David Ricardo on commodity
David Ricardo55 quotes“If a commodity were in no way useful, – in other words, if it could in no way contribute to our gratification, – it would be destitute of exchangeable value, however scarce it might be, or whatever quantity of labour might be necessary to procure it.”
More from David Ricardo
The demand for money is regulated entirely by its value, and its value by its quantity.
David RicardoDavid Ricardo If English money was of the same value then as before, Hamburgh money must have risen in value. But where is the proof of this?
David RicardoDavid Ricardo Profits are not made by differential cleverness, but by differential stupidity.
David RicardoDavid Ricardo Gold and silver are no doubt subject to fluctuations, from the discovery of new and more abundant mines; but such discoveries are rare, and their effects, though powerful, are limited to periods of comparatively short duration.
David RicardoDavid Ricardo 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
David RicardoDavid Ricardo Nothing contributes so much to the prosperity and happiness of a country as high profits.
David RicardoDavid Ricardo Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.
David RicardoDavid Ricardo If the demand for home commodities should be diminished, because of the fall of rent on the part of the landlords, it will be increased in a far greater degree by the increased opulence of the commercial classes.
David RicardoDavid Ricardo There is no way of keeping profits up but by keeping wages down.
David RicardoDavid Ricardo Like all other contracts, wages should be left to the fair and free competition of themarket, and should never be controlled by the interference of the legislature.
David RicardoDavid Ricardo After all the fertile land in the immediate neighbourhood of the first settlers were cultivated, if capital and population increased, more food would be required, and it could only be procured from land not so advantageously situated.
David RicardoDavid Ricardo Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production.
David RicardoDavid Ricardo If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can by no means be so surely obtained as by a fall in the price of corn.
David RicardoDavid Ricardo Neither machines, nor the commodities made by them, rise in real value, but all commodities made by machines fall, and fall in proportion to their durability.
David RicardoDavid Ricardo There can be no rise in the value of labour without a fall of profits.
David RicardoDavid Ricardo Called an inquiry into the laws which determine the division of the produce.
David RicardoDavid Ricardo
Original quotes
From our community writers
It is beneath pale blue skies, amongst sycamore trees, and afoot dirtied leaves, my heart, and soul finds peace.
Olivia CliffordOlivia Clifford A wounded heart never stops bleeding.
Ashley PrzywolskiAshley Przywolski I swear the stars align at night just to see you smile.
C.R. ElliottC.R. Elliott I get so lost in your midnight eyes I forget we’re running out of time.
Ana DeeAna Dee The worst thing is not to share our pain with each other when you can.
Ayaka HaseAyaka Hase Love was created for so many reasons and you will always be one of them.
Karla GaleanaKarla Galeana Tired of being tired burnt out from putting our fires.
Jamil ElhageJamil Elhage In the darkness there are no shadows to fear.
Sarah J. MarvinSarah J. Marvin
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More on commodity
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 But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed.
David RicardoDavid Ricardo Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
Alan GreenspanAlan Greenspan Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
Alan GreenspanAlan Greenspan 1 billion of excess cash flow coverage through 2017 and the Access cash flows, along with our major new fee based projects continue to dramatically reduce exposure to commodity prices.
Alun ArmstrongAlun Armstrong Studios are used to have an investment in you, an actual, literal investment in an actor. You paid them some money, you had a contract with them and you were almost like a commodity.
Ben AffleckBen Affleck I believe everybody is creative, and everybody is talented.
Al HirschfeldAl Hirschfeld I just don’t think that everybody is disciplined. I think that’s a rare commodity.
Al HirschfeldAl Hirschfeld
