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Daily Inspiration Quote by David Ricardo

"There can be no rise in the value of labour without a fall of profits"

About this Quote

Ricardo’s line lands like a clean blade because it refuses the comforting fantasy that everyone can win at once. Writing at the dawn of industrial capitalism, he’s looking at an economy where output is divided into wages, profits, and rents. If workers’ share rises, somebody else’s share must shrink. The sentence is spare, almost moral in its certainty, but the real power is its provocation: class conflict isn’t a mood, it’s an accounting identity.

The intent is analytic, not sentimental. Ricardo is arguing against the idea that higher wages can be absorbed painlessly by business. In his classical framework, profits are the fuel for investment; squeeze them and you slow accumulation. That’s why the quote doubles as a political warning. It speaks to factory owners terrified of wage pressure, and to reformers who imagine wages can rise without rearranging power.

The subtext is sharper: “labour” is treated as a commodity whose value moves like grain. That rhetorical move does ideological work, making distributional struggle sound like a natural law rather than a contest over institutions, bargaining power, and policy. Even his certainty has a tell: it’s a model of a particular world, one where productivity is taken as given and where wages rise mainly because necessities get more expensive (Ricardo’s “iron” logic about subsistence).

Read now, it’s less prophecy than diagnostic: whenever real wages climb, we argue over who pays - margins, prices, productivity, or the wealthy through taxation. Ricardo’s sentence endures because it names the fight hiding behind polite economics.

Quote Details

TopicWealth
SourcePrinciples of Political Economy and Taxation, David Ricardo, 1817.
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Citation Formats

APA Style (7th ed.)
Ricardo, David. (2026, January 15). There can be no rise in the value of labour without a fall of profits. FixQuotes. https://fixquotes.com/quotes/there-can-be-no-rise-in-the-value-of-labour-57878/

Chicago Style
Ricardo, David. "There can be no rise in the value of labour without a fall of profits." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/there-can-be-no-rise-in-the-value-of-labour-57878/.

MLA Style (9th ed.)
"There can be no rise in the value of labour without a fall of profits." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/there-can-be-no-rise-in-the-value-of-labour-57878/. Accessed 21 Feb. 2026.

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About the Author

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David Ricardo (April 18, 1772 - September 11, 1823) was a Economist from United Kingdom.

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