81 Quotes by David Ricardo

The interest of the landlord is always opposed to the interests of every other class in the community.

Rent is the portion of the earth, which is paid to the landlord for the user of the original and indestructible powers of the soil

The produce of the earth - all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community, namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it is cultivated.

Utility then is not the measure of exchangeable value, although it is absolutely essential to it.

It has therefore been justly observed that however honestly the coin of a country may conform to its standard, money made of gold and silver is still liable to fluctuations in value, not only to accidental, and temporary, but to permanent and natural variations, in the same manner as other commodities.

LABOUR, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, on with another, to subsist and to perpetuate their race, without either increase or diminution.

The demand for money is regulated entirely by its value, and its value by its quantity.

To alter the money value of commodities, by altering the value of money, and yet to raise the same money amount by taxes, is then undoubtedly to increase the burthens of society.

The factors left out of the Ricardian equation are falling wages and idle capacity.