David Ricardo Quotes

Quotes about:

• 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

  105 Copy quote

• There is no way of keeping profits up but by keeping wages down.

  David Ricardo

  Business, Wages, Way

  David Ricardo, John Ramsay McCulloch (1888). “Works: With a Notice of the Life and Writings of the Author”

  57 Copy quote

• Nothing contributes so much to the prosperity and happiness of a country as high profits.

  David Ricardo

  Happiness, Happy, Country

  David Ricardo, John Ramsay McCulloch (1846). “The Works of David Ricardo ...”, p.474

  99 Copy quote

• 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

  84 Copy quote

• The farmer and manufacturer can no more live without profit than the labourer without wages.

  David Ricardo

  Business, Wages, Farming

  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.68

  111 Copy quote

• Like all other contracts, wages should be left to the fair and free competition of themarket, and should never be controlled by the interference of the legislature.

  David Ricardo

  Wisdom, Competition, Wages

  1817 Principles of Political Economy andTaxation.

  38 Copy quote

• Profits are not made by differential cleverness, but by differential stupidity.

  David Ricardo

  Stupidity, Made, Profit

  47 Copy quote

• 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

  7 Copy quote

• Taxation under every form presents but a choice of evils.

  David Ricardo

  Evil, Choices, Taxation

  David Ricardo (1821). “On the Principles of Political Economy, and Taxation”, p.184

  17 Copy quote

• Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.

  David Ricardo

  Paper, Economics, States

  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.215, London, J. Murray

  54 Copy quote

• Money is neither a material to work upon nor a tool to work with.

  David Ricardo

  Tools, Materials

  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.284

  42 Copy quote

• 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

  52 Copy quote

• The interest of the landlord is always opposed to the interests of every other class in the community.

  David Ricardo

  Class, Community, Interest

  1817 Principles of Political Economy andTaxation.

  21 Copy quote

• Labour, like all other things which are purchased and sold... has its natural and its market price.

  David Ricardo

  Wisdom, Politics, Economy

  David Ricardo (1821). “On the Principles of Political Economy, and Taxation”, p.86

  39 Copy quote

• 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

  43 Copy quote

• 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

  6 Copy quote

• There can be no greater error then in supposing that capital is increased by non-consumption.

  David Ricardo

  Errors, Supposing That, Consumption

  39 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

• If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.

  David Ricardo

  Beer, Bread, Malt

  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.153

  52 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

• 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

• 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

  5 Copy quote

• The price of corn will naturally rise with the difficulty of producing the last portions of it.

  David Ricardo

  Corn, Lasts, Difficulty

  David Ricardo (1821). “On the Principles of Political Economy, and Taxation”, p.490

  14 Copy quote

• Rent is the portion of the earth, which is paid to the landlord for the user of the original and indestructible powers of the soil

  David Ricardo

  Earth, Soil, Portions

  11 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

  25 Copy quote

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