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

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
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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
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Other Quotes from
finance
category

Arbitrage proof has since been widely used throughout finance and economics. – Merton Miller

Category:
finance

For the merchant, even honesty is a financial speculation. – Charles Baudelaire

Category:
finance

Part of your heritage in this society is the opportunity to become financially independent. – Jim Rohn

Category:
finance

Large companies cannot finance political parties as their shareholders and employees have different political views. – Mikhail Khodorkovsky

Category:
finance

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