Labour, like all other things which are purchased and sold, has its natural and its market price.
DAVID RICARDO
DAVID RICARDO
David Ricardo on purchase
David Ricardo55 quotes“Labour, like all other things which are purchased and sold, has its natural and its market price.”
More from David Ricardo
As the revenue of the farmer is realized in raw produce, or in the value of raw produce, he is interested, as well as the landlord, in its high exchangeable value, but a low price of produce may be compensated to him by a great additional quantity.
David RicardoDavid Ricardo But a tax on luxuries would no other effect than to raise their price. It would fall wholly on the consumer, and could neither increase wages nor lower profits.
David RicardoDavid Ricardo For price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.
David RicardoDavid Ricardo There can be no greater error then in supposing that capital is increased by non-consumption.
David RicardoDavid Ricardo Whenever, then, the usual and ordinary rate of the profits of agricultural stock, and all the outgoings belonging to the cultivation of land, are together equal to the value of the whole produce, there can be no rent.
David RicardoDavid Ricardo It is not by the absolute quantity of produce obtained by either class, that we can correctly judge of the rate of profit, rent, and wages, but by the quantity of labour required to obtain that produce.
David RicardoDavid Ricardo Money is neither a material to work upon nor a tool to work with.
David RicardoDavid Ricardo The wheat bought by a farmer to sow is comparatively a fixed capital to the wheat purchased by a baker to make into loaves.
David RicardoDavid Ricardo The price of corn will naturally rise with the difficulty of producing the last portions of it.
David RicardoDavid Ricardo Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter only the value of the money they issued.
David RicardoDavid 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 RicardoDavid Ricardo Whenever the current of money is forcibly stopped, and when money is prevented from settling at its just level, there are no limits to the possible variations of the exchange.
David RicardoDavid Ricardo The exchangeable value of all commodities rises as the difficulties of their production increase.
David RicardoDavid Ricardo Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.
David RicardoDavid Ricardo I wish that I may never think the smiles of the great and powerful a sufficient inducement to turn aside from the straight path of honesty and the convictions of my own mind.
David RicardoDavid Ricardo No extension of foreign trade will immediately increase the amount of value in a country, although it will very powerfully contribute to increase the mass of commodities and therefore the sum of enjoyments.
David RicardoDavid Ricardo
Original quotes
From our community writers
They bleed not in the mouth but through their ink – indelible and dark.
Juana GarciaJuana Garcia I would rather shoot my arrows than keep them in my bow, I would rather risk it all than risk nothing at all.
ShamaShama I wish I knew then all of the things I know now that I am enough.
TMCTMC I feel like I’m on fire, fighting for a moment on respite – I’m not placing bets.
M.K. StandbyM.K. Standby I found him in all the chaos, and that was when my world started making sense again.
MoomerMoomer The judgement that people cast on you for how you do or do not appear is nothing more than just a projection of their own wounds.
Taj AroraTaj Arora Be grateful for what you have now, even if it’s not everything you wanted.
Sonia SabnisSonia Sabnis It seems strange how we look in the same mirror, yet what stares back, is so painfully different.
Chris AllchinChris Allchin
More on purchase
No man can purchase his virtue too dear, for it is the only thing whose value must ever increase with the price it has cost us. Our integrity is never worth so much as when we have parted with our all to keep it.
Charles Caleb ColtonCharles Caleb Colton The crush of lobbyists on Washington and purchase of the media by corporations has created a big business-run government and a worthless press leaving Americans screwed and ill-informed.
Adam McKayAdam McKay By Christ’s purchasing redemption, two things are intended: his satisfaction and his merit; the one pays our debt, and so satisfies; the other procures our title, and so merits. The satisfaction of Christ is to free us from misery; the merit of Christ is to purchase happiness for us.
Jonathan EdwardsJonathan Edwards There is no need to buy dividers or any other gadget. You can solve your storage problems with things you already have in the house. The most common item I use is an empty shoebox.
Marie KondoMarie Kondo No hero to me is the man who, by easy shedding of his blood, purchases fame: my hero is he who, without death, can win praise.
MartialMartial Money is the fuel for choices. Money gives me choices, so it’s not nothing, it’s something. But it’s not the end all, be all. There are other things in my life that I did not purchase with money that are very valuable.
Dave ChappelleDave Chappelle Labour was the first price, the original purchase – money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
Adam SmithAdam Smith Use the same measure for selling that you use for purchasing.
Abu BakrAbu Bakr