John Ramsay McCulloch Quotes

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It is to labour... and to labour only, that man owes every thing possessed of exchangeable value. Labour is the talisman that has raised him from the condition of the savage — that has changed the desert and the forest into cultivated fields... Labour tho that has covered the earth with cities and the ocean with ships — of wealth that has given us plenty, comfort, and elegance, instead of want, misery, and barbarism.

John Ramsay McCulloch

The principle of laissez-faire may be safely trusted to in some things but in many more it is wholly inapplicable; and to appeal to it on all occasions savors more of the policy of a parrot than of a statesman or a philosopher.

John Ramsay McCulloch

Smuggling is a crime, which occupies so prominent a place in the criminal legislation of all modem states, is wholly the result of vicious commercial and financial legislation

John Ramsay McCulloch

No arbitrary regulation, no act of the legislature, can add anything to the capital of the country; it can only force it into artificial channels.

John Ramsay McCulloch

John Ramsay McCulloch

John Ramsay McCulloch

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Born: March 1, 1789

Died: November 11, 1864 (aged 75)

Bio: John Ramsey McCulloch was a Scottish economist, author and editor, widely regarded as the leader of the Ricardian school of economists after the death of David Ricardo in 1823.

Known for:

The Principles of Political Economy (1825)
A statistical account of the British Empire (1837)

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