No extension of foreign trade will immediately increase the… - David Ricardo

" "
No extension of foreign trade will immediately increase the amount of value in a country, although it will very powerfully contribute to increase the mass of commodities and therefore the sum of enjoyments.

David Ricardo

Sources available for members. Sign up free to see where this quote comes from

English

Collect this quote

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.

All quotes from David Ricardo Similar Quotes by other Originators

Originators like David Ricardo:

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

Additional quotes by David Ricardo

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

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

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.

No extension of foreign trade will immediately increase the amount of value in a country, although it will very powerfully contribute to increase the… - David Ricardo

About David Ricardo

Advanced Search Filters

Additional quotes by David Ricardo

Limited Time Offer