Labour, like all other things which are purchased and sold, has its natural and its market price.
DAVID RICARDO
DAVID RICARDO
David Ricardo on purchase
David Ricardo55 quotes“Labour, like all other things which are purchased and sold, has its natural and its market price.”
More from David 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 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 Money is neither a material to work upon nor a tool to work with.
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
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.
Ananya BhaskarAnanya Bhaskar
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More on purchase
No man can purchase his virtue too dear, for it is the only thing whose value must ever increase with the price it has cost us. Our integrity is never worth so much as when we have parted with our all to keep it.
Charles Caleb ColtonCharles Caleb Colton The crush of lobbyists on Washington and purchase of the media by corporations has created a big business-run government and a worthless press leaving Americans screwed and ill-informed.
Adam McKayAdam McKay By Christ’s purchasing redemption, two things are intended: his satisfaction and his merit; the one pays our debt, and so satisfies; the other procures our title, and so merits. The satisfaction of Christ is to free us from misery; the merit of Christ is to purchase happiness for us.
Jonathan EdwardsJonathan Edwards There is no need to buy dividers or any other gadget. You can solve your storage problems with things you already have in the house. The most common item I use is an empty shoebox.
Marie KondoMarie Kondo No hero to me is the man who, by easy shedding of his blood, purchases fame: my hero is he who, without death, can win praise.
MartialMartial Money is the fuel for choices. Money gives me choices, so it’s not nothing, it’s something. But it’s not the end all, be all. There are other things in my life that I did not purchase with money that are very valuable.
Dave ChappelleDave Chappelle Labour was the first price, the original purchase – money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
Adam SmithAdam Smith Use the same measure for selling that you use for purchasing.
Abu BakrAbu Bakr