David Ricardo

Economics English 1772 – 1823 289 quotes

Theory of comparative advantage

Quotes by David Ricardo

The only way to increase the wealth of a nation is to increase its net produce.

On the Principles of Political Economy and Taxation 1817

The market price of labour, though it has a natural tendency to conform to its natural price, may, in the progress of society, deviate considerably from it.

On the Principles of Political Economy and Taxation 1817

The landlord, in a progressive country, is sure to grow rich, in proportion to the increase of population, and the difficulty of procuring food.

On the Principles of Political Economy and Taxation 1817

The capitalist, on the contrary, is constantly struggling against the tendency of profits to fall.

On the Principles of Political Economy and Taxation 1817

The interest of the labourer is strictly connected with the interest of the capitalist.

On the Principles of Political Economy and Taxation 1817

The only security against the fall of profits is the constant application of new inventions, and the constant discovery of new markets.

On the Principles of Political Economy and Taxation 1817

The quantity of money in circulation is not the cause, but the effect, of the prices of commodities.

On the Principles of Political Economy and Taxation 1817

The funding system is a great evil, and ought to be abolished.

On the Principles of Political Economy and Taxation 1817

The national debt is a great evil, and ought to be paid off.

On the Principles of Political Economy and Taxation 1817

The only way to pay off the national debt is by a great exertion of economy and industry.

On the Principles of Political Economy and Taxation 1817

The principle of free trade is founded on the most solid grounds.

On the Principles of Political Economy and Taxation 1817

The advantage of foreign trade is not that it enables us to obtain commodities cheaper, but that it enables us to obtain more commodities for the same quantity of labour.

On the Principles of Political Economy and Taxation 1817

The greatest benefit which a country can derive from foreign trade is the power of obtaining a greater quantity of raw produce.

On the Principles of Political Economy and Taxation 1817

The true value of money is its purchasing power.

On the Principles of Political Economy and Taxation 1817

The quantity of money in a country is always regulated by the wants of the community.

On the Principles of Political Economy and Taxation 1817

The only way to prevent the depreciation of money is to limit its quantity.

On the Principles of Political Economy and Taxation 1817

The Bank of England ought to be deprived of its monopoly.

On the Principles of Political Economy and Taxation 1817

The only way to secure a sound currency is to make it convertible into gold.

On the Principles of Political Economy and Taxation 1817

The true measure of the value of gold is the quantity of labour necessary to produce it.

On the Principles of Political Economy and Taxation 1817

The value of commodities is regulated by the cost of production, and not by the demand for them.

On the Principles of Political Economy and Taxation 1817