A Quote by David Ricardo
The price of corn will naturally rise with the difficulty of producing the last portions of it.
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There is abundant proof that the opening of our ports always tends to raise the price of foreign corn to the price in the English market, and not to sink the price of British corn to the price in the continental market.
The proposition of Mr. Ricardo, which states that a rise in the price of labour lowers the price of a large class of commodities, has undoubtedly a very paradoxical air; but it is, nevertheless, true, and the appearance of paradox would vanish, if it were stated more naturally and correctly.
We're going to move from a commodity economy where you basically grow the same kind of crops - where a kernel of corn is a kernel of corn is a kernel of corn - to an ingredient economy where there will be a kernel of corn that will be designed for fuel, there will be a kernel of corn designed for livestock.
The dogmas of the quiet past are inadequate to the stormy present. The occasion is piled high with difficulty, and we must rise to the occasion. We cannot escape history. We will be remembered in spite of ourselves. The fiery trial through which we pass will light us down in honour or dishonour, to the last generation. We shall nobly save, or meanly lose, our last best hope of Earth.
Capitalism is about producing a better product at a better price. As individuals, we have to keep producing better products at a better price, also, or we're obsolete.
With the increasing price levels, the farmers are benefiting. Dal, atta, vegetables have all become expensive. I am happy with this price rise. The more the prices rise the better it is for farmers
When you're living by instinct, then you will naturally enhance everything and everyone around you. In other words, success will come naturally! When both your intellect and instincts are aligned, then producing the fruits of your labors brings satisfaction beyond measure.
A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.
A BOUNTY on the exportation of corn tends to lower its price to the foreign consumer, but it has no permanent effect on its price in the home market.
You can't view inflation as a perception issue. Price rise should be seen as a reality. What is available for a consumer should be seen for what it is. There should never be an attempt to view price rise as a perception issue as a means of escaping the reality of price rise.
If I had to describe my remarks this evening frankly as if I were in police court and on oath, so to speak I should have to call it a ramble over several subjects, portions of which may seem to you to be impudent, and portions of which will be ignorant, and portions of which may contrive to be both at once.
When you have weird policy decisions in the United States that then ripple out throughout the world, the rest of the world really takes it on the chin. When the U.S. decides to set their corn on fire rather than to eat it, which is what the biofuels policy basically is - then that drives up the price of corn. It drives up the price of substitutes. And all of a sudden you have a sort of spiral of food prices. And other countries don't have the resources, because they're not allowed to, to weather the storm.
If you could eat portions of pine trees, you could eliminate corn in many ways.
Modern agriculture has been accurately described as a way of turning oil into food. As the price of oil continues to rise, so will the price of food.
The government will pay certain farmers to not grow corn. Wow. Where's my check? That'd be great. "Hey, what do you do for a living?" "Well, I don't grow corn. Get up at the crack of noon, make sure there's no corn growing. I'm gonna get up early tomorrow. And not plow. You know, we used to not grow tomatoes-but there's more money in not growing corn."
We believe that part of the answer lies in pricing energy on the basis of its full costs to society. One reason we use energy so lavishly today is that the price of energy does not include all of the social costs of producing it. The costs incurred in protecting the environment and the health and safety of workers, for example, are part of the real costs of producing energy-but they are not now all included in the price of the product.
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