Quote from: Money Topic

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.


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Author Bio


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