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Talk:Commodity

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Latest comment: 8 days ago by OzzyMuffin238 in topic Coffe beans

Incorrect link to alternate-language article

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The current revision of this article purports to be equivalent to the German Article for Waren, but that article instead describes commodities in the classical sense. Indeed, the German Ware is cognate with the English ware, which denotes articles for sale. In the sense of this Article, commodities are translated into German simply as Commodities. OzzyMuffin238 (talk) 12:58, 27 July 2024 (UTC)Reply

Not primary sense of commodity

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The current revision of this article is written as though it describes commodities in a general sense. But whenever I think of commodities, I scarcely think of fungibility and standardization: Instead, I think of things for sale; and I think it fairly safe to assume that general usage is likewise. This is well reflected, for example, by the article on commodificationi.e., the process of turning things into commodities by offering them for sale—and also by various historical sources,[1][a][3][b][5][6][7][c] including dictionaries[8][9][10][11][12][13][14][15] and at least one encyclopedia.[16] In fact, even modern dictionaries primarily define commodities thus.[17][18][19][20][21][22]

In particular, Ricardo still calls these articles commodities even “when by no possible device their quantity can be augmented” by others, in such a manner as to grant “a monopoly price”[4]:289–290—in other words, in such a manner as not to be fungible.

I think Wikipedia should reflect this common usage by redirecting “commodity” to the other article, thereby making it the main one, since the current revision may mislead unwitting users. With that, I would recommend renaming this article to something like “Fungible commodity,” and the other one to “Commodity (classical economics).” In the alternative, I might recommend redirecting both pages to a disambiguation page. At the very least, however, I would ask that this article and the other implement a hatnote at the top referring to each other: perhaps {{For|goods and services that are sold|Commodity (Marxism)}} here, and {{For|articles whose price has become standardized by fungibility|Commodity}} in the other.OzzyMuffin238 (talk) 15:28, 9 August 2024 (UTC)Reply

I should add, perhaps, that the term also often signifies classes of commodity, i.e., classes of article on the market, rather than solely commodities as individual articles.[d]
But the historical record makes it clear that a commodity—whether an individual article or a class of article—must, in fact, be on the market.OzzyMuffin238 (talk) 19:46, 19 December 2024 (UTC)Reply
Aside from Fungible commodity, perhaps this article could be renamed to Homogenous commodity,[23]:80 as distinguished from non-homogenous, heterogenous, or differentiated commodity;[23]:81 and as generally distinguished from things intended for sale.[e]

Notes

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  1. Blackstone described “sale” as “the last stage before the consumption” “of [a] commodity.”[2]:318
  2. “No man produces, but with a view to consume or sell, and he never sells, but with an intention to purchase some other commodity […]”[4]:339
    “If [a person] sell his commodity for less money, it is only because one of the materials from which it is made has fallen in value.”[4]:518 See also id. pp. 241-242.
  3. While the word appears passim in most of these works, I have opted to cite only the most illustrative passages.
  4. “[I]t is not paper that regulates the value of gold as a commodity, but gold that regulates the value of paper.”[4]:186
  5. Op. cit. supra.

References

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  1. Locke, John (1824) [1690-1695]. "Economic Works". The Works of John Locke (PDF). Vol. 4 (12 ed.). p. 57. [I]f [a merchant] pays a quarter more for commodities than he did, he will sell them at a price proportionably raised. See also id. pp. 57-58, 96-98, 167-169.
  2. Blackstone, William (1775) [1765]. "Of the King's Revenue". Commentaries on the Laws of England. Vol. 1 (7 ed.).
  3. Smith, Adam (1786) [1776]. "Taxes upon consumable Commodities". The Wealth of Nations. Vol. 3 (4 ed.). pp. 331–338.
  4. 1 2 3 4 Ricardo, David (1821) [1817]. On the Principles of Political Economy and Taxation (3 ed.).
  5. Marx, Karl (1906) [1867]. "Commodities". In Frederick Engels (ed.). Capital: A Critique of Political Economy. Vol. 1. Translated by Samuel Moore; Edward Aveling. The Modern Library. p. 115. Objects that in themselves are no commodities, such as conscience, honour, &c., are capable of being offered for sale by their holders, and of thus acquiring, through their price, the form of commodities.
  6. Menger, Carl (2007) [1871]. "The Concept of the Commodity in Its Popular and Scientific Meanings". Principles of Economics. Translated by James Dingwall; Bert F. Hoselitz. Ludwig von Mises Institute. p. 238. Products that the producers or middlemen hold in readiness for sale are called commodities. See also id. pp. 236-241.
  7. Böhm-Bawerk, Eugen von (1891) [1889]. "The Positive Theory of Capital". Capital and Interest (PDF). Vol. 2. Translated by William Smart. p. 199. In isolated exchange—exchange between one buyer and one seller—the price is determined somewhere between the subjective valuation of the commodity by the buyer as upper limit, and the subjective valuation by the seller as lower limit. See also generally id. pp. 193-234.
  8. Blount, Thomas (1707) [1656]. "commodity". Glossographia Anglicana Nova. p. 90. Note: unpaginated; page number calculated manually, excluding preface etc.
  9. Phillips, Edward (1720) [1658]. "commodity". The New World of Words (7 ed.). p. 148. Note: unpaginated.
  10. Kersey, John (1757) [1702]. "commodity". A New Classical English Dictionary (7 ed.). p. 52. Note: unpaginated.
  11. Kersey, John (1721) [1708]. "commodity". Dictionarium Anglo-Britannicum (3 ed.). p. 143. Note: unpaginated.
  12. Bailey, Nathan (1783) [1721]. "commodity". An Universal Etymological English Dictionary (25 ed.). p. 171. Note: unpaginated.
  13. Society of Gentlemen (1754). "commodity". A New and Complete Dictionary of Arts and Sciences (PDF). Vol. 1. p. 678.
  14. Johnson, Samuel (1773) [1755]. "commodity". A Dictionary of the English Language (4 ed.).
  15. Webster, Noah (1806). "commodity". A Compendious Dictionary of the English Language. Sidney's Press. p. 58.
  16. Dobson, Thomas (1798). "commodity". Encyclopaedia; or, a Dictionary of Arts, Sciences, and Miscellaneous Literature (PDF). Vol. 5 (1 ed.). p. 217. Note: first American edition, but not first edition generally. See Dobson's Encyclopædia; Encyclopædia Britannica#Reputation.
  17. Merriam-Webster. "commodity". Retrieved 2024-08-09. Sense 1b.
  18. Dictionary.com. "commodity". Retrieved 2024-08-09. Sense 1.
  19. "commodity". Collins COBUILD Advanced Learner's English Dictionary (4 ed.). HarperCollins. 2003 [1987]. p. 275.
  20. "commodity". Webster's New World College Dictionary (5 ed.). Houghton Mifflin Harcourt. 2014 [1953]. p. 301. Sense 2.
  21. "commodity". Collins English Dictionary (7 ed.). HarperCollins. 2016. p. 152.
  22. "commodity". Oxford English Dictionary. Vol. 3 (2 ed.). 1989. p. 564. Senses 6a-6b.
  23. 1 2 Fouraker, Lawrence E. (1956). "A Note on the Definition of a Commodity". Southern Economic Journal. 23: 80–82. JSTOR 1053620.

OzzyMuffin238 (talk) 08:52, 10 March 2025 (UTC)Reply

Principal Economic

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topics Government policy 197.215.23.47 (talk) 23:10, 15 January 2025 (UTC)Reply

Marx?

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I majored in economics and never once encountered the name of Karl Marx in any textbook, or heard his name spoken by any professor at any point in any class. Yet I frequently come across him on Wikipedia, on economics articles, which should be reflecting modern, mainstream views. Why is Marx quoted several times throughout such a general article on what a commodity is? LTV is not a valid economic theory and should not be presented as if it is. ~2025-40079-71 (talk) 20:14, 11 December 2025 (UTC)Reply

Coffe beans

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Coffe beans are NOT a commodity, depending on the beans the coffee will taste different. therefore, showing a picture of Coffe beans in the article is incorrect. ~2026-13081-65 (talk) 10:26, 28 February 2026 (UTC)Reply

That's an interesting point, and I'd say a valid one at that, although I'd also note that, in the other sense of the word, coffee absolutely is one. OzzyMuffin238 (talk) 00:16, 19 July 2026 (UTC)Reply

Merge, and remove disambiguation page

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The Marxist article called "Article of commerce" says correctly that "a commodity is any good or service ("products" or "activities")[1] produced by human labour[2] and offered as a product for general sale on the market." That definition applies exactly to Commodity (type of good) so the two articles should be merged, so that there is a chapter on "Marxist view" within the resulting single article.

The two articles, one of them not named "commodity", are the only substantial items in the new Commodity disambiguation page. It would make much more sense to delete that disambiguation page and have all articles that link(ed) to commodity pointing to this article. Chiswick Chap (talk) 08:18, 14 June 2026 (UTC)Reply

In the sense of this article, commodity refers to a specific type of good. Specifically, it refers to a homogenous and fungible type of resource, such as wheat or beans, whose homogeneity makes its price more-or-less standardized across the global market, which is an ideal condition for futures markets.
Article of commerce, on the other hand, refers to an article of personal property that is the subject or intended subject of a sale, trade, or other exchange. See § Not primary sense of commodity, above. Also relevant is the fact that the former refers to a type, whereas the latter typically refers to a token; see Type–token distinction. (Both senses have increasingly been applied to services as well.)
No merge. However, I would note that I did try renaming this page earlier to Commodity (type of good), with Commodity being the disambiguation page, for the sake of better disambiguating the terms, although @Metallurgist reverted it with the reason that I should have instead performed a move request, which I have yet to actually do because I've been focusing on other stuff. OzzyMuffin238 (talk) 18:59, 25 June 2026 (UTC)Reply
Have been busy for awhile, but catching up now. More accurately I reverted it because it was a complicated move that impacted hundreds of pages and there were a number of issues. Having all of these uses of commodity go to a disambiguation page is far from ideal. A move request would help sort out the best route from a broader spectrum of expertise. IIRC, article of commerce was a mess of an article itself and we were trying to sort that out. I think this does need a broader discussion tho. I am probably going to bring the other one to AFD to help get it sorted out. ← Metallurgist (talk) 03:13, 17 July 2026 (UTC)Reply
I have proposed it for deletion or merger here. This does not necessarily mean it will be deleted, but it needs to be redone somehow. ← Metallurgist (talk) 07:14, 18 July 2026 (UTC)Reply