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David Ricardo Quotes


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Quotes by David Ricardo

Showing 11-20 of 27 Quotes by 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

Topics: Air Compared Contrary Exchange Gold Goods Great Little On The Contrary Other Quantity Though Use Water Will

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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

Topics: Accompanied Been Cases Cause Commodities Confined Each Found Indeed Invariably Labour Money Other Price Regard Rise Variation Varied Wages Will

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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

Topics: After Capital Could Cultivated Fertile First Food Immediate Increased Land More Neighbourhood Only Population Required Settlers Were Would

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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

Topics: Again Amount Capital Employ Fixed Manufacturers May Same Two Unequal Very

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As the revenue of the farmer is realized in raw produce, or in the value of raw produce, he is interested, as well as the landlord, in its high exchangeable value, but a low price of produce may be compensated to him by a great additional quantity.

~David Ricardo

Topics: Additional Farmer Great He High Him Interested Landlord Low May Price Produce Quantity Raw Realized Revenue Value Well

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But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed.

~David Ricardo

Topics: Affect Commodities Consumed Equally Labour Machinery Produced Quickly Rise Slowly Wages Would

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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

Topics: Abundant Comparatively Discoveries Discovery Doubt Duration Effects Gold Limited Mines More New No Doubt Periods Powerful Rare Short Silver Subject Though

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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 labour might be necessary to procure it.

~David Ricardo

Topics: Commodity Contribute Could Gratification However In Other Words Labour Might Necessary Other Our Procure Quantity Scarce Useful Value Way Were Whatever Words Would

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If the demand for home commodities should be diminished, because of the fall of rent on the part of the landlords, it will be increased in a far greater degree by the increased opulence of the commercial classes.

~David Ricardo

Topics: Because Classes Commercial Commodities Degree Demand Diminished Fall Far Greater Home Increased Landlords Opulence Part Rent Should Will

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If the quantity of labour realized in commodities, regulate their exchangeable value, every increase of the quantity of labour must augment the value of that commodity on which it is exercised, as every diminution must lower it.

~David Ricardo

Topics: Commodities Commodity Every Increase Labour Lower Must Quantity Realized Regulate Value Which

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Biography

Nationality: British

Type: Economist

Born: April 18th, 1772

Died: September 11th, 1823

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