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David Ricardo Quotes


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Quotes by David Ricardo

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There can be no rise in the value of labour without a fall of profits.

~David Ricardo

Topics: Fall Labour Profits Rise Value Without

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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

Topics: Arbitrary Bestowed Capital Commodities Dependent Employed Gold Intrinsic Labour Like Mines Other Produce Quantity Scarcity Silver Them Value Which

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The facility of obtaining food is beneficial in two ways to the owners of capital, it at the same time raises profits and increases the amount of consumable commodities.

~David Ricardo

Topics: Amount Beneficial Capital Commodities Facility Food Increases Obtaining Owners Profits Raises Same Same Time Time Two Ways

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The exchangeable value of all commodities, rises as the difficulties of their production increase.

~David Ricardo

Topics: Commodities Difficulties Increase Production Rises Value

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In the same manner if any nation wasted part of its wealth, or lost part of its trade, it could not retain the same quantity of circulating medium which it before possessed.

~David Ricardo

Topics: Any Before Could Lost Manner Medium Nation Part Possessed Quantity Retain Same Trade Wasted Wealth Which

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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

Topics: Agriculture Also Because Cost Increase Might Place Produce Production Profits Same Take Which Would

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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

Topics: Almost Alone Any Bestow Country Desire Far Goods Greatest Labour Limit Many May Necessary Objects Obtain One Country Part Them Those Which Without

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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

Topics: Alteration Effect General Money Price Produces Profits Real Reason Rise Value Wages Whatever

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The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state.

~David Ricardo

Topics: Advancing Common Fall Rise Society State States Stationary Wages Whether

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During the period of capital moving from one employment to another, the profits on that to which capital is flowing will be relatively high, but will continue so no longer than till the requisite capital is obtained.

~David Ricardo

Topics: Another Capital Continue Employment Flowing High Longer Moving Obtained Period Profits Relatively Requisite Than Till Which Will

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Biography

Nationality: British

Type: Economist

Born: April 18th, 1772

Died: September 11th, 1823

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