If I discover a manure which will enable me to make a piece of land produce 20 per cent more corn, I may withdraw at least a portion of my capital from the most unproductive part of my farm.
DAVID RICARDOIf I discover a manure which will enable me to make a piece of land produce 20 per cent more corn, I may withdraw at least a portion of my capital from the most unproductive part of my farm.
DAVID RICARDOThe interest of the landlord is always opposed to the interests of every other class in the community.
DAVID RICARDOThe demand for money is regulated entirely by its value, and its value by its quantity.
DAVID RICARDOThere can be no rise in the value of labour without a fall of profits.
DAVID RICARDOThe wheat bought by a farmer to sow is comparatively a fixed capital to the wheat purchased by a baker to make into loaves.
DAVID RICARDOIf 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 RICARDOCalled an inquiry into the laws which determine the division of the produce.
DAVID RICARDONothing contributes so much to the prosperity and happiness of a country as high profits.
DAVID RICARDOIf 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 RICARDOA 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 RICARDOBut 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 RICARDOPossessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.
DAVID RICARDORent 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 RICARDOWhether 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 RICARDOLabour, like all other things which are purchased and sold, has its natural and its market price.
DAVID RICARDOIf 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 RICARDO