Quote by: David Ricardo

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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Author Bio


  • NameDavid Ricardo
  • DescriptionBritish political economist
  • BornApril 19, 1772
  • DiedSeptember 11, 1823
  • CountryUnited Kingdom
  • ProfessionEconomist; Stockbroker; Philosopher; Politician