David Ricardo

Economics English 1772 – 1823 289 quotes

Theory of comparative advantage

Quotes by David Ricardo

The profits of stock are always tending to a minimum.

On the Principles of Political Economy and Taxation 1817

The value of a commodity is not determined by the accidental and temporary fluctuations of the market, but by the natural and permanent conditions of its production.

On the Principles of Political Economy and Taxation 1817

The accumulation of capital is the great means of increasing the demand for labour.

On the Principles of Political Economy and Taxation 1817

The value of money is not determined by the quantity of the precious metals, but by the quantity of labour necessary to produce them.

On the Principles of Political Economy and Taxation 1817

The value of a commodity is not determined by the utility which it possesses, but by the quantity of labour necessary to produce it.

On the Principles of Political Economy and Taxation 1817

The profits of stock are the reward for the employment of capital, and are regulated by the general rate of profits.

On the Principles of Political Economy and Taxation 1817

The value of a commodity is not determined by the wages of labour, but by the quantity of labour.

On the Principles of Political Economy and Taxation 1817

The profits of stock are the reward for the abstinence from immediate consumption.

On the Principles of Political Economy and Taxation 1817

The value of a commodity is not determined by the rent of land, but by the quantity of labour necessary to produce it.

On the Principles of Political Economy and Taxation 1817

The profits of stock are the reward for the risk incurred in the employment of capital.

On the Principles of Political Economy and Taxation 1817

The value of a commodity is not determined by the demand for it, but by the quantity of labour necessary to produce it.

On the Principles of Political Economy and Taxation 1817

The profits of stock are the reward for the skill and superintendence of the capitalist.

On the Principles of Political Economy and Taxation 1817

The value of a commodity is not determined by the cost of its production, but by the quantity of labour necessary to produce it.

On the Principles of Political Economy and Taxation 1817

The profits of stock are the reward for the employment of capital in productive industry.

On the Principles of Political Economy and Taxation 1817

I have been reading Adam Smith with great attention, and I am more and more convinced that the great principles of political economy are to be found in his work.

Letter to T.R. Malthus 1810

It is not by the produce of land, nor by the produce of labour, but by the produce of capital, that the wealth of a country is determined.

Letter to Robert Torrens 1815

The profits of the farmer are regulated by the price of corn, and the profits of the manufacturer by the price of his goods.

Letter to James Mill 1817

The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution.

Letter to T.R. Malthus 1817

The quantity of money in circulation is not the only, nor perhaps the principal, cause of the rise and fall of prices.

Letter to T.R. Malthus 1810

The true value of money is to be measured by the quantity of labour which it will command.

Letter to James Mill 1810