“If a commodity were in no way useful, - in other words, if it could in no way contribute to our gratification, - it would be destitute of exchangeable value, however scarce it might be, or whatever quantity of labour might be necessary to procure it.”
Quote by David Ricardo
Work
On the Principles of Political Economy, and Taxation
This book explores the fundamental principles of political economy and taxation, offering a detailed analysis of economic systems and fiscal policies. 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
You May Also Like
Source: The Project50 (Reinventing Work): Fifty Ways to Transform Every
“The party of ideas has become the party of Beavis and Butthead.”
“I'm trying to find out NOT how Nature could be, but how Nature IS.”
Source: The Quotable Feynman
“I fear the prayers of John Knox more than all the assembled armies of Europe”
“My new dress. Do you like it? It's from my favorite designer, On Sale.”
“The great man is always the man of mighty effort.”
Source: The Strenuous Life: Essays and Addresses
Source: I Married Adventure
“Tonight you will eat fish. Tomorrow, you may die.”
Source: The Dragon Reborn: Book Three of 'The Wheel of Time'