Quote#Politics & Power
The opinions that the price of commodities depends solely on the…
Quote byDavid Ricardo · 1772–1823
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXX, Influence of Demand and Supply, p. 260.
English (original)
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.
— David Ricardo
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The produce of the earth - all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community, namely, the proprietor of the land, the owner of the stock or …
more than any other class of the community, is benefited by the depreciation of money, and injured by the increase of its value.
Money is neither a material to work upon nor a tool to work with.
Sufficiently rich to satisfy all my desires and the reasonable desires of all those about me.
The depreciation of the circulating medium has been more injurious to monied men
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 …