David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 349

When from the progress of population, land of the same quality as before should be taken into cultivation, to produce the food required, and the same number of men should be employed in producing it, the landlord would have not only the same proportion of the produce as before, but that proportion would also be of the same value as before. Rent then would be the same as before; profits, however, would be much higher, because the price of food, and consequently of wages, would be much lower. High profits are favourable to the accumulation of capital. The demand for labour would further increase, and landlords would be permanently benefited by the increased demand for land.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 349 · Verified：2026-10-19 · Verification：Short excerpt

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