David Ricardo

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. ↗

— David Ricardo

#before #circulating #could #lost #manner

A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits. ↗

— David Ricardo

#effect #general #money #price #produces

Again two manufacturers may employ the same amount of fixed, and the same amount of circulating capital; but the durability of their fixed capitals may be very unequal. ↗

— David Ricardo

#amount #capital #capitals #circulating #employ

But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed. ↗

— David Ricardo

#commodities #consumed #equally #labour #machinery

Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods. ↗

— David Ricardo

#compared #contrary #exchange #gold #goods

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. ↗

— David Ricardo

#also #augment #because #cost #implements

The exchangeable value of all commodities, rises as the difficulties of their production increase. ↗

— David Ricardo

#difficulties #exchangeable #exchangeable value #increase #production

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

#beneficial #capital #commodities #facility #food

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. ↗

— David Ricardo

#capital #combined #invested #labour #machinery

The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state. ↗

— David Ricardo

#common #fall #retrograde #rise #society