A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits. (David Ricardo)

A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits.

David Ricardo

Related topics

alteration effect general money price real reason rise value wages whatever profits

Related quotes

It has been my endeavour to show in this work that a fall of wages would have no other effect than to raise profits. View quote
David Ricardo
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? View quote
David Ricardo
It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures. View quote
Adam Smith
The reason why women effect so little and are so shallow is because their aims are low, marriage is the prize for which they strive; if foiled in that they rarely rise above disappointment. View quote
Sarah Grimké
Neither machines, nor the commodities made by them, rise in real value, but all commodities made by machines fall, and fall in proportion to their durability. View quote
David Ricardo