Phrase by 'David Ricardo'
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In comparing therefore the value of the same commodity, at different periods of time, the consideration of the comparative skill and intensity of labour, required for that particular commodity, needs scarcely to be attended to, as it operates equally at both periods.
Author: David Ricardo - British EconomistTime , Value , Different , Skill
In the same manner if any nation wasted part of its wealth, or lost part of its trade, it could not retain the same quantity of circulating medium which it before possessed.
Author: David Ricardo - British EconomistLost , Trade , Nation , Wealth
It is not by the absolute quantity of produce obtained by either class, that we can correctly judge of the rate of profit, rent, and wages, but by the quantity of labour required to obtain that produce.
Author: David Ricardo - British EconomistJudge , Class , Quantity , Profit
Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production.
Author: David Ricardo - British EconomistPlace , Take , Same , Agriculture
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.
Author: David Ricardo - British EconomistTime , Two , Food , Same
The proportions, too, in which the capital that is to support labour, and the capital that is invested in tools, machinery and buildings, may be variously combined.
Author: David Ricardo - British EconomistSupport , Tools , Buildings , Labour
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