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David Ricardo Quotes: The factors left out of the Ricardian equation are falling wages and idle capacity.
         

The factors left out of the Ricardian equation are falling wages and idle capacity.


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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Success is not a straight line, it's much more of a dance and being open to possibilities.

Success is not a straight line, it's much more of a dance and being open to possibilities.



I am a bit different from the other sprinters because, I would say, I can run many different ways while the other guys they just came on and they can only run one way.

I am a bit different from the other sprinters because, I would say, I can run many different ways while the other guys they just came on and they can only run one way.



When you got nothin' / You got nothin' to lose.

When you got nothin' / You got nothin' to lose.



Many people live with a tormentor in their head that continuously attacks and punishes them and drains them of vital energy. It is the cause of untold misery and unhappiness, as well as of disease.

Many people live with a tormentor in their head that continuously attacks and punishes them and drains them of vital energy. It is the cause of untold misery and unhappiness, as well as of disease.



A psychiatrists is the next man you start talking to after you start talking to yourself.

A psychiatrists is the next man you start talking to after you start talking to yourself.



If it were really the case that terrorists "hate us for our freedoms," we'd be getting more popular with Al Qaeda every month.

If it were really the case that terrorists "hate us for our freedoms," we'd be getting more popular with Al Qaeda every month.



The future belongs to neither the conduit or content players, but those who control the filtering, searching and sense-making tools we will rely on to navigate through the expanses of cyberspace.

The future belongs to neither the conduit or content players, but those who control the filtering, searching and sense-making tools we will rely on to navigate through the expanses of cyberspace.



The man for whom the law exists - the man of forms, the conservative - is a tame man.

The man for whom the law exists - the man of forms, the conservative - is a tame man.



I am a cigarette with a body attached to it

I am a cigarette with a body attached to it



They hadn’t counted on the highly controlled jabberjay having the brains to adapt to the wild, to pass on its genetic code, to thrive in a new form. They hadn’t anticipated its will to live.

They hadn’t counted on the highly controlled jabberjay having the brains to adapt to the wild, to pass on its genetic code, to thrive in a new form. They hadn’t anticipated its will to live.




Quote Description


This page presents the quote "The factors left out of the Ricardian equation are falling wages and idle capacity.". Author of this quote is David Ricardo. This quote is about capacity, idle, fall, wages, left out, factors,.