The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution.
David Ricardo Quotes
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.
Similar Quotes
A professional who bats exactly like an amateur.
- Sir Pelham WarnerThe power of the sword, say the minority... is in the hands of Congress.
- Tench CoxeBeauty is power; a smile is its sword.
- John RayPower in America today is control of the means of communication.
- Theodore H. WhiteWhen a man of my name is in power, he must do great things.
- Napoleon IIIComments on: "David Ricardo Quotes: Gold and silver are no doubt subject to fluctuations, from the discovery of..."
-
It is not to be understood that the natural price of labour, estimated even in food and necessaries, is absolutely fixed and constant. It varies at different times in the same country and very materially differs in different countries. It essentially depends on the habits and customs of the people.
Topics in Uncategorized
Birth: | 18th April, 1772 |
Death: | 11th September, 1823 |
Nationality: | British |
Profession: | Economist |
David Ricardo was born in London. He was a British political economist, stock trader, and author. He was often credited with systematising economics, and was one of the most influential of the classical economists, along with Thomas Malthus, Adam Smith, and John Stuart Mill.
Related Authors
Advertisement
Today's Anniversary - 24th November
Births
- 1957 - Denise Crosby
- 1942 - Marlin Fitzwater
- 1713 - Laurence Sterne
- 1925 - William F. Buckley, Jr.
- 1960 - Paul Tagliabue
Deaths
- 2005 - Pat Morita
- 2004 - Warren Spahn
- 1957 - Diego Rivera
- 1990 - Fred Shero
- 1991 - Paul Charles Caravello
Quote of the day
Popular Topics
About Quoteswave
Our mission is to motivate, boost self confiedence and inspire people to Love life, live life and surf life with words.
Share with your friends