Money is neither a material to work upon nor a tool to work with.
DAVID RICARDO
DAVID RICARDO
David Ricardo on material
David Ricardo55 quotes“Money is neither a material to work upon nor a tool to work with.”
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 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 Labour, like all other things which are purchased and sold, has its natural and its market price.
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
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We’re not metaphysicians, we’re not idealists, we’re dialectical materialists. And we deal with what reality is, whether we like it or not.
Fred HamptonFred Hampton There’s more to life than physical and material.
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