"In stating the principles which regulate exchangeable value……" — 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."
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David Ricardo
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41 Quotes by David Ricardo
David Ricardo has 41 quotes on this site.
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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…
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