“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.”
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
You May Also Like
“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.”