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
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.
Similar Quotes
No one can earn a million dollars honestly.
- William Jennings BryanPeople first, then money, then things.
- Suze OrmanThe money is great, no way am I complaining.
- David WellsMoney never prevented anyone from being happy or unhappy.
- Eddie BarclayWe buy things we don't need with money we don't have to impress people we don't like.
- Dave RamseyComments on: "David Ricardo Quotes: A rise in wages, from an alteration in the value of money, produces..."
-
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 - 5th November
Births
- 1947 - Peter Noone
- 1963 - Tatum O'Neal
- 1605 - Thomas Shepard
- 1971 - Jonny Greenwood
- 1885 - Will Durant
Deaths
- 1990 - Meir Kahane
- 1944 - Alexis Carrel
- 1975 - Lionel Trilling
- 1963 - Luis Cernuda
- 1881 - Robert Mallet
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