“If English money was of the same value then as before, Hamburgh money must have risen in value. But where is the proof of this?”

—  David Ricardo

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter VII, On Foreign Trade, p. 93

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "If English money was of the same value then as before, Hamburgh money must have risen in value. But where is the proof …" by David Ricardo?
David Ricardo photo
David Ricardo37
British political economist, broker and politician 1772–1823

Related quotes

David Ricardo photo

“To alter the money value of commodities, by altering the value of money, and yet to raise the same money amount by taxes, is then undoubtedly to increase the burthens of society.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXXII, Malthus on Rent, p. 288

David Ricardo photo

“I have endeavoured to show that the ability to pay taxes depends, not on the gross money value of the mass of commodities, nor on the net money value of the revenue of capitalists and landlords, but on the money value of each man's revenue compared to the money value of the commodities which he usually consumes.”

David Ricardo (1772–1823) British political economist, broker and politician

Advertisement To The Third Edition, p. 3
The Principles of Political Economy and Taxation (1821) (Third Edition)

David Harvey photo

“When money functions as measure of value it must truly represent the values it helps to circulate.”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 10, Finance Capital And Its Contradictions, p. 293

“Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.”

Louis L'Amour (1908–1988) Novelist, short story writer

Source: Education of a Wandering Man

Karl Marx photo

“Exchange value forms the substance of money, and exchange value is wealth.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Grundrisse (1857-1858)
Source: Notebook II, The Chapter on Money, p. 141.

“Money is always transitively valued. More money is supposedly always better than less money.”

Gregory Bateson (1904–1980) English anthropologist, social scientist, linguist, visual anthropologist, semiotician and cyberneticist

Source: Mind and Nature, a necessary unity, 1988, p. 56

“Bernoulli's real contribution was to coin a word. The word has been translated into English as "utility". It describes this subjective value people place on money.”

William Poundstone (1955) American writer

Part Four, St. Petersburg Wager, Daniel Bernoulli, p. 184
Fortune's Formula (2005)

David Ricardo photo

“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

Letitia Elizabeth Landon photo

“Always accustomed to wealth, she did not understand its value; we must want money to really know its worth, and money seemed to her the vilest consideration that could have influence.”

Letitia Elizabeth Landon (1802–1838) English poet and novelist

The Monthly Magazine

Ray Dalio photo

“When central banks print a lot of money to relieve a crisis, buy stocks, gold, and commodities because their value will rise and the value of paper money will fall.”

Ray Dalio (1949) American businessman

" Principles for Dealing with the Changing World Order by Ray Dalio https://www.youtube.com/watch?v=xguam0TKMw8" (at 6m43s), Principles by Ray Dalio, 2 March 2022.

Related topics