David Ricardo

Economics English 1772 – 1823 289 quotes

Theory of comparative advantage

Quotes by David Ricardo

The great evil of the present system of our currency is, that it is liable to great and sudden fluctuations.

Letter to T.R. Malthus 1810

I am fully persuaded that the only way to prevent these fluctuations is to make the currency convertible into specie at the will of the holder.

Letter to James Mill 1810

The principle of free trade is one of the most important that can be adopted by any country.

Letter to T.R. Malthus 1817

It is by the extension of commerce, and by the free interchange of commodities, that the wealth of nations is most effectually promoted.

Letter to James Mill 1817

The corn laws are a great evil, and ought to be repealed.

Letter to Robert Torrens 1815

They raise the price of food, and consequently the wages of labour, and thus diminish the profits of capital.

Letter to T.R. Malthus 1815

I have always been of opinion that the best way to promote the happiness of mankind is to allow every man to pursue his own interest in his own way, provided he does not infringe on the rights of others.

Letter to James Mill 1817

I am a great advocate for education, and I think it is the duty of government to provide for the instruction of the poor.

Letter to John Murray 1819

The poor laws are a great evil, and ought to be abolished.

Letter to T.R. Malthus 1817

They encourage idleness and improvidence, and tend to depress the wages of labour.

Letter to James Mill 1817

I am very much interested in the subject of population, and I think that Mr. Malthus has rendered a great service to mankind by his work on that subject.

Letter to T.R. Malthus 1810

The tendency of population to increase beyond the means of subsistence is a most important principle, and one which ought never to be lost sight of.

Letter to James Mill 1810

I have no doubt that the principles of political economy will ultimately prevail, and that the world will be much benefited by their adoption.

Letter to J.L. Mallet 1820

I am very much pleased with the progress that has been made in the science of political economy, and I hope that it will continue to advance.

Letter to John Ramsay McCulloch 1821

I am quite convinced that the true theory of rent is that which I have laid down.

Letter to T.R. Malthus 1815

The landlord is enriched, not by the fertility of the soil, but by the scarcity of fertile land.

Letter to James Mill 1815

The profits of stock are regulated by the rate of wages, and the rate of wages by the price of food.

Letter to T.R. Malthus 1817

It is impossible for the profits of stock to be permanently high, if the wages of labour are also high.

Letter to James Mill 1817

The true interest of the capitalist is to have low wages and high profits.

Letter to Robert Torrens 1817

The true interest of the labourer is to have high wages and low profits.

Letter to T.R. Malthus 1817