In comparing therefore the value of the same commodity, at different periods of time, the consideration of the comparative skill and intensity of labour, required for that particular commodity, needs scarcely to be attended to, as it operates equally at both periods.
David Ricardo Quotes
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In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed.
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David Ricardo (62)
Birth: | 18th April, 1772 |
Death: | 11th September, 1823 |
Nationality: | British |
Profession: | Economist |
About
David Ricardo was born in London. He was a British political economist, stock trader, and author. He was often credited with systematising economics, and was one of the most influential of the classical economists, along with Thomas Malthus, Adam Smith, and John Stuart Mill.
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