Labour, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labor is that price which is necessary to enable the laborers, one with another, to subsist and perpetuate their race, without either increase or diminution.

David Ricardo

More information about this quote

Topic

Workers Free market Supply and demand Capitalism

Author

David Ricardo

Source

On the Principles of Political Economy and Taxation

Genre

Economic literature

Language

English

Time

1817 1810s 19th century

Occupation

Economist Writer

From

United Kingdom Europe

Authentication Score 2

Original Citation

Ricardo, David. On Principles of Political Economy and Taxation. London: John Murray, 1817.

Current Citation

Ricardo, David. The Principles of Political Economy and Taxation. Dover Publications, 2004.

Illustrated Quote

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A quote by David Ricardo about workers: “Labour, like all other things which are purchased and sold, and which may be…”
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Related Quotes

Below are one or more quotes that share at least one tag with the quote at the top of the page

Another quote from the 1810s

"My name is Ozymandias, king of kings:
Look on my works, ye Mighty, and despair!"
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
The lone and level sands stretch far away.

Percy Bysshe Shelley

Ozymandias

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Read Ozymandias at Poetry Foundation
More information about this quote
Topic
Arrogance

Author

Percy Bysshe Shelley
Source
Ozymandias
Medium
Poem
Language
English
Time
1818 1810s 19th century
Authentication Score 3
Original Citation

Shelley, Percy Bysshe. "Ozymandias." The Examiner. London: Leigh Hunt and John Hunt, 11 Jan. 1818, l. 10.

Current Citation

Shelley, Percy Bysshe. "Ozymandias." Percy Bysshe Shelley: The Major Works, edited by Zachary Leader and Michael O'Neill. Oxford University Press, 2009, I. 10.

Another quote about Capitalism

Laissez faire does not mean: Let soulless mechanical forces operate. It means: Let each individual choose how he wants to cooperate in the social division of labor; let the consumers determine what the entrepreneurs should produce. Planning means: Let the government alone choose and enforce its rulings by the apparatus of coercion and compulsion.

Ludwig von Mises

Human Action: A Treatise on Economics

More information about this quote
Topic
Free market Capitalism

Author

Ludwig von Mises
Source
Human Action: A Treatise on Economics
Genre
Economical literature Political literature
Language
English
Time
1949 1940s 20th century
Authentication Score 3
Citation

Von Mises, Ludwig. Human Action: A Treatise on Economics. Yale University Press, 1949, ch. 27.