17-18.
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