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
Select David Ricardo Quotations
There can be no rise in the value of labour without a fall of profits.
David Ricardo
The exchangeable value of all commodities, rises as the difficulties of their production increase.
David Ricardo
In comparing therefore the value of the same commodity, at different periods of time, the consideration of the comparative skill and intensity of labour, required for that particular commodity, needs scarcely to be attended to, as it operates equally at both periods.
David Ricardo
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
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
In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed.
David Ricardo
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
All David Ricardo Quotations
Words
Absolute,
Class,
Correctly,
Either,
Judge,
Labour,
Obtain,
Obtained,
Produce,
Profit,
Quantity,
Rate,
Rent,
Required,
Wages
Definitions
Absolute,
Class,
Correctly,
Either,
Judge,
Obtain,
Obtained,
Produce,
Profit,
Quantity,
Rate,
Rent,
Required,
Wages
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