"But a tax on luxuries would no other……" — David Ricardo
"But a tax on luxuries would no other effect than to raise their price. It would fall wholly on the consumer, and could neither increase wages nor lower profits."
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David Ricardo
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41 Quotes by David Ricardo
David Ricardo has 41 quotes on this site.
A few more worth reading:
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If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of…
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It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may,…
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Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.
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By far the greatest part of those goods which are the objects of desire, are procured by labour and they…
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For price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever…
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Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of…
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There is no way of keeping profits up but by keeping wages down....
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A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities;…
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After all the fertile land in the immediate neighbourhood of the first settlers were cultivated, if capital and population increased,…
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A rise in wages, from an alteration in the value of money, produces a general effect on price, and for…
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The exchangeable value of all commodities rises as the difficulties of their production increase.
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In the same manner if any nation wasted part of its wealth, or lost part of its trade, it could…
See all 41 quotes by David Ricardo »
More Consumer Quotes
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It's very hard to imagine the phrase 'consumer society' used so cheerfully, and interpreted so enthusiastically, in England.
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