Letters of David Ricardo to Thomas Robert Malthus, 1810-1823 |
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accumulation Adam Smith agree agriculture America appears Bank Bentham Brook Street bullion C. L. KINGSFORD capital cause cent cheap cloth commodities consequence Corn Laws cost Crown 8vo currency DAVID RICARDO DEAR MALTHUS DEAR SIR demand difference diminished doctrine East India College Easton Grey edition effects England Essay exchange expense exported facility of production fall favour GATCOMB PARK give glad high price hope hundred quarters importation increase India James Mill labour employed land landlord less letter London manufactures maps McCulloch's means measure of value Mill modities necessary object opinion Political Economy population price of corn price of labour principles probably profits of stock proportion proposition quantity of labour quarters question rate of profits raw produce redundant regulated rent rise supply suppose theory things tion Torrens trade truly wages of labour wealth Whishaw whole ΙΟ
Popular passages
Page 167 - Political Economy you think is an enquiry into the nature and causes of wealth ; I think it should rather be called an enquiry into the laws which determine the division of the produce of industry amongst the classes who concur in its formation.
Page 249 - ... History, from the Earliest Times to the Reign of Edward I, Arranged and edited by W. Stubbs, DD, late Bishop of Oxford.
Page 149 - You will have seen that I have taken my seat in the House of Commons. I fear that I shall be of little use there. I have twice attempted to speak; but I proceeded in the most embarrassed manner; and I have no hope of conquering the alarm with which I am assailed the moment I hear the sound of my own voice.
Page 232 - And now, my dear Malthus, I have done. Like other disputants, after much discussion, we each retain our own opinions. These discussions, however, never influence our friendship ; I should not like you more than I do if you agreed in opinion with me.
Page 93 - Profits do not necessarily fall with the increase of the quantity of capital because the demand for capital is infinite and is governed by the same law as population itself. They are both checked by the rise in the price of food, and the consequent increase in the value of labour. If there were no such rise what could prevent population and capital from increasing without...
Page xii - The community is a fictitious body, composed of the individual persons who are considered as constituting as it were its members. The interest of the community then is, what? — the sum of the interests of the several members who compose it.
Page 119 - It appears to me that one great cause of our difference in opinion on the subjects which we have so often discussed is that you have always in your mind the immediate and temporary effects of particular changes, whereas I put these immediate and temporary effects quite aside, and fix my whole attention on the permanent state of things which will result from them.
Page 159 - Our differences may in some respects, I think, be ascribed to your considering my book as more practical than I intended it to be. My object was to elucidate principles, and to do this I imagined strong cases that I might show the operation of those principles.
Page 12 - The first point to be considered is, what is the interest of countries in the case supposed? The second what is their practice? Now it is obvious that I need not be greatly solicitous about this latter point; it is sufficient for my purpose if I can clearly demonstrate that the interest of the public is as I have stated it. It would be no answer to me to say that men were ignorant of the best and cheapest mode of conducting their business and paying their debts, because that is a question of fact...
Page 39 - But that in the interval between the two extremes, considerable variations may take place; and that practically no country was ever in such a state as not to admit of increase of profits on the land, for a period of some duration, from the advanced price of raw produce.