Ricardo Quotes
Economics has always flourished and acquired energy from controversies generated by practical policy questions of the day. That was true in the times of Smith, and Ricardo, and Keynes, and it is true today. These periods of division and revolution and counterrevolution are generally followed by periods of synthesis and consolidation from which the science emerges stronger. i am optimistic that this will happen again, and that the best of the insights of the new clasicals will be absorbed in a mainstream, in which the essential insights of Keynesian economists also survive.
James Tobin
Khan is played as a cauldron of resentment by Ricardo Montalban, and his performance is so strong that he helps illustrate a general principle involving not only Star Trek but Star Wars and all the epic serials, especially the James Bond movies: Each film is only as good as its villain. Since the heroes and the gimmicks tend to repeat from film to film, only a great villain can transform a good try into a triumph.
Roger Ebert
In contrast to Smith's incomplete modeling, his follower, David Ricardo, provides a coherent setting- basically, the first macroeconomic model-that can be tested, modified, and applied. Although Ricardo is surely narrower and less imaginative and insightful than Smith, he is also a lot better organized. That is why Ricardo's analysis of macroeconomics-for example, of the implications of public debt-is more coherent and useful than Smith's.
Robert Barro
The phrase laissez-faire is not to be found in the works of Adam Smith, of Ricardo, or of Malthus. Even the idea is not present in a dogmatic form in any of these authors. Adam Smith, of course, was a Free Trader and an opponent of many eighteenth-century restrictions on trade. But his attitude towards the Navigation Acts and the usury laws shows that he was not dogmatic. Even his famous passage about 'the invisible hand' reflects the philosophy which we associate with Paley rather than the economic dogma of laissez-faire.
John Maynard Keynes
We owe nothing in our origins from Adam Smith, Ricardo, Pareto, Proudhon, Bakunin, Karl Marx, Lenin, or any of the rest of the political philosophies. We do owe a debt to J. Willard Gibbs, Nikola Tesla, Steinmetz, Mac and John Rusk, and a thousand other American chemists, engineers, scientists, and technologists.
Howard Scott
The physiocrats started a train of thought which was a powerful stimulus to the development of a labour theory of value and surplus value. They did not, however develop such a theory of value themselves. What attention they gave to the problem of exchange-value and price produced results of an altogether different character. Thus while one of their contributions finds its continuation in Smith, Ricardo, and Marx, the other leads to the post-classical supply and demand and utility theories of value.
Eric Roll, Baron Roll of Ipsden
A very useful book might be written with the sole object of advising what parts of what books should be read. It should not be a book of elegant extracts, but should merely refer to the passages which are advised to be read. It might also indicate what are the chief works upon any given subject. For example, take rent; the important passages in Adam Smith, Ricardo, Jones, Mill, and other writers, should be referred to.
Arthur Helps
Critical theory ... values Freud as a non-ideological thinker and theoretician of contradictions-contradictions which his successors sought to escape and mask. ... "The greatness of Freud,” wrote Adorno, "consists in that, like all great bourgeois thinkers, he left standing undissolved such contradictions and disdained the assertion of pretended harmony where the thing itself is contradictory. He revealed the antagonistic character of the social reality.” ... A parallel can be established between Marx's judgment on Ricardo and the post-Ricardians. To Marx, Ricardo was the classic and best representative of bourgeois economics since he articulated the contradictions of bourgeois society without glossing them over.
Russell Jacoby
If all that divides Marx from the Classical Economists amounts to the historical character of economic categories, Marx need only historicize these categories, refusing to take them as fixed, absolute or eternal, but, on the contrary, regarding them as relative, provisional and transitory, i.e., as categories subject in the last instance to the moment of their historical existence. In this case, Marx's relation to Smith and Ricardo can be represented as identical with Hegel's relation to classical philosophy. Marx would then be Ricardo set in motion, just as it is possible to describe Hegel as Spinoza set in motion; set in motion, i.e., historicized.
Baruch Spinoza
Where Adam Smith and David Ricardo had envisaged a growing worldwide division of labor, they had thought that each country would freely select the commodities it was most qualified to produce, and that each would exchange its optimal commodity for the optimal commodity of others. Thus in Ricardo's example, Britain would send Portugal its textiles, while Britons would consume Portuguese wines in turn. What his vision of free commodity exchange omits are the constraints that governed the selection of particular commodities, and the political and military sanctions used to ensure the continuation of quiet asymmetrical exchanges that benefited one party while diminishing the assets of another.
Eric Wolf
