I have already expressed my opinion on this subject in trea… - David Ricardo

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I have already expressed my opinion on this subject in treating of rent, and have now only further to add, that rent is a creation of value, as I understand that word, but not a creation of wealth.

David Ricardo

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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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Henry Hazlitt Jean-Baptiste Say Thomas Robert Malthus Adam Smith Karl Marx

Additional quotes by David Ricardo

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.

Rent is that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible powers of the soil.

But a tax on luxuries would no other effect than to raise their price. It would fall wholly on the consumer, and could neither increase wages nor lower profits.

I have already expressed my opinion on this subject in treating of rent, and have now only further to add, that rent is a creation of value, as I und… - David Ricardo

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