Ayn Rand: Fair Trade
on Sunday, June 12, 2011Ayn Rand Money Quotation saying symbolism and trust must be placed in a standard agreed upon by the parties involved in transactions based on expectations of equity. Ayn Rand said:
“Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value” — Ayn Rand
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In this quote, Ayn Rand is explaining her view that money serves as a tangible representation of the principle of voluntary exchange between individuals. For people to engage in beneficial interactions and trade, they must do so on a basis of each party providing something of value to the other.
Money acts as a commonly accepted medium that allows this trade to take place, with each person giving value in the form of goods, services or labor that they have produced, in exchange for receiving money which represents this value and can then be used to acquire other things they want or need from others.
So Rand sees money as the practical means by which free individuals can deal with one another through mutual gain based on this principle of each side offering value to obtain value in a reciprocal transaction.