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Quote by David Ricardo

“Money is neither a material to work upon nor a tool to work with.”

Quote by David Ricardo

Book:The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch

Work

The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch

The book is a compilation of David Ricardo's influential economic theories and analyses, including his seminal work on the principles of political economy. It is enhanced by a comprehensive biography of Ricardo, written by J. R. McCulloch, which provides insight into the author's life and the context of his writings. more

Author

David Ricardo (April 18, 1772 - September 11, 1823) was a British economist and one of the key figures in the classical school of economics. He is known for his theory of comparative advantage, which has had a profound impact on the development of economics. more

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“The produce of the earth - all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community, namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it is cultivated.”

Earth Three Community United Class Land Produce Industry Surface Labour Owners Divided Application Machinery Cultivation Labourers

Book:On the Principles of Political Economy, and Taxation

Source: On the Principles of Political Economy, and Taxation

“I have endeavoured to show that the ability to pay taxes depends, not on the gross money value of the mass of commodities, nor on the net money value of the revenue of capitalists and landlords, but on the money value of each man's revenue compared to the money value of the commodities which he usually consumes.”

Men Shows Values Ability Pay Depends Taxes Mass Capitalist Commodity Gross Revenue Landlord

Book:The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch

Source: The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch

“Utility then is not the measure of exchangeable value, although it is absolutely essential to it.”

Values Essentials Utility

Book:The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch

Source: The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch

“Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.”

Two Values Source Labour Quantity Commodity Utility Possessing Scarcity

Book:On the Principles of Political Economy, and Taxation

Source: On the Principles of Political Economy, and Taxation

“It has therefore been justly observed that however honestly the coin of a country may conform to its standard, money made of gold and silver is still liable to fluctuations in value, not only to accidental, and temporary, but to permanent and natural variations, in the same manner as other commodities.”

May Made Stills Country Values Natural Standards Gold Honestly Permanent Silver Temporary Commodity Conform Coins Variation Liable Fluctuation Gold And Silver

Book:The Works of David Ricardo ...

Source: The Works of David Ricardo ...

“LABOUR, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, on with another, to subsist and to perpetuate their race, without either increase or diminution.”

May Natural Race Increase Labour Quantity Labourers

Author:David Ricardo

“There can be no greater error then in supposing that capital is increased by non-consumption.”

Greater Errors Consumption Supposing Supposing That

Author:David Ricardo

“The demand for money is regulated entirely by its value, and its value by its quantity.”

Values Demand Quantity

Book:The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch

Source: The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch

“To alter the money value of commodities, by altering the value of money, and yet to raise the same money amount by taxes, is then undoubtedly to increase the burthens of society.”

Values Amount Taxes Increase Raises Commodity Value Of Money

Book:The Works of David Ricardo: With a Notice of the Life and Writings of the Author

Source: The Works of David Ricardo: With a Notice of the Life and Writings of the Author

“Spare me the whispering, crowded room, the friends who come and gape and go, the ceremonious air of gloom - all, which makes death a hideous show.”

Shows Rooms Air Spares Crowded Gloom Hideous Whispering

Book:Delphi Complete Poetical Works of Matthew Arnold (Illustrated)

Source: Delphi Complete Poetical Works of Matthew Arnold (Illustrated)