David Ricardo

No alteration in the wages of labour could produce any alteration in the relative value of these commodities.

The profits of stock, in different employments, are generally on a level, or constantly tending to a level.

The rate of profit can never be increased but by a fall in the price of corn.

It is by the extension of the market alone, that the division of labour can be extended.

The value of money, it is true, is subject to the same laws as that of other commodities.

The quantity of money in a country must bear some proportion to the quantity of commodities which it circulates.

The corn laws, then, are a tax on the community, for the benefit of the landlords and farmers.

It is not by the produce of the land, but by the produce of labour, that the value of all commodities is determined.

The profits of the farmer, or of any other capitalist, are regulated by the general rate of profits.

With every increase of capital, the demand for labour would increase, and wages would rise.

The value of a commodity is not affected by the greater or less facility with which it is produced, but by the greater or less quantity of labour necessary to produce it.

The accumulation of capital, by increasing the demand for labour, tends to increase the wages of labour.

The natural tendency of profits is to fall; for, in the progress of society and wealth, the additional quantity of food required is obtained by the sacrifice of more and more labour.

The value of gold and silver, like the value of all other commodities, is regulated by the quantity of labour necessary to produce them.

The principle of population, as expounded by Mr. Malthus, is of the utmost importance in political economy.

The profits of stock are the reward for the employment of capital.

The rate of profit is determined by the proportion which the whole produce bears to the whole capital employed.

The value of money is inversely as its quantity, multiplied by the rapidity of its circulation.

The value of a commodity is not determined by the value of the labour employed in its production, but by the quantity of labour.

The value of a commodity, or the quantity of any other commodity for which it will exchange, depends on the relative quantity of labour which is necessary for its production.