Occupation: Economist Birth: April 18, 1772 Death: September 11, 1823
Profits are not made by differential cleverness, but by differential stupidity..
Like all other contracts, wages should be left to the fair and free competition of themarket, and should never be controlled by the interference of t….
Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power..
There is no way of keeping profits up but by keeping wages down..
The farmer and manufacturer can no more live without profit than the labourer without wages..
The variation in the value of money, however great, makes no difference in the rate of profits..
Taxation under every form presents but a choice of evils..
The price of corn will naturally rise with the difficulty of producing the last portions of it..
Labour, like all other things which are purchased and sold... has its natural and its market price..
There can be no greater error then in supposing that capital is increased by non-consumption..
The demand for money is regulated entirely by its value, and its value by its quantity..
The interest of the landlord is always opposed to the interests of every other class in the community..
It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may, in return for manufactured commoditi….
A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found th….
A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whateve….
Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to ob….
The wheat bought by a farmer to sow is comparatively a fixed capital to the wheat purchased by a baker to make into loaves..
The exchangeable value of all commodities rises as the difficulties of their production increase..
Nothing contributes so much to the prosperity and happiness of a country as high profits..
For price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid..
Rent is the portion of the earth, which is paid to the landlord for the user of the original and indestructible powers of the soil.