David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 114

We have seen that the price[10] of corn is regulated by the quantity of labour necessary to produce it, with that portion of capital which pays no rent. We have seen too that all manufactured commodities rise and fall in price, in proportion as more or less labour becomes necessary to their production. Neither the farmer who cultivates that quality of land, which regulates price, nor the manufacturer, who manufactures goods, sacrifice any portion of the produce for rent. The whole value of their commodities is divided into two portions only: one constitutes the profits of stock, the other the wages of labour.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 114 · Verified：2026-10-19 · Verification：Short excerpt

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