In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed.
More Quotes from David Ricardo:
A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.David Ricardo
But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed.
David Ricardo
NOTHING contributes so much to the prosperity and happiness of a country as high profits.
David Ricardo
The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state.
David Ricardo
Again two manufacturers may employ the same amount of fixed, and the same amount of circulating capital; but the durability of their fixed capitals may be very unequal.
David Ricardo
If we were left to ourselves, unfettered by legislative enactments, we should gradually withdraw our capital from the cultivation of such lands, and import the produce which is at present raised upon them.
David Ricardo
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Based on Topics: Principle Quotes, Value QuotesBased on Keywords: exchangeable, occasioned, stating, variation
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