There is no way of keeping profits up but by keeping wages down.

David Ricardo

More information about this quote

Topic

Wages Labor Profits Zero sum thinking Capitalism Economic theory

Author

David Ricardo

Source

On Protection to Agriculture

Medium

Essay

Genre

Economic literature

Language

English

Time

1822 1820s 19th century

Occupation

Economist Writer

From

United Kingdom Europe

Authentication Score 3

Citation

Ricardo, David. On Protection to Agriculture. London: John Murray, 1822.

Illustrated Quote

A quote by David Ricardo about wages: “There is no way of keeping profits up but by keeping wages down.”
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A quote by David Ricardo about wages: “There is no way of keeping profits up but by keeping wages down.”
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A quote by David Ricardo about wages: “There is no way of keeping profits up but by keeping wages down.”
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Related Quotes

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Another quote from the 1820s

The soul of a journey is liberty, perfect liberty, to think, feel, do just as one pleases.

William Hazlitt

On Going on a Journey

Read On Going a Journey at Project Gutenberg
More information about this quote
Topic
Purpose of travel Travel

Author

William Hazlitt
Source
On Going on a Journey Table Talk (Hazlitt)
Genre
Travel writing
Language
English
Time
1822 1820s 19th century
Authentication Score 3
Original Citation

Hazlitt, William. "On Going a Journey." Table-Talk; Or, Original Essays. Vol. 2, London: H. Colburn.

Current Citation

Hazlitt, William. "On Going a Journey." The Selected Writings of William Hazlitt, edited by Duncan Wu. Vol. 6, Routledge, 2020.

Another quote about Capitalism

The opening up of new markets, foreign or domestic, and the organizational development from the craft shop and factory to such concerns as U.S. Steel illustrate the same process of industrial mutation...That incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism.

Joseph Schumpeter

Capitalism, Socialism, and Democracy

Buy Capitalism, Socialism, and Democracy at Amazon Buy Capitalism, Socialism, and Democracy at Amazon
More information about this quote
Topic
Capitalism

Author

Joseph Schumpeter
Source
Capitalism, Socialism, and Democracy
Genre
Economic literature Historical literature
Language
English
Time
1942 1940s 20th century
Authentication Score 3
Citation

Schumpeter, Joseph Alois. Capitalism, Socialism, and Democracy. Harper & Brothers, 1942, pt. 2, ch. 7.