David Ricardo Quote

The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.

Chapter XXX, Influence of Demand and Supply, p. 260 - The Principles of Political Economy and Taxation (1821) (Third Edition)

The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in...

The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in...

The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in...

The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in...