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 circulatelosemanner Change image and share on social
The exchangeable value of all commodities, rises as the difficulties of their production increase. David Ricardo commoditydifficultyexchangeable Change image and share on social
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 affectcommodityconsume Change image and share on social
In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed. David Ricardo belongcarefullycommodity share on social
If the quantity of labour realized in commodities, regulate their exchangeable value, every increase of the quantity of labour must augment the value of that commodity on which it is exercised, as every diminution must lower it. David Ricardo augmentcommoditydiminution share on social
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 amountcapitalcirculate Change image and share on social
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. David Ricardo advantageouslycapitalcultivate share on social
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 agricultureaugmentcost Change image and share on social
By far the greatest part of those goods which are the objects of desire, are procured by labour; and they may be multiplied, not in one country alone, but in many, almost without any assignable limit, if we are disposed to bestow the labour necessary to obtain them. David Ricardo assignablebestowcountry share on social
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 amountbeneficialcapital Change image and share on social
