David Ricardo Quotes


Whenever, then, the usual and ordinary rate of the profits of agricultural stock, and all the outgoings belonging to the cultivation of land, are together equal to the value of the whole produce, there can be no rent.


Citations

Ricardo, David. On the Principles of Political Economy, and Taxation. John Murray, 1817, p. 65.

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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.