A Quote by David Ricardo
It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may, in return for manufactured commodities, import corn even if it can be grown with less labour than in the country from which it is imported
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The principle on which this country was founded and by which it has always been governed is that Americanism is a matter of the mind and heart; Americanism is not, and never was, a matter of race or ancestry.
The U.S. tends to export high-tech goods because we have strong comparative advantage there, and we tend to import labor-intensive and less skill-intensive goods that other countries can do more cheaply.
If you look at history, there seems to be a regular pattern: the country with the most powerful military also happens to be the one with the world trade currency. That gives them an enormous economic advantage, which causes goods to flow into their country.
The danger which threatens us comes from Labour...Those who think that the Conservative or Unionist Party, standing as such and disavowing its Liberal allies, could return with a working majority are living in a fools paradise and, if they persist, may easily involve themselves and the country in dangers the outcome of which it is hard to predict.
Economists have understood since the Victorian era that the main benefits of trade come from comparative advantage: the idea that people can specialize in what they're good at and then benefit from exchange. The principle is no more mysterious than specialization in the labor market.
If a country is taking advantage of America, not going to let that happen anymore. Every country takes advantage of us almost. I may be able to find a couple that don't. But for the most part, that would be a very tough job for me to do.
I come from a generation of sceptics, who do not believe what politicians say. The Labour Party wants to convince people through actions, not words. The Nationalist party have given the country 25 years of lies, the Labour Party will build the country anew.
Thousands of important and intelligent men have never been able to grasp the principle of comparative advantage or believe it even after it was explained to them
By far the greatest part of those goods which are the objects of desire, are procured by labour; and they may be multiplied, not in one country alone, but in many, almost without any assignable limit, if we are disposed to bestow the labour necessary to obtain them.
By far the greatest part of those goods which are the objects of desire, are procured by labour and they may be multiplied, not in one country alone, but in many, almost without any assignable limit, if we are disposed to bestow the labour necessary to obtain them.
Terror is only justice: prompt, severe and inflexible; it is then an emanation of virtue; it is less a distinct principle than a natural consequence of the general principle of democracy, applied to the most pressing wants of the country.
Let our object be - our country, our whole country, and nothing but our country. And by the blessing of God, may that country itself become a vast and splendid monument - not of oppression and terror, but of wisdom, of Peace, and of Liberty, upon which the world may gaze with admiration forever.
But the truth of the matter is that there is there is an opportunity for them to participate in the economic and political future of the country and certainly in the security life of the country.
India may be overtaking China as the world's most polluted country. Even now, which country is worse depends on the day.
We ought to increase legal immigration for our country's advantage. The high-tech world we are now dominating is dependent on educated folks, but we're short...of workers. It is to our nation's advantage to encourage high-powered, smart people to come into our country.
A man's country is not a certain area of land, of mountains, rivers, and woods, but it is a principle: and patriotism is loyalty to that principle. In poetic minds and in popular enthusiasm this feeling becomes closely associated with the soil and the symbols of the country. But the secret sanctification of the soil and the symbol is the idea which they represent, and this idea the patriot worships through the name and the symbol, as a lover kisses with rapture the glove of his mistress and wears a lock of her hair upon his heart.
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