The Works of David Ricardo |
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Page 9
... necessary for its pro- duction , and not on the greater or less compensation which is paid for that labour . Ir has been observed by Adam Smith , that " the word Value has two different meanings , and sometimes expresses the utility of ...
... necessary for its pro- duction , and not on the greater or less compensation which is paid for that labour . Ir has been observed by Adam Smith , that " the word Value has two different meanings , and sometimes expresses the utility of ...
Page 10
... necessary to produce them , and varies with the varying wealth and inclinations of those who are desirous to possess them . These commodities , however , form a very small part of the mass of commodities daily exchanged in the market ...
... necessary to produce them , and varies with the varying wealth and inclinations of those who are desirous to possess them . These commodities , however , form a very small part of the mass of commodities daily exchanged in the market ...
Page 12
... necessary at another , and a distant time ; yet the labourer's reward may possibly be very little diminished . If the labourer's wages at the former period were a certain quan- tity of food and necessaries , he probably could not have ...
... necessary at another , and a distant time ; yet the labourer's reward may possibly be very little diminished . If the labourer's wages at the former period were a certain quan- tity of food and necessaries , he probably could not have ...
Page 13
... necessary for acquiring different objects seems to be the only circumstance which can afford any rule for exchang ... necessary to the production of the shoes , stockings , hats , iron , sugar , & c .; but that the same quantity as ...
... necessary for acquiring different objects seems to be the only circumstance which can afford any rule for exchang ... necessary to the production of the shoes , stockings , hats , iron , sugar , & c .; but that the same quantity as ...
Page 15
... necessary for the acquire- ment of one species of manual dexterity more than another , it con- tinues nearly the same from one generation to another ; or at least , that the variation is very inconsiderable from year to year , and ...
... necessary for the acquire- ment of one species of manual dexterity more than another , it con- tinues nearly the same from one generation to another ; or at least , that the variation is very inconsiderable from year to year , and ...
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Common terms and phrases
abundance accumulation Adam Smith additional advantage agriculture amount annum bank notes Bank of England bill Bosanquet bounty capital employed cent circulation cloth consequence consumer Crown 8vo cultivation currency debt demand depreciation diminished dities effect employment equal exchangeable value expenses exportation fall farmer Fcap fertile foreign Government guineas Hamburgh importation improvement income increased land landlord less loan machinery Malthus manufacturer millions money price natural price necessary obtained ounce paid paper money payment population portion Portugal Post 8vo pound sterling precious metals price of commodities price of corn price of labour price of raw principle profits of stock proportion purchase quantity of labour quarters raise the price rate of profits raw produce regulated relative value rent revenue rise of wages says seignorage sell sinking fund supply suppose taxation tion trade value of gold value of money Vols wages of labour whilst whole wine Woodcuts
Popular passages
Page 180 - What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom. If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them with some part of the produce of our own industry employed in a way in which we have some advantage.
Page 11 - The value of a commodity, or the quantity of any other commodity for which it will exchange, depends on the relative quantity of labour which is necessary for its production, and not on the greater or less compensation which is paid for that labour.
Page 110 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as Little as possible, over and above what it brings into the public treasury of the state.
Page 56 - The friends of humanity cannot but wish that in all countries the labouring classes should have a taste for comforts and enjoyments, and that they should be stimulated by all legal means in their exertions to procure them. There cannot be a better security against a superabundant population.
Page 234 - IT is the cost of production which must ultimately regulate the price of commodities, and not, as has been often said, the proportion between the supply and demand : the proportion between supply and demand may, indeed, for a time, affect the market value of a commodity, until it is supplied in greater or less abundance, according as the demand may have increased or diminished ; but this effect will be only of temporary duration.
Page 36 - 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.
Page 42 - The capital employed in agriculture, therefore, not only puts into motion a greater quantity of productive labour than any equal capital employed in manufactures ; but in proportion, too, to the quantity of productive labour which it employs, it adds a much greater value to the annual produce of the land and labour of the country, to the real wealth and revenue of its inhabitants.
Page 52 - The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution.
Page 56 - In those countries where the labouring classes have the fewest wants, and are contented with the cheapest food, the people are exposed to the greatest vicissitudes and miseries. They have no place of refuge from calamity; they cannot seek safety in a lower station; they are already so low that they can fall no lower. On any deficiency of the chief article of their subsistence there are few substitutes of which they can avail themselves and dearth to them is attended with almost all the evils of famine.
Page 28 - STUDENT'S OLD TESTAMENT HISTORY ; from the Creation to the Return of the Jews from Captivity. Maps and Woodcuts. Post 8vo. Is. 6tl. NEW TESTAMENT HISTORY. With an Introduction connecting the History of the Old and New Testaments.