compendium of quotes David Ricardo (1772-1823), English economist. He is one of the most prominent representative of the classical school and also one of the great economic theorists. His major work
Principles of Political Economy and Taxation was published in 1817.
"As to other contracts, wages should be delivered to the open competition and free market, and never being hampered intervention by the Governor. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" We calculated that, under favorable circumstances, the population could double in twenty-five years. But in circumstances equally favorable, the national capital could well have doubled in less time. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" I hope to have succeeded in proving that any tax that may cause an increase in wages will be paid through a lower profits, and therefore a tax on wages is really a tax on profits. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" A tax on wages does not weigh on the owner, but he carries on the profits of capital. It does not oblige the master manufacturer to see a profit on the price of his goods, because it will not increase the price, and must therefore pay in full, and without compensation, while the burden such a tax. "
David Ricardo, Principles of Political Economy and Taxation, 1817
"Everyone is free to employ his capital as he pleases, it is natural that seeks to place as the most advantageous, it will not be satisfied with a profit of 10 percent, if, for another job, he can shoot 15 percent. This desire worried, as any capitalist to abandon an investment less lucrative for another who is more tends singularly to establish equality in the rates of all profits, or to fix the proportions so that Interested individuals can estimate and compensate them any advantage that one would have or appear on another. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" In all the rich countries, there are a number of men called capitalists, they do not trade, and they live in the interest of their money, which is used to discount commercial paper, or on loan to the class most industrious state. "
David Ricardo, Principles of Political Economy and Taxation, 1817
"The capitalist who seeks a more profitable use for its funds, must of course weigh all the advantages that a kind of industry can have on another. For this reason, it could give a more profitable use of his money to another job which would offer greater security to property, convenience, or advantage real or imaginary. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" This is not the payment of interest on the national debt, which burdens a nation, and it does is not by suppressing the payment to can be relieved. Only through savings on income and reducing expenditure, the national capital may increase, and the annihilation of the national debt would do nothing to increase income or reduce expenses. Is the profusion of government spending and private, are loans that deplete a country, therefore, any measure which may tend to encourage the economy of the government and a nation of individuals relieve the weight of a burden overwhelms him in removing the top class of society that must bear the pose to another which, after all fairness, must bear its share. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" You get the metal, and all other objects, through work. The nature of the product, the truth, but it is the work of the man who pulls them from the bosom of the earth, and prepares them for our use. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" The tax can never be so evenly distributed it affects the same proportion to the value of all things, keeping them all in the same relative value. He often acts through its indirect effects, in a manner that falls far from the views of the legislature. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" The desire that every man has to maintain its rank in the world, and keep intact his fortune, that the Most taxes are paid by income, they are, in fact, sitting on the capital or income. Consequently, as taxes increase, and government spending, the annual expenditure of the nation must fall, unless the people can not increase its capital and income in the same proportions. It is in the interest of any government to encourage this disposition in the people, and never to raise taxes that will inevitably reach the capital, for one attack and the fund for the maintenance industry, and it decreases hence the future production of the country. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" The tax is that portion of the product Earth and the industry of a country that provides the government. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" As the company progressed, the more natural the price tends to rise, because one of the major commodities that regulate the natural price tends to overbid, given the greater difficulty in acquiring it. However, improvements in agriculture, the discovery of new markets where we can draw supplies may, for some time, object rising commodity prices, and may even lower their natural price. The same causes will produce a similar effect on the natural price of labor. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" The natural price of any commodity, - raw and primitive work excepted - tends to decline as a result of increasing wealth and population, for though one hand, their real value increases by the rising price of natural raw materials, inflation is more than offset by the improvement of machinery, by a better division and distribution of work, and the growing ability of producers in the science and the arts. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" Capital is that part of the wealth of a nation that is used for production. It consists of raw food, clothing, tools and utensils, machinery, raw materials, etc.. ; Needed to make work productive. "
David Ricardo, Principles of Political Economy and Taxation, 1817
"So the desire to any capitalist to divert its funds to a specific job to another more lucrative, which prevents the current price of goods to stay long much above or much below their natural price. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" Things once they are recognized as useful by themselves, derive their exchangeable value from two sources: rarity, and the amount of work necessary to acquire them. "
David Ricardo Principles of Political Economy and Taxation, 1817
"If one considers that the acreage remains the same and that increases the number of workers on this earth, will increase the harvest obtained to a lesser extent than the increase in manpower. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" The pension is not a component of the price of the goods. "
David Ricardo, Principles of Political Economy and Taxation, 1817
"I take it that any significant changes that occur in the relative value of goods due to greater or lesser amount of work required, from one period to another, to produce them. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" It's the cost of production which ultimately determines the price of goods. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" Because each capitalist wishes to divert its capital to more profitable jobs, prices of goods on the market does not remain long beyond or below their natural price. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" If a tax, as heavy as it is, levied on income, not capital, it does not reduce request, but does that change the nature. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" To make a sustainable wealth, abolish our prohibitions and our limitations, and stop to thwart the benevolent wisdom of Providence. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" Suppose two workers knowing one another and make shoes and hats: one of them can excel in both trades, either by making hats, he wins over his rival as a fifth or 20%, while working on shoes, he has an advantage over him by a third or 33%. Would it not in the interest of both the worker dressed as himself over entirely the state of shoemaker, and less adroit than hatter? "
David Ricardo, Principles of Political Economy and Taxation, 1817
" But though I regard the work as the source of all value and its relative amount as the measure that rule almost only the relative value of the goods, do not believe that I did not pay attention to different kinds of labor and the difficulty of comparing an hour or a day dedicated to a certain kind of industry, work with the same period devoted to a other production. The value of each kind of work is fixed soon, and it is with sufficient precision to meet the practical requirements: it depends heavily on the comparative skill of the worker, and the activity with which he worked . The comparative scale once formed, is liable to little variation. If the day of a worker in jewelry worth more than an ordinary worker, the proportion determined long recognized and retained his place in the scale of values. "
David Ricardo, Principles of Economics Policy and Taxation, 1817
"If the amount of work is fixed in a thing, which adjusts its exchange value, it follows that any increase in the amount of this work must necessarily increase the value the object to which he was employed, and as any reduction in the same work should reduce the price. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" The products of the earth, that is to say everything is removed from its surface by the combined efforts of work, machinery and capital, is divided between three classes of the community know: the landowners - the owners of the funds or assets necessary for the cultivation of the earth - the workers who cultivate it. "
David Ricardo, Principles of Political Economy and Taxation, 1817
Principles of Political Economy and Taxation was published in 1817.
"As to other contracts, wages should be delivered to the open competition and free market, and never being hampered intervention by the Governor. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" We calculated that, under favorable circumstances, the population could double in twenty-five years. But in circumstances equally favorable, the national capital could well have doubled in less time. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" I hope to have succeeded in proving that any tax that may cause an increase in wages will be paid through a lower profits, and therefore a tax on wages is really a tax on profits. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" A tax on wages does not weigh on the owner, but he carries on the profits of capital. It does not oblige the master manufacturer to see a profit on the price of his goods, because it will not increase the price, and must therefore pay in full, and without compensation, while the burden such a tax. "
David Ricardo, Principles of Political Economy and Taxation, 1817
"Everyone is free to employ his capital as he pleases, it is natural that seeks to place as the most advantageous, it will not be satisfied with a profit of 10 percent, if, for another job, he can shoot 15 percent. This desire worried, as any capitalist to abandon an investment less lucrative for another who is more tends singularly to establish equality in the rates of all profits, or to fix the proportions so that Interested individuals can estimate and compensate them any advantage that one would have or appear on another. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" In all the rich countries, there are a number of men called capitalists, they do not trade, and they live in the interest of their money, which is used to discount commercial paper, or on loan to the class most industrious state. "
David Ricardo, Principles of Political Economy and Taxation, 1817
"The capitalist who seeks a more profitable use for its funds, must of course weigh all the advantages that a kind of industry can have on another. For this reason, it could give a more profitable use of his money to another job which would offer greater security to property, convenience, or advantage real or imaginary. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" This is not the payment of interest on the national debt, which burdens a nation, and it does is not by suppressing the payment to can be relieved. Only through savings on income and reducing expenditure, the national capital may increase, and the annihilation of the national debt would do nothing to increase income or reduce expenses. Is the profusion of government spending and private, are loans that deplete a country, therefore, any measure which may tend to encourage the economy of the government and a nation of individuals relieve the weight of a burden overwhelms him in removing the top class of society that must bear the pose to another which, after all fairness, must bear its share. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" You get the metal, and all other objects, through work. The nature of the product, the truth, but it is the work of the man who pulls them from the bosom of the earth, and prepares them for our use. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" The tax can never be so evenly distributed it affects the same proportion to the value of all things, keeping them all in the same relative value. He often acts through its indirect effects, in a manner that falls far from the views of the legislature. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" The desire that every man has to maintain its rank in the world, and keep intact his fortune, that the Most taxes are paid by income, they are, in fact, sitting on the capital or income. Consequently, as taxes increase, and government spending, the annual expenditure of the nation must fall, unless the people can not increase its capital and income in the same proportions. It is in the interest of any government to encourage this disposition in the people, and never to raise taxes that will inevitably reach the capital, for one attack and the fund for the maintenance industry, and it decreases hence the future production of the country. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" The tax is that portion of the product Earth and the industry of a country that provides the government. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" As the company progressed, the more natural the price tends to rise, because one of the major commodities that regulate the natural price tends to overbid, given the greater difficulty in acquiring it. However, improvements in agriculture, the discovery of new markets where we can draw supplies may, for some time, object rising commodity prices, and may even lower their natural price. The same causes will produce a similar effect on the natural price of labor. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" The natural price of any commodity, - raw and primitive work excepted - tends to decline as a result of increasing wealth and population, for though one hand, their real value increases by the rising price of natural raw materials, inflation is more than offset by the improvement of machinery, by a better division and distribution of work, and the growing ability of producers in the science and the arts. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" Capital is that part of the wealth of a nation that is used for production. It consists of raw food, clothing, tools and utensils, machinery, raw materials, etc.. ; Needed to make work productive. "
David Ricardo, Principles of Political Economy and Taxation, 1817
"So the desire to any capitalist to divert its funds to a specific job to another more lucrative, which prevents the current price of goods to stay long much above or much below their natural price. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" Things once they are recognized as useful by themselves, derive their exchangeable value from two sources: rarity, and the amount of work necessary to acquire them. "
David Ricardo Principles of Political Economy and Taxation, 1817
"If one considers that the acreage remains the same and that increases the number of workers on this earth, will increase the harvest obtained to a lesser extent than the increase in manpower. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" The pension is not a component of the price of the goods. "
David Ricardo, Principles of Political Economy and Taxation, 1817
"I take it that any significant changes that occur in the relative value of goods due to greater or lesser amount of work required, from one period to another, to produce them. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" It's the cost of production which ultimately determines the price of goods. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" Because each capitalist wishes to divert its capital to more profitable jobs, prices of goods on the market does not remain long beyond or below their natural price. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" If a tax, as heavy as it is, levied on income, not capital, it does not reduce request, but does that change the nature. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" To make a sustainable wealth, abolish our prohibitions and our limitations, and stop to thwart the benevolent wisdom of Providence. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" Suppose two workers knowing one another and make shoes and hats: one of them can excel in both trades, either by making hats, he wins over his rival as a fifth or 20%, while working on shoes, he has an advantage over him by a third or 33%. Would it not in the interest of both the worker dressed as himself over entirely the state of shoemaker, and less adroit than hatter? "
David Ricardo, Principles of Political Economy and Taxation, 1817
" But though I regard the work as the source of all value and its relative amount as the measure that rule almost only the relative value of the goods, do not believe that I did not pay attention to different kinds of labor and the difficulty of comparing an hour or a day dedicated to a certain kind of industry, work with the same period devoted to a other production. The value of each kind of work is fixed soon, and it is with sufficient precision to meet the practical requirements: it depends heavily on the comparative skill of the worker, and the activity with which he worked . The comparative scale once formed, is liable to little variation. If the day of a worker in jewelry worth more than an ordinary worker, the proportion determined long recognized and retained his place in the scale of values. "
David Ricardo, Principles of Economics Policy and Taxation, 1817
"If the amount of work is fixed in a thing, which adjusts its exchange value, it follows that any increase in the amount of this work must necessarily increase the value the object to which he was employed, and as any reduction in the same work should reduce the price. "
David Ricardo, Principles of Political Economy and Taxation, 1817
" The products of the earth, that is to say everything is removed from its surface by the combined efforts of work, machinery and capital, is divided between three classes of the community know: the landowners - the owners of the funds or assets necessary for the cultivation of the earth - the workers who cultivate it. "
David Ricardo, Principles of Political Economy and Taxation, 1817
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