David Ricardo Quotes and Sayings - Page 1
More David Ricardo quote about:
-
“Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.”
-- David Ricardo -
“The farmer and manufacturer can no more live without profit than the labourer without wages.”
-- David Ricardo -
“A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.”
-- David Ricardo -
“There can be no rise in the value of labour without a fall of profits.”
-- David Ricardo -
“By far the greatest part of those goods which are the objects of desire, are procured by labour and they may be multiplied, not in one country alone, but in many, almost without any assignable limit, if we are disposed to bestow the labour necessary to obtain them.”
-- David Ricardo -
“But a tax on luxuries would no other effect than to raise their price. It would fall wholly on the consumer, and could neither increase wages nor lower profits.”
-- David Ricardo -
“A BOUNTY on the exportation of corn tends to lower its price to the foreign consumer, but it has no permanent effect on its price in the home market.”
-- David Ricardo -
“If I discover a manure which will enable me to make a piece of land produce 20 per cent more corn, I may withdraw at least a portion of my capital from the most unproductive part of my farm.”
-- David Ricardo -
“If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.”
-- David Ricardo -
“But it is clear that the price of labour has no necessary connection with the price of food, since it depends entirely on the supply of labourers compared with the demand.”
-- David Ricardo -
“I have already expressed my opinion on this subject in treating of rent, and have now only further to add, that rent is a creation of value, as I understand that word, but not a creation of wealth.”
-- David Ricardo -
“Gold and silver are no doubt subject to fluctuations, from the discovery of new and more abundant mines; but such discoveries are rare, and their effects, though powerful, are limited to periods of comparatively short duration.”
-- David Ricardo -
“Whenever, then, the usual and ordinary rate of the profits of agricultural stock, and all the outgoings belonging to the cultivation of land, are together equal to the value of the whole produce, there can be no rent.”
-- David Ricardo -
“The interest of the landlord is always opposed to the interests of every other class in the community.”
-- David Ricardo -
“Rent is the portion of the earth, which is paid to the landlord for the user of the original and indestructible powers of the soil”
-- David Ricardo -
“Adam Smith, and other able writers to whom I have alluded, not having viewed correctly the principles of rent, have, it appears to me, overlooked many important truths, which can only be discovered after the subject of rent is thoroughly understood.”
-- David Ricardo -
“Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter only the value of the money they issued.”
-- David Ricardo -
“The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.”
-- David Ricardo -
“No extension of foreign trade will immediately increase the amount of value in a country, although it will very powerfully contribute to increase the mass of commodities and therefore the sum of enjoyments.”
-- David Ricardo -
“Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production.”
-- David Ricardo -
“Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.”
-- David Ricardo -
“Again two manufacturers may employ the same amount of fixed, and the same amount of circulating capital; but the durability of their fixed capitals may be very unequal.”
-- David Ricardo -
“If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can by no means be so surely obtained as by a fall in the price of corn.”
-- David Ricardo -
“It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may, in return for manufactured commodities, import corn even if it can be grown with less labour than in the country from which it is imported”
-- David Ricardo -
“For price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.”
-- David Ricardo -
“Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods.”
-- David Ricardo -
“There is no way of keeping profits up but by keeping wages down....”
-- David Ricardo -
“After all the fertile land in the immediate neighbourhood of the first settlers were cultivated, if capital and population increased, more food would be required, and it could only be procured from land not so advantageously situated.”
-- David Ricardo -
“A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits.”
-- David Ricardo -
“The exchangeable value of all commodities rises as the difficulties of their production increase.”
-- David Ricardo
You may also like:
-
Adam Smith
Philosopher -
Alfred Marshall
Economist -
Carl Menger
Economist -
David Hume
Philosopher -
Francois Quesnay
Economist -
Friedrich August von Hayek
Economist -
Friedrich Engels
Author -
James Mill
Economist -
Jean-Baptiste Say
Economist -
Jeremy Bentham
Philosopher -
John Locke
Philosopher -
John Maynard Keynes
Economist -
John Stuart Mill
Philosopher -
Joseph A. Schumpeter
Economist -
Karl Marx
Philosopher -
Milton Friedman
Economist -
Paul Samuelson
Economist -
Thomas Malthus
Scholar -
William Petty
Economist -
William Stanley Jevons
Economist