Corn Quote by David Ricardo
“If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can by no means be so surely obtained as by a fall in the price of corn.”
About This Quote
Source Book: Principles of Political Economy and Taxation, 1817
Economic growth of merchants boosts capital and industry, but cheaper corn is a more reliable catalyst for productivity.
In simple terms: Cheap corn spurs industry more than merchant wealth.
Key Takeaway
Focus on reducing essential costs.
Themes
economics
agriculture
industry
capital
Mood
analytical
pragmatic
Type
economic
policy
When to use this quote
- policy making
- agricultural planning
- business strategy
- investment decisions
Key Concepts
comparative advantage
price elasticity
resource allocation
Questions to Reflect On
- How can economies balance agricultural subsidies with industrial growth?
- What alternatives exist when staple prices rise?
A Different Perspective
If corn prices fall, other sectors may suffer from reduced demand.
