David Ricardo Quotes


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.


Citations

Ricardo, David. The High Price of Bullion, a Proof of the Depreciation of Bank Notes. 4th ed., John Murray, 1811, p. 12.

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David Ricardo
David Ricardo
  • Born: April 18, 1772
  • Died: September 11, 1823
  • Nationality: British
  • Profession: Classical Economics

David Ricardo was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill. He was also a politician, and a member of the Parliament of Great Britain and Ireland.