“I have already expressed my opinion on this subject in treating of rent, and have now only further to add, that rent is a creation of value, as I understand that word, but not a creation of wealth.”
Quote by David Ricardo
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
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 price of corn will naturally rise with the difficulty of producing the last portions of it.”
Source: On the Principles of Political Economy, and Taxation