Quotes by David Ricardo

David Ricardo

…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.

Honesty

Powerful

Thinking

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.

Able

Important

Principles

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.

Durability

May

Two

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.

Lows

May

Produce

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.

Commodity

Machinery

Wages

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.

Clear

Connections

Demand

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

Division

Inquiry

Law

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

Lasts

Portions

Return

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.

Discovery

Doubt

Powerful

I have already expressed my opinion on this subject in treating of rent, and have now only further to add, that rent is a creation of value, as I understand that word, but not a creation of wealth.

Add

Opinion

Wealth

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Able

Add

Agriculture

Beer

Bread

Business

Capacity

Class

Clear

Commodity

Community

Connections

Consumption

Demand

Differences

Discovery

Division

Doubt

Durability

Economics

Economy

Errors

Fall

Farming

Finance

Government

Honesty

Hundred

Ifs

Important

Increase

Inquiry

Interest

Judging

Land

Lasts

Law

Lost

Lows

Machinery

Made

Malt

Materials

May

Might

Natural

Opinion

Paper

Politics

Portions

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Quotes by David Ricardo

David Ricardo

…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.

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.

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.

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.

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.

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.

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

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

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.

I have already expressed my opinion on this subject in treating of rent, and have now only further to add, that rent is a creation of value, as I understand that word, but not a creation of wealth.

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