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
Read Quote

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
Read Quote

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
Read Quote
Other Quotes from
finance
category

But now, more and more, its society is concerned with economy and finance. – Tadao Ando

Category:
finance

Finance, like time, devours its own children. – Honore de Balzac

Category:
finance

I wasnt a financial pro, and I paid the price. – Ruth Handler

Category:
finance

The confidence is really driven by the woman – whether she can have the confidence that there will be enough earning or income to finance all the domestic spending – but also by the middle-income class, which for many Asian countries has become the growth power for the economy. – Sri Mulyani Indrawati

Category:
finance

Random Quotes

Put the uncommon effort into the common task… make it large by doing it in a great way. – Orison Swett Marden

Category:
great

I dont know why people question the academic training of an athlete. Fifty percent of the doctors in this country graduated in the bottom half of their classes. – Al McGuire

Category:
Sports

Insurrection. An unsuccessful revolution; disaffections failure to substitute misrule for bad government. – Ambrose Bierce

Category:
Revolution

Responsibility walks hand in hand with capacity and power. – J. G. Holland

Category:
power