Author: David Ricardo

Quotes

There can be no rise in the value of labour without a fall of profits.

There can be no rise in the value of labour without a fall of profits.

- David Ricardo

A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits.

A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on 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.

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

Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods.

Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods.

- David Ricardo

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