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 RICARDO
DAVID RICARDO
David Ricardo on commodity
David Ricardo55 quotes“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.”
More from David Ricardo
The factors left out of the Ricardian equation are falling wages and idle capacity.
David RicardoDavid Ricardo Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.
David RicardoDavid Ricardo I have already expressed my opinion on this subject in treating of rent, and have now only further to add, that rent is a creation of value, as I understand that word, but not a creation of wealth.
David RicardoDavid 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 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
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More on commodity
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 Peace is the most valuable commodity. And it’s free!
Ajahn BrahmAjahn Brahm “Global culture” is of course not a culture: it’s the global marketing and imposing of commodities and images for the interests of the few at the expense of the many.
Adrienne RichAdrienne Rich Common sense is the most widely shared commodity in the world, for every man is convinced that he is well supplied with it.
Rene DescartesRene Descartes Man truly achieves his full human condition when he produces without being compelled by the physical necessity of selling himself as a commodity.
Che GuevaraChe Guevara Gold is the most precious of all commodities.
Christopher ColumbusChristopher Columbus