Profits are not made by differential cleverness, but by differential stupidity.
DAVID RICARDO
DAVID RICARDO
David Ricardo on profit
David Ricardo55 quotes“Profits are not made by differential cleverness, but by differential stupidity.”
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Nothing contributes so much to the prosperity and happiness of a country as high profits.
David RicardoDavid Ricardo 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.
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 The variation in the value of money, however great, makes no difference in the rate of profits.
David RicardoDavid Ricardo A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits.
David RicardoDavid 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
Original quotes
From our community writers
And in the end when the money is gone – will you still stay it was worth it.
M.K. StandbyM.K. Standby My soul speaks a language, only you can understand.
Ginnie BaleGinnie Bale In another life, you kept your word, and forever’s still ours for the taking.
Harriet SelinaHarriet Selina Journey with struggle becomes a great tale in the future.
Carla StokesCarla Stokes I’m not asking that you take the bullet for me. I wish you’d shoot first.
Danielle MontgomeryDanielle Montgomery A rainy day is the perfect excuse to explore deeper feelings.
Emily BockEmily Bock Stop taking care of everyone else before you take care of yourself.
Claire VinsonClaire Vinson Music is a weed, we all fallen souls are high on.
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More on profit
What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
Rakesh JhunjhunwalaRakesh Jhunjhunwala We got more provisions for our whiskey than the same money, which we paid for the liquor, would have bought; so after all it proved a very profitable investment.
Buffalo BillBuffalo Bill I plan to publicize my breakups and profit from them like other celebrities.
Trixie MattelTrixie Mattel All churches, whether Jewish, Christian or Muslim, are simply human inventions. They use fear to enslave us. They are a monopoly for power and profit.
Thomas PaineThomas Paine To me, P and L doesn’t only mean profit and loss – it also means people and love.
Mary Kay AshMary Kay Ash You do not require an invitation to make profits.
Dhirubhai AmbaniDhirubhai Ambani The rate of profit is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.
Adam SmithAdam Smith It is unjust that the whole of society should contribute towards an expence of which the benefit is confined to a part of the society.
Adam SmithAdam Smith