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David Ricardo Quotes: Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.
         

Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.


David Ricardo
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Other quotes of David Ricardo


The farmer and manufacturer can no more live without profit than the labourer without wages.

The farmer and manufacturer can no more live without profit than the labourer without wages.



Nothing contributes so much to the prosperity and happiness of a country as high profits.

Nothing contributes so much to the prosperity and happiness of a country as high profits.



There can be no rise in the value of labour without a fall of profits.

There can be no rise in the value of labour without a fall of profits.



There is no way of keeping profits up but by keeping wages down.

There is no way of keeping profits up but by keeping wages down.



Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.

Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.



If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.

If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.



Profits are not made by differential cleverness, but by differential stupidity.

Profits are not made by differential cleverness, but by differential stupidity.



Money is neither a material to work upon nor a tool to work with.

Money is neither a material to work upon nor a tool to work with.



The exchangeable value of all commodities rises as the difficulties of their production increase.

The exchangeable value of all commodities rises as the difficulties of their production increase.



There can be no greater error then in supposing that capital is increased by non-consumption.

There can be no greater error then in supposing that capital is increased by non-consumption.





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What you think about yourself is much more important than what others think of you.

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It is foolish to try to live on past experience. It is very dangerous, if not a fatal habit, to judge ourselves to be safe because of something that we felt or did twenty years ago.

It is foolish to try to live on past experience. It is very dangerous, if not a fatal habit, to judge ourselves to be safe because of something that we felt or did twenty years ago.



Prayer gives a channel to the pent-up sorrows of the soul, they flow away, and in their stead streams of sacred delight pour into the heart.

Prayer gives a channel to the pent-up sorrows of the soul, they flow away, and in their stead streams of sacred delight pour into the heart.



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Dead woman are not romantic,' Sophie said flatly. 'Okay, she's not dead,' Phin said. 'The bear ate her, and she came her brains out.

Dead woman are not romantic,' Sophie said flatly. 'Okay, she's not dead,' Phin said. 'The bear ate her, and she came her brains out.



I really want to be governor when I have a partner in the White House.

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There will be many failures sprinkled among the successes you enjoy.

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I think that I probably inevitably fetishize nature, although I try not to, because it's kind of embarrassing, repulsive behavior. I think it's just an extension of me being old-fashioned.

I think that I probably inevitably fetishize nature, although I try not to, because it's kind of embarrassing, repulsive behavior. I think it's just an extension of me being old-fashioned.




Quote Description


This page presents the quote "Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.". Author of this quote is David Ricardo. This quote is about possessing, scarcity, two, utility, quantity, commodity, labour,.