David Ricardo Quotes About Commodities

Quotes about: Commodities

• 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

  Wages, Variation, Causes

  David Ricardo (1821). “On the Principles of Political Economy, and Taxation”, p.47

• 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

  Country, Heart, Principles

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

  David Ricardo

  Commodity, Increase, Difficulty

  David Ricardo, John Ramsay McCulloch (1846). “The Works of David Ricardo ...”, p.377

• 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

  Gold, Arbitrary, Scarcity

  David Ricardo, John Ramsay McCulloch (1846). “The Works of David Ricardo ...”, p.263

• Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.

  David Ricardo

  Two, Scarcity, Commodity

  David Ricardo (1821). “On the Principles of Political Economy, and Taxation”, p.2

• It has therefore been justly observed that however honestly the coin of a country may conform to its standard, money made of gold and silver is still liable to fluctuations in value, not only to accidental, and temporary, but to permanent and natural variations, in the same manner as other commodities.

  David Ricardo

  Country, Gold, Variation

  David Ricardo, John Ramsay McCulloch (1846). “The Works of David Ricardo ...”, p.46

• To alter the money value of commodities, by altering the value of money, and yet to raise the same money amount by taxes, is then undoubtedly to increase the burthens of society.

  David Ricardo

  Commodity, Increase, Taxes

  David Ricardo, John Ramsay McCulloch (1871). “The Works of David Ricardo: With a Notice of the Life and Writings of the Author”, p.257

• Neither machines, nor the commodities made by them, rise in real value, but all commodities made by machines fall, and fall in proportion to their durability.

  David Ricardo

  Real, Fall, Durability

  David Ricardo, John Ramsay McCulloch (1852). “The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch”, p.27

• 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

  Errors, Political, Demand

  David Ricardo, John Ramsay McCulloch (1852). “The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch”, p.232

• 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

  Wages, Commodity, Machinery

  David Ricardo, John Ramsay McCulloch (1852). “The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch”, p.26

• 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

  Country, Commodity, Increase

  David Ricardo, John Ramsay McCulloch (1852). “The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch”, p.72

• 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

  Way, Would Be, Might

  David Ricardo (1817). “On the Principles of Political Economy, and Taxation”, p.2

• I have endeavoured to show that the ability to pay taxes depends, not on the gross money value of the mass of commodities, nor on the net money value of the revenue of capitalists and landlords, but on the money value of each man's revenue compared to the money value of the commodities which he usually consumes.

  David Ricardo

  Men, Pay, Commodity

  David Ricardo, John Ramsay McCulloch (1852). “The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch”, p.7

• 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

  Fall, Home, Class

  David Ricardo, John Ramsay McCulloch (1852). “The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch”, p.387

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