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QOTDest. 1999
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“Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.”
David Ricardo

David Ricardo

More by David Ricardo

“Money is neither a material to work upon nor a tool to work with.”

David Ricardo

“Sufficiently rich to satisfy all my desires and the reasonable desires of all those about me.”

David Ricardo

“The produce of the earth - all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community, namely, the proprietor of ...”

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“Adam Smith, and other able writers to whom I have alluded, not having viewed correctly the principles of rent, have, it appears to me, overlooked many important truths, which can only be discovered af...”

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“I have endeavoured to show that the ability to pay taxes depends, not on the gross money value of the mass of commodities, nor on the net money value of the revenue of capitalists and landlords, but o...”

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