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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
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"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 #moneywealth

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A rise in wages, from an alteration in the value of money, produces a general effect on price,…

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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

About David Ricardo

David Ricardo was a Economist from United Kingdom of Great Britain and Ireland (1772–1823).

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Frequently Asked Questions

Who said "A rise in wages, from an alteration in the value of money, produces a general e…"?
This quote is attributed to David Ricardo, a Economist from United Kingdom of Great Britain and Ireland.
When did David Ricardo live?
David Ricardo lived from 1772 – 1823.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.