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 RICARDO
DAVID RICARDO
David Ricardo on fertile
David Ricardo55 quotes“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.”
Filed under
More from David 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 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 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
Original quotes
From our community writers
Our only limitation is that we only believe what is visible to our eyes and audible to our ears.
Shilpa GoelShilpa Goel Some days, you will be close to the finish line and still not make it.
Sonia SabnisSonia Sabnis Life-transforming ideas have always come to me through books.
Bell HooksBell Hooks I separated someplace for each person in my heart, But she claimed to be the owner of it.
Moses AlexanderMoses Alexander Modern-day love stories are born not out of love, but a tired mind and a restless heart.
Puneet MehraPuneet Mehra Forcing things only creates more tension in the mind. Let go.
Ayaka HaseAyaka Hase It doesn’t take courage to find peace in the arms of destiny. It takes faith.
Anamika GargAnamika Garg I can’t wait to collect memories from every corner of the earth to splash in the vastness of this beautiful world.
Julia Kellogg HenryJulia Kellogg Henry
Meet the writers