David Ricardo Quote

Mr. Malthus says, " It has been justly observed by Adam Smith that no equal quantity of productive labour employed in manufactures can ever occasion so great a reproduction as in agriculture. " If Adam Smith speaks of value, he is correct; but if he speaks of riches, which is the important point, he is mistaken; for he has himself defined riches to consist of the necessaries, conveniences, and enjoyments of human life. One set of necessaries and conveniences admits of no comparison with another set; value in use cannot be measured by any known standard; it is differently estimated by different persons.


Chapter XXXII, Malthus on Rent, p. 292 - The Principles of Political Economy and Taxation (1821) (Third Edition)


Mr. Malthus says, It has been justly observed by Adam Smith that no equal quantity of productive labour employed in manufactures can ever occasion so ...

Mr. Malthus says, It has been justly observed by Adam Smith that no equal quantity of productive labour employed in manufactures can ever occasion so ...

Mr. Malthus says, It has been justly observed by Adam Smith that no equal quantity of productive labour employed in manufactures can ever occasion so ...

Mr. Malthus says, It has been justly observed by Adam Smith that no equal quantity of productive labour employed in manufactures can ever occasion so ...