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David Ricardo -
Rent
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For price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.
David Ricardo
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Adam Smith, and other able writers to whom I have alluded, not having viewed correctly the principles of rent, have, it appears to me, overlooked many important truths, which can only be discovered after the subject of rent is thoroughly understood.
David Ricardo
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Rent is that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible powers of the soil.
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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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
Wars and elections are both too big and too small to matter in the long run. The daily work—that goes on, it adds up.
Barbara Kingsolver
David Ricardo
Creative Commons
Born:
April 18, 1772
Died:
September 11, 1823
(aged 51)
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