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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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
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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

The problem of how we finance the welfare state should not obscure a separate issue: if each person thinks he has an inalienable right to welfare, no matter what happens to the world, thats not equity, its just creating a society where you cant ask anything of people. – Jacques Delors

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

My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury. – Merton Miller

Category:
finance

Now both my films have been number one at the Australian box office and it took about two years just to get the finance for this film, so if its hard for me then God help everyone else. – Yahoo Serious

Category:
finance

Random Quotes

Because of Christianity the West has missed many things, and one of them is meditation, the rarest flowering of a human being, because they have made it equivalent to contemplation. Contemplation is thinking. Meditation is no-thinking. – Bhagwan Shree Rajneesh

Category:
Meditation

But I can say that life is good to me. Has been and is good. So I think my task is to be good to it. So how do you be good to life? You live it. – Morgan Freeman

Category:
good

Ive always been into guitars… we want to put keyboards on, but keyboard players dont look cool onstage, they just keep their heads down. There has never been a cool keyboard player, apart from Elton John. – Noel Gallagher

Category:
cool

Punishment closely follows guilt as its companion. – Horace

Category:
Guilt