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Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the with the universal good of the whole. By stimulating industry, by rewarding ingenuity, and by using most efficaciously the peculiar powers bestowed by nature, it distributes labour most effectively and most economically: while, by increasing the general mass of productions, it diffuses general benefit, and binds together, by one common tie of interest and intercourse, the universal society of nations throughout the civilized world.

David Ricardo
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I have already expressed my opinion on this subject in treating of rent, and have now only further to add, that rent is a creation of value, as I understand that word, but not a creation of wealth.

David Ricardo
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Money is neither a material to work upon nor a tool to work with.

David Ricardo
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Quote of the day

One of the first signs of the beginnings of understanding is the wish to die. This life appears unbearable, another unattainable. One is no longer ashamed of wanting to die; one asks to be moved from the old cell, which one hates, to a new one, which one will only in time come to hate.
Franz Kafka

David Ricardo

David Ricardo
Creative Commons

Born: April 18, 1772
Died: September 11, 1823 (aged 51)
Bio: David Ricardo was an English political economist. He was one of the most influential of the classical economists, along with Thomas Malthus, Adam Smith, and James Mill.
Known for:
  1. David Ricardo
  2. Economic essays
  3. On protection to agriculture (1822)
Most used words:
  • money
  • price
  • capital
  • commodities
  • labour
  • wages
  • fall
  • profits
  • rise
  • quantity
  • increase
  • rent
  • demand
  • country
  • corn

WikipediaDavid Ricardo on Wikipedia
Gutenberg ProjectDavid Ricardo works on Gutenberg Project
WikisourceDavid Ricardo works on Wikisource

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