David Ricardo
David Ricardo
David Ricardowas an English political economist. He was one of the most influential of the classical economists, along with Thomas Malthus, Adam Smith, and James Mill...
NationalityBritish
ProfessionNon-Fiction Author
Date of Birth18 April 1772
encouragement fall mean
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.
fall wages capacity
The factors left out of the Ricardian equation are falling wages and idle capacity.
fall luxury wages
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.
fall home class
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.
real fall machines
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.
fall profit labour
There can be no rise in the value of labour without a fall of profits.
british-economist course falls occasion profits rent stock
In the course of these observations, I have often had occasion to insist, that rent never falls without the profits of stock rising.
amount beneficial british-economist facility food increases obtaining owners raises time ways
The facility of obtaining food is beneficial in two ways to the owners of capital, it at the same time raises profits and increases the amount of consumable commodities.
british-economist capital invested machinery
The proportions, too, in which the capital that is to support labour, and the capital that is invested in tools, machinery and buildings, may be variously combined.
british-economist common retrograde states wages whether
The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state.
british-economist
The exchangeable value of all commodities, rises as the difficulties of their production increase.
british-economist capital gradually left produce withdraw
If we were left to ourselves, unfettered by legislative enactments, we should gradually withdraw our capital from the cultivation of such lands, and import the produce which is at present raised upon them.
attended both british-economist comparing equally intensity needs particular periods required scarcely therefore
In comparing therefore the value of the same commodity, at different periods of time, the consideration of the comparative skill and intensity of labour, required for that particular commodity, needs scarcely to be attended to, as it operates equally at both periods.
belong british-economist carefully commodity medium regulate variations
In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed.