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David Ricardo -
Profits
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12 Sourced Quotes
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There can be no rise in the value of labour
without a fall of profits.
David Ricardo
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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.
David Ricardo
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During the period of capital moving from one employment to another, the profits on that to which capital is flowing will be relatively high, but will continue so no longer than till the requisite capital is obtained.
David Ricardo
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The variation in the value of money, however great, makes no difference in the rate of profits;...
David Ricardo
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Nothing contributes so much to the prosperity and happiness of a country as high profits.
David Ricardo
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But a tax on luxuries would no other effect than to raise their price. It would fall wholly on the consumer, and could neither increase wages nor lower profits.
David Ricardo
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There is no way of keeping profits up but by keeping wages down.
David Ricardo
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The farmer and manufacturer can no more live without profit than the labourer without wages.
David Ricardo
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It has been my endeavour to show in this work that a fall of wages would have no other effect than to raise profits.
David Ricardo
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Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production.
David Ricardo
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Whenever, then, the usual and ordinary rate of the profits of agricultural stock, and all the outgoings belonging to the cultivation of land, are together equal to the value of the whole produce, there can be no rent.
David Ricardo
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It is not by the absolute quantity of produce obtained by either class, that we can correctly judge of the rate of profit, rent, and wages, but by the quantity of labour required to obtain that produce.
David Ricardo
Quote of the day
Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
David Ricardo
Creative Commons
Born:
April 18, 1772
Died:
September 11, 1823
(aged 51)
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