Cases Quote by David Ricardo

But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly…

— David Ricardo

In regards to the price of commodities, the rise of wages operates as simple interest does, the rise of profit operates like compound interest.…

— Adam Smith

The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power…

— Alfred Marshall

In raising the price of commodities, the rise of wages operates in the same manner as simple interest does in the accumulation of debt.…

— Adam Smith

“Labour is the source and the measure of the value of commodities. But is the price of commodities always determined by their value? Do…

— Georgi Plekhanov

If the quantity of labour realized in commodities, regulate their exchangeable value, every increase of the quantity of labour must augment the value of…

— David Ricardo

A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces…

— David Ricardo

“In an exchange economy everybody’s money income is somebody else’s cost. Every increase in hourly wages, unless or until compensated by an equal increase…

— Henry Hazlitt

The exchangeable value of all commodities rises as the difficulties of their production increase.

— David Ricardo

“The point of this, as Marx explains, is to show that according to classical economics the worker becomes a commodity, the production of which…

— Peter Singer

“WE HAVE ALREADY seen some of the harmful results of arbitrary governmental efforts to raise the price of favored commodities. The same sort of…

— Henry Hazlitt

It is obvious, moreover, that the formation of price in capitalist society must differ from the formation of price in social conditions based upon…

— Rudolf Hiferding