David Ricardo

Economics English 1772 – 1823 289 quotes

Theory of comparative advantage

Quotes by David Ricardo

The market price of commodities is regulated by the supply and demand.

On the Principles of Political Economy and Taxation 1817

The value of money is regulated by the quantity of it in circulation.

The High Price of Bullion, a Proof of the Depreciation of Bank Notes 1810

The only way to maintain the value of paper money is to make it convertible into gold.

The High Price of Bullion, a Proof of the Depreciation of Bank Notes 1810

The interest of the community is always promoted by the greatest possible production of wealth.

On the Principles of Political Economy and Taxation 1817

The greater the portion of the produce of the land which is absorbed by rent, the less remains for the maintenance of the labourers.

On the Principles of Political Economy and Taxation 1817

It is not by the produce of his labour that man is enriched, but by the produce of his capital.

Principles of Political Economy and Taxation

To save from income, and to add to capital, is the way to become rich.

Principles of Political Economy and Taxation

It is not because of the produce of his labour that man is enriched, but by the produce of his capital.

Principles of Political Economy and Taxation

The farmer and manufacturer can no more live without profit than the labourer without wages.

Principles of Political Economy and Taxation

Nothing is more common than to hear it said that a rich country cannot long be a manufacturing country.

Principles of Political Economy and Taxation

The quantity of money in a country must depend on the quantity of commodities which it has to exchange.

Principles of Political Economy and Taxation

The difficulty of obtaining food is the great check to the increase of population.

Principles of Political Economy and Taxation

It is a truth which has been long known, that the rate of profit is determined by the proportion which the whole capital bears to the whole produce.

Principles of Political Economy and Taxation

The landlord, like all other men, loves to reap where he has not sown.

Principles of Political Economy and Taxation

The corn laws are a tax on the whole community for the benefit of a part.

Principles of Political Economy and Taxation

It is not by the actual proportion of the produce of land, that the rent is regulated, but by the difference of its productive powers.

On the Principles of Political Economy and Taxation 1817

The value of money is subject to the same laws as the value of other commodities.

On the Principles of Political Economy and Taxation 1817

The quantity of labour bestowed on the production of commodities regulates their exchangeable value.

On the Principles of Political Economy and Taxation 1817

It is not the abundance of gold and silver, but the abundance of commodities, which constitutes the wealth of a nation.

Attributed

The true value of a thing is the quantity of labour required to produce it.

On the Principles of Political Economy and Taxation 1817