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 of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.
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 of wages from this cause will, indeed, be invariably accompanied by..."
-
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 - 21st November
Births
- 1952 - Lorna Luft
- 1958 - Rickson Gracie
- 1870 - Mary Johnston
- 1953 - Tina Brown
- 1844 - Ada Cambridge
Deaths
- 1996 - Mohammad Abdus Salam
- 1959 - Max Baer
- 1958 - Mel Ott
- 1926 - Joseph McKenna
- 1969 - Norman Lindsay
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