“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.”
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 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.”
Source: The Works of David Ricardo. With a notice of the life and writings of the author: by J. R. McCulloch
Source: On the Principles of Political Economy, and Taxation
Source: The Works of David Ricardo ...
“There can be no greater error then in supposing that capital is increased by non-consumption.”
“The demand for money is regulated entirely by its value, and its value by its quantity.”
Source: 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
Source: Delphi Complete Poetical Works of Matthew Arnold (Illustrated)
“The factors left out of the Ricardian equation are falling wages and idle capacity.”