David Ricardo Quotes - Page 2

Quotes about:

• LABOUR, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, on with another, to subsist and to perpetuate their race, without either increase or diminution.

  David Ricardo

  Race, May, Natural

  1817 Principles of Political Economy andTaxation.

  52 Copy quote

• 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

  Powerful, Discovery, Doubt

  David Ricardo, John Ramsay McCulloch (1846). “The Works of David Ricardo ...”, p.11

  21 Copy quote

• 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

  6 Copy quote

• The produce of the earth - all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community, namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it is cultivated.

  David Ricardo

  Land, Class, Community

  David Ricardo (1821). “On the Principles of Political Economy, and Taxation”, p.5

  52 Copy quote

• For price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.

  David Ricardo

  Lasts, Return, Portions

  David Ricardo (1817). “On the Principles of political economy and taxation”, p.251, Library of Alexandria

  4 Copy quote

• 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

  14 Copy quote

• 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

  Land, Population, Would Be

  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.373

  24 Copy quote

• Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods.

  David Ricardo

  Air, Water, Gold

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

  7 Copy quote

• It appears to me that one great cause of our difference in opinion on subjects which we often discuss is that you have always in mind the immediate and temporary effects of particular changes, whereas I put these effects quite aside, and fix my whole attention on the long-term effects that will result from them.

  David Ricardo

  Differences, Long, Mind

  7 Copy quote

• 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

  Country, Desire, May

  David Ricardo (1821). “On the Principles of Political Economy, and Taxation”, p.3

  38 Copy quote

• 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

  19 Copy quote

• It is not by the absolute quantity of produce obtained by either class, that we can correctly judge of the rate of profit, rent, and wages, but by the quantity of labour required to obtain that produce.

  David Ricardo

  Class, Judging, Wages

  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

  37 Copy quote

• 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

  4 Copy quote

• Called an inquiry into the laws which determine the division of the produce.

  David Ricardo

  Law, Division, Inquiry

  4 Copy quote

• The last point for consideration is the supposed disposition of the people to interfere with the rights of property. So essential does it appear to me, to the cause of good government, that the rights of property should be held sacred, that I would agree to deprive those of the elective franchise against whom it could justly be alleged that they considered it their interest to invade them.

  David Ricardo

  Wisdom, Rights, Government

  David Ricardo, John Ramsay McCulloch (1846). “The Works of David Ricardo ...”, p.554

  28 Copy quote

• 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

  Wealth, Lost, Trade

  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.264, London, J. Murray

  13 Copy quote

• 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

  Land, Pieces, May

  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.42

  15 Copy quote

• 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

  Encouragement, Fall, Mean

  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.388, London, J. Murray

  9 Copy quote

• ...I wish that I may never think the smiles of the great and powerful a sufficient inducement to turn aside from the straight path of honesty and the convictions of my own mind.

  David Ricardo

  Honesty, Powerful, Thinking

  David Ricardo (1952). “Works and Correspondence: Letters, 1816-1818”, University Press

  4 Copy quote

• 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

  Important, Able, Principles

  David Ricardo (1821). “On the Principles of Political Economy, and Taxation”, p.6

  9 Copy quote

• 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

  7 Copy quote

• 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

  19 Copy quote

• 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

  Connections, Demand, Clear

  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.130

  7 Copy quote

• 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

  9 Copy quote

• 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

  4 Copy quote

Page 2 of 3

First

← Prev

1

2

3

Next →

• facebook
• twitter
• googleplus
• email
• linkedin