It has been my endeavour to show in this work that a fall of wages would have no other effect than to raise profits. - David Ricardo

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It has been my endeavour to show in this work that a fall of wages would have no other effect than to raise profits.

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About David Ricardo

David Ricardo (19 April 1772 – 11 September 1823) was an English political economist, often credited with systematizing economics, and was one of the most influential of the classical economists. He was also a member of Parliament, businessman, financier and speculator.

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Population regulates itself by the funds which are to employ it, and therefore always increases or diminishes with the increase or the diminution of capital. Every reduction of capital is therefore necessarily followed by a less effective demand for corn, by a fall in price, and by diminished cultivation.

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