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.

Quote by David Ricardo

Topics: David Ricardo Quotes

Gold and silver are no doubt subject to fluctuations, from the discovery of new and...

Gold and silver are no doubt subject to fluctuations, from the discovery of new and...

If the demand for home commodities should be diminished, because of the fall of rent...

If the demand for home commodities should be diminished, because of the fall of rent...

Whenever, then, the usual and ordinary rate of the profits of agricultural stock, and all...

Whenever, then, the usual and ordinary rate of the profits of agricultural stock, and all...

It is not by the absolute quantity of produce obtained by either class, that we...

It is not by the absolute quantity of produce obtained by either class, that we...

Gold, on the contrary, though of little use compared with air or water, will exchange...

Gold, on the contrary, though of little use compared with air or water, will exchange...

The exchangeable value of all commodities, rises as the difficulties of their production increase.

The exchangeable value of all commodities, rises as the difficulties of their production increase.

After all the fertile land in the immediate neighbourhood of the first settlers were cultivated,...

After all the fertile land in the immediate neighbourhood of the first settlers were cultivated,...

By far the greatest part of those goods which are the objects of desire, are...

By far the greatest part of those goods which are the objects of desire, are...

The facility of obtaining food is beneficial in two ways to the owners of capital,...

The facility of obtaining food is beneficial in two ways to the owners of capital,...

If then the prosperity of the commercial classes, will most certainly lead to accumulation of...

If then the prosperity of the commercial classes, will most certainly lead to accumulation of...

During the period of capital moving from one employment to another, the profits on that...

During the period of capital moving from one employment to another, the profits on that...

A rise in wages, from an alteration in the value of money, produces a general...

A rise in wages, from an alteration in the value of money, produces a general...

As the revenue of the farmer is realized in raw produce, or in the value...

As the revenue of the farmer is realized in raw produce, or in the value...

In stating the principles which regulate exchangeable value and price, we should carefully distinguish between...

In stating the principles which regulate exchangeable value and price, we should carefully distinguish between...

Again two manufacturers may employ the same amount of fixed, and the same amount of...

Again two manufacturers may employ the same amount of fixed, and the same amount of...

The rise or fall of wages is common to all states of society, whether it...

The rise or fall of wages is common to all states of society, whether it...

If a commodity were in no way useful, - in other words, if it could...

If a commodity were in no way useful, - in other words, if it could...

If we were left to ourselves, unfettered by legislative enactments, we should gradually withdraw our...

If we were left to ourselves, unfettered by legislative enactments, we should gradually withdraw our...

But a rise in the wages of labour would not equally affect commodities produced with...

But a rise in the wages of labour would not equally affect commodities produced with...

Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but...

Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but...