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David Ricardo Quotes: 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 whatever on profits.
         

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 whatever on profits.


David Ricardo
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Other quotes of David Ricardo


The farmer and manufacturer can no more live without profit than the labourer without wages.

The farmer and manufacturer can no more live without profit than the labourer without wages.



Nothing contributes so much to the prosperity and happiness of a country as high profits.

Nothing contributes so much to the prosperity and happiness of a country as high profits.



There can be no rise in the value of labour without a fall of profits.

There can be no rise in the value of labour without a fall of profits.



There is no way of keeping profits up but by keeping wages down.

There is no way of keeping profits up but by keeping wages down.



Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.

Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.



If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.

If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.



Profits are not made by differential cleverness, but by differential stupidity.

Profits are not made by differential cleverness, but by differential stupidity.



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

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



The exchangeable value of all commodities rises as the difficulties of their production increase.

The exchangeable value of all commodities rises as the difficulties of their production increase.



There can be no greater error then in supposing that capital is increased by non-consumption.

There can be no greater error then in supposing that capital is increased by non-consumption.





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The consistent thinker ... is either a walking mummy or else if he has not succeeded in stifling all his vitality a fanatical monomaniac.

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Quote Description


This page presents the quote "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 whatever on profits.". Author of this quote is David Ricardo. This quote is about reason, value of money, wages, real,.