David Ricardo (1772–1823) British political economist, broker and politician
Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter V, On Wages, p. 52
“The quantity of money, which is readily parted with to obtain a thing is called its price.”
Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter I, p. 61
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Jean-Baptiste Say72
French economist and businessman 1767–1832Related quotes
Benjamin Graham (1894–1976) American investor
Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter III, The Investor and His Advisers, p. 45
“The demand for money is regulated entirely by its value, and its value by its quantity.”
David Ricardo (1772–1823) British political economist, broker and politician
Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XIII, Taxes on Gold, p. 123
Adam Smith (1723–1790) Scottish moral philosopher and political economist
Source: (1776), Book V, Chapter II, Part II, Article IV.
“Money, first and foremost, is a medium of communication, conveying the information we call 'price.”
L. Neil Smith (1946) American writer
Government control of the money supply is censorship, a violation of the First Amendment. Inflation is a lie.
"Some New Tactical Reflections".
David Ricardo (1772–1823) British political economist, broker and politician
Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXIV, The Rent of Land, p. 220
Walter Rodney book How Europe Underdeveloped Africa
as in Western Europe
Source: How Europe Underdeveloped Africa (1972), p. 106.
Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate
"Interview with F. A. Hayek", in Cato Policy Report (February 1983)
1980s and later
“Labour was the first price, the original purchase-money that was paid for all things.”
Adam Smith (1723–1790) Scottish moral philosopher and political economist
It was not by gold or by silver, but by labour, that all the wealth of the world was originally purchased; and its value, to those who possess it, and who want to exchange it for some new productions, is precisely equal to the quantity of labour which it can enable them to purchase or command.
Source: The Wealth of Nations (1776), Book I, Chapter V, p. 38.
