David Ricardo
Theory of comparative advantage
Quotes by David Ricardo
The quantity of money in a country is regulated by the wants of commerce.
The only way to prevent the depreciation of paper money is to make it convertible into specie.
The interest of the consumer is always the same as the interest of the producer.
The greater the portion of the produce of the land which is absorbed by rent, the less remains for the profits of stock.
The progress of society is marked by the increasing difficulty of procuring food.
The demand for labour depends on the quantity of capital employed in its production.
The rate of wages is determined by the proportion between capital and population.
The natural price of labour is not a fixed and unalterable quantity.
The market price of labour may deviate considerably from its natural price.
The profits of stock are the reward of abstinence.
The value of a commodity is not affected by the wages paid to the labourers who produce it.
The only way to increase the wealth of a nation is to increase its capital.
The interest of the landlord is always opposed to the interest of the capitalist and the labourer.
The corn laws are a tax on the whole community, for the benefit of a particular class.
The funding system is a system of perpetual taxation.
The only way to reduce the national debt is to reduce the public expenditure.
The true policy of a country is to allow the greatest possible freedom of trade.
The accumulation of capital is the result of saving.
The division of labour increases the productive powers of labour.
The natural tendency of things is for profits to fall.