“Ricardo's "science" was founded on the principle that capital is more or less immobile and labor highly mobile. We are enjoined today to worship the consequences of Ricardo's science, despite the fact that the assumptions on which they are based have been reversed: capital is highly mobile, and labor virtually immobile -- libertarian conservatives lead the way in rejecting Adam Smith's principle that "free circulation of labor" is a cornerstone of free trade, in keeping with their contempt for markets”

—  Noam Chomsky

except for the weak
Z Magazine, February 1995 http://www.chomsky.info/articles/199505--.htm.
Quotes 1990s, 1995-1999

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 "Ricardo's "science" was founded on the principle that capital is more or less immobile and labor highly mobile. We are …" by Noam Chomsky?
Noam Chomsky photo
Noam Chomsky 334
american linguist, philosopher and activist 1928

Related quotes

“The multinational corporation and international production reflect a world in which capital and technology have become increasingly mobile, while labor has remained relatively immobile.”

Robert Gilpin (1930–2018) Political scientist

Source: The Political Economy of International Relations (1987), Chapter Six, Multinational Corporations, p. 260

Albert Gleizes photo

“The immobile had been changed to mobility.”

Albert Gleizes (1881–1953) French painter

after 1920, The Epic, From immobile form to mobile form (1925)

David Graeber photo

“It is the secret scandal of capitalism that at no point has it been organized primarily around free labor.”

David Graeber (1961) American anthropologist and anarchist

Source: Debt: The First 5,000 Years (2011), Chapter Eleven, "Age of the Great Capitalist Empires", p. 350

Abraham Lincoln photo

“Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”

Abraham Lincoln (1809–1865) 16th President of the United States

Source: 1860s, First State of the Union address (1861)
Context: Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights. Nor is it denied that there is, and probably always will be, a relation between labor and capital producing mutual benefits. The error is in assuming that the whole labor of community exists within that relation.

Theodore Roosevelt photo

“Women should have free access to every field of labor which they care to enter, and when their work is as valuable as that of a man it should be paid as highly.”

Theodore Roosevelt (1858–1919) American politician, 26th president of the United States

Chapter V Applied Idealism http://www.bartleby.com/55/5.html
1910s, Theodore Roosevelt — An Autobiography (1913)

Karl Marx photo

“Capital is dead labor, that vampire-like, only lives by sucking living labor, and lives the more, the more labor it sucks.”

Vol. I, Ch. 10, Section 1, p. 257.
Das Kapital (Buch I) (1867)

Robert Kuttner photo
Henry J. Heinz photo

“It is neither capital nor labor but management that brings success, since management will attract capital, and capital can employ labor.”

Henry J. Heinz (1844–1919) American businessman

Henry J. Heinz, cited in: John Woolf Jordan (1915). Genealogical and Personal History of Western Pennsylvania. p. 38

Related topics