David Ricardo Quotes Quotes

Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production.
The exchangeable value of all commodities, rises as the difficulties of their production increase.
The facility of obtaining food is beneficial in two ways to the owners of capital, it at the same time raises profits and increases the amount of consumable commodities.
The proportions, too, in which the capital that is to support labour, and the capital that is invested in tools, machinery and buildings, may be variously combined.
The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state.
There can be no rise in the value of labour without a fall of profits.
Whenever, then, the usual and ordinary rate of the profits of agricultural stock, and all the outgoings belonging to the cultivation of land, are together equal to the value of the whole produce, there can be no rent.
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AuthorName
David Ricardo
Profession
Economist
BirthDate
18 April, 1772
DeathDate
11 September, 1823
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