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Quote by David Ricardo
Gold and silver, like other commodities, have an intrinsic value,

Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them. – David Ricardo

Other quotes by David Ricardo

By far the greatest part of those goods which are the objects of desire, are procured by labour and they may be multiplied, not in one country alone, but in many, almost without any assignable limit, if we are disposed to bestow the labour necessary to obtain them. – David Ricardo

Category:
alone
Author
David Ricardo
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After all the fertile land in the immediate neighbourhood of the first settlers were cultivated, if capital and population increased, more food would be required, and it could only be procured from land not so advantageously situated. – David Ricardo

Category:
Food
Author
David Ricardo
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The facility of obtaining food is beneficial in two ways to the owners of capital, it at the same time raises profits and increases the amount of consumable commodities. – David Ricardo

Category:
Food
Author
David Ricardo
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Other Quotes from
finance
category

Weve taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well. – Jeffrey Sachs

Category:
finance

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries. – Martin Feldstein

Category:
finance

Our strength in finance has led us to set up an international financial centre with medium and long-term objectives, especially to develop Islamic financial and insurance services. – Hassanal Bolkiah

Category:
finance

The only way for a rich man to be healthy is by exercise and abstinence, to live as if he were poor. – William Temple

Category:
finance

Random Quotes

Genealogy. An account of ones descent from an ancestor who did not particularly care to trace his own. – Ambrose Bierce

Category:
Ancestry, Ancestors

I like my money right where I can see it – hanging in my closet. – From the television show Sex and the City

Category:
Shopping

Every possession and every happiness is but lent by chance for an uncertain time, and may therefore be demanded back the next hour. – Arthur Schopenhauer

Category:
Change

People come up to me all the time and say, Oh, I love to watch Food Network, and I ask them what they cook, and they say, I dont really cook. Theyre afraid, theyre intimidated, they know all about food from eating out and watching TV, but they dont know where to start in their own kitchen. – Michael Symon

Category:
Food