David Ricardo Quotes About Labour

Quotes about: Labour

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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.

• 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

• 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

• 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

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