David Ricardo Quotes

The exchangeable value of all commodities, rises as the difficulties of their production increase.

Value is consequently the necessary theoretical starting point whence we can elucidate the peculiar phenomenon of prices resulting from capitalist competition.

The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes.

Things are worth what they will fetch at a sale.

Supply and demand don’t work on a legislative schedule.

Prices of every thing depend on the proportion between commodities and money, and that any considerable alteration on either has the same effect, either of heightening or lowering the price.

Something is worth what somebody will pay for it. Nothing else, nothing more, nothing less.

The value of money comes from the private sector in the form of price for product, services rendered, what people are willing to pay for something they want or need. That's where value happens. Government has nothing to do with that.

The object of the law of value is to elucidate the actual exchange relations of commodities.

But if inventions have increased man's power over nature very much, then the real value of money is better measured for some purposes in labour than in commodities.

Value is what people are willing to pay for it.

We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.

The prices of raw materials do not fluctuate directly with the labour cost of producing them.

Supply always comes on the heels of demand.

Although floating and fixed rates appear dissimilar, they are members of the same freemarket family. Both operate without exchange controls and are free-market mechanisms for balance-of-payment adjustments.

As you know, low demand and high supply means a drop in value of anything, including the dollar.

The most important thing that most countries around the world believe in is letting the markets determine the currency.

When the price of a drug rises, it becomes profitable and the target of new competition.

So far no chemist has ever discovered exchange-value either in a pearl or a diamond.

We might as well reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper, as whether value is governed by demand or supply.

For price is everywhere regulated by the return obtained by this last portion of capital, for which no rent whatever is paid.

Supply and demand eventually rebalance. We've seen this again and again and again.

I don't think anybody's really been successful with theorizing about value or creating a price theory.

The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to economists.

I understand that the rupee is fairly market determined.