In the same manner if any nation wasted part of its wealth, or lost part of its trade, it could not retain the same quantity of circulating medium which it before possessed.
More Quotes from David Ricardo:
After all the fertile land in the immediate neighbourhood of the first settlers were cultivated, if capital and population increased, more food would be required, and it could only be procured from land not so advantageously situated.David Ricardo
Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production.
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
NOTHING contributes so much to the prosperity and happiness of a country as high profits.
David Ricardo
Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.
David Ricardo
There can be no rise in the value of labour without a fall of profits.
David Ricardo
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Based on Topics: Business & Commerce Quotes, Money & Wealth QuotesBased on Keywords: circulating, quantity
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