The factors left out of the Ricardian equation are falling wages and idle capacity. David Ricardo More Quotes by David Ricardo More Quotes From David Ricardo A BOUNTY on the exportation of corn tends to lower its price to the foreign consumer, but it has no permanent effect on its price in the home market. David Ricardo consumerscornhome The produce of the earth - all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community, namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it is cultivated. David Ricardo communitylandclass 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 Ricardo agriculturelandtogether To alter the money value of commodities, by altering the value of money, and yet to raise the same money amount by taxes, is then undoubtedly to increase the burthens of society. David Ricardo commoditytaxesincrease There can be no rise in the value of labour without a fall of profits. David Ricardo valuerisefinancefall 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. David Ricardo belongpricevalueprinciples The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state. David Ricardo risewagessocietyfall If the quantity of labour realized in commodities, regulate their exchangeable value, every increase of the quantity of labour must augment the value of that commodity on which it is exercised, as every diminution must lower it. David Ricardo valuemustquantitylabour 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. David Ricardo legislativepresentourleft 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. David Ricardo valueskilldifferenttime 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. David Ricardo sametimefoodtwo 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. David Ricardo buildingssupporttoolsmay
