“Population regulates itself by the funds which are to employ it, and therefore always increases or diminishes with the increase or the diminution of capital. Every reduction of capital is therefore necessarily followed by a less effective demand for corn, by a fall in price, and by diminished cultivation.”

— David Ricardo

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter II, On Rent, p. 41

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David Ricardo 37

British political economist, broker and politician 1772–1823

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