John Ramsay McCulloch quotes
It is to labour... and to labour only, that man owes every thing possessed of exchangeable value. Labour is the talisman that has raised him from the condition of the savage - that has changed the desert and the forest into cultivated fields... Labour tho that has covered the earth with cities and the ocean with ships - of wealth that has given us plenty, comfort, and elegance, instead of want, misery, and barbarism.
John Ramsay McCulloch
Suppose that a cask of new wine, which cost £50, is put into a cellar, and that, at the end of twelve months, it is worth £55, the question is: Should the £5 of additional value, given to the wine, be considered as a compensation for the time the £50 worth of capital has been locked up, or should it be considered as the value of additional labour actually laid out in the wine?
John Ramsay McCulloch
John Ramsay McCulloch
Occupation: Economist
Born: March 1, 1789
Died: November 11, 1864
Quotes count: 4
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