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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

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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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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Other Quotes from
finance
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There can be no rise in the value of labour without a fall of profits. – David Ricardo

Category:
finance

The economy is a very sensitive organism. – Hjalmar Schacht

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finance

If it isnt the sheriff, its the finance company Ive got more attachments on me than a vacuum cleaner. – John Barrymore

Category:
finance

Actually criminal sanctions that are given could be up to five years for violating the rules and regulations under the campaign finance reform. This is like the Alien and Sedition Act of years and years ago, decades ago. – Jay Alan Sekulow

Category:
finance

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There are such beings as vampires, some of us have evidence that they exist. Even had we not the proof of our own unhappy experience, the teachings and the records of the past give proof enough for sane peoples. – Bram Stoker

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Music expresses that which cannot be said and on which it is impossible to be silent. – Victor Hugo

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