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David Ricardo Quotes
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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 Quotes)
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 Quotes)
Utility then is not the measure of exchangeable value, although it is absolutely essential to it (David Ricardo Quotes)
The facility of obtaining food is beneficial in two ways to the owners of capital, it at the same time raises profits and increases the amount of consumable commodities (David Ricardo Quotes)
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 Quotes)
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 Quotes)
Again two manufacturers may employ the same amount of fixed, and the same amount of circulating capital; but the durability of their fixed capitals may be very unequal (David Ricardo Quotes)
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 Quotes)
During the period of capital moving from one employment to another, the profits on that to which capital is flowing will be relatively high, but will continue so no longer than till the requisite capital is obtained (David Ricardo Quotes)
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 Quotes)
Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods (David Ricardo Quotes)
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 Quotes)
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 Quotes)
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 Quotes)
Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production (David Ricardo Quotes)
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 Quotes)
The variation in the value of money, however great, makes no difference in the rate of profits; (David Ricardo Quotes)
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 Quotes)
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 Quotes)
The demand for money is regulated entirely by its value, and its value by its quantity (David Ricardo Quotes)
If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread (David Ricardo Quotes)
For price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid (David Ricardo Quotes)
The price of corn will naturally rise with the difficulty of producing the last portions of it, (David Ricardo Quotes)
Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power (David Ricardo Quotes)
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 Quotes)
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 Quotes)
Labour, like all other things which are purchased and sold... has its natural and its market price (David Ricardo Quotes)
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