Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter II, On Rent, p. 33
“for price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.”
Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXIV, The Rent of Land, p. 220
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David Ricardo 37
British political economist, broker and politician 1772–1823Related quotes
“The price of corn will naturally rise with the difficulty of producing the last portions of it,…”
Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXXII, Malthus on Rent, p. 276
Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter II, On Rent, p. 41
On why she had posed nude for a calendar photograph, quoted in Ms. magazine (August 1972) p. 39
“All rent is based on the monopoly power of private owners of certain portions of the globe.”
Source: The Limits To Capital (2006 VERSO Edition), Chapter 11, Theory Of Rent, p. 349
“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
“This is the price that must be paid for progress and it is worth it.”
The Rickover Effect (1992)
Context: Everything new endangers something old. A new machine replaces human hands; a new source of power threatens old businesses; a new trade route wipes out the supremacy of old ports and brings prosperity to new ones. This is the price that must be paid for progress and it is worth it.