David Ricardo Quotes
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A BOUNTY on the exportation of corn tends to lower its price to the foreign consumer, but it has no permanent effect on its price in the home market.
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Whenever, then, the usual and ordinary rate of the profits of agricultural stock, and all the outgoings belonging to the cultivation of land, are together equal to the value of the whole produce, there can be no rent.
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There can be no greater error then in supposing that capital is increased by non-consumption.
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If English money was of the same value then as before, Hamburgh money must have risen in value. But where is the proof of this?
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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.
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Money is neither a material to work upon nor a tool to work with.
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Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods.
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Rent is that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible powers of the soil.
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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.
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The price of corn will naturally rise with the difficulty of producing the last portions of it,...