David Ricardo Quotes About Values

Quotes about: Values

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

  David Ricardo

  Fall, Finance, Profit

  David Ricardo (1821). “On the Principles of Political Economy, and Taxation”, p.31

• 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

• 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

  Add, Opinion, Wealth

  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.244

• 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

• 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

  May, Produce, Lows

  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.378

• 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

  Real, Wages, Reason

  David Ricardo, John Ramsay McCulloch (1846). “The Works of David Ricardo, Esq., M.P.: With a Notice of the Life and Writings of the Author”, p.31, London, J. Murray

• The demand for money is regulated entirely by its value, and its value by its quantity.

  David Ricardo

  Demand, Quantity, Values

  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.114

• 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

• 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

• 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

• 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

• 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

  Land, Agriculture, Together

  David Ricardo, John Ramsay McCulloch (1871). “The Works of David Ricardo: With a Notice of the Life and Writings of the Author”, p.371

• The variation in the value of money, however great, makes no difference in the rate of profits.

  David Ricardo

  Differences, Variation, Profit

  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.32

• 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 English money was of the same value then as before, Hamburgh money must have risen in value. But where is the proof of this?

  David Ricardo

  Proof, Risen, Ifs

  David Ricardo, John Ramsay McCulloch (1846). “The Works of David Ricardo, Esq., M.P.: With a Notice of the Life and Writings of the Author”, p.85

• Utility then is not the measure of exchangeable value, although it is absolutely essential to it.

  David Ricardo

  Essentials, Utility, Values

  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.9

• 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

  Hundred, Interest, Rate

  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.220

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