Price of Corn and Wages of Labour, with Observations Upon Dr. Smith's, Mr. Ricardo's, and Mr. Malthus's Doctrines Upon Those Subjects: And an Attempt at an Exposition of the Causes of the Fluctuation of the Price of Corn During the Last Thirty Years |
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Price of Corn and Wages of Labour: With Observations Upon Dr. Smith's, Mr ... Edward West No preview available - 2018 |
Price of Corn and Wages of Labour, with Observations Upon Dr. Smith's, Mr ... Edward West No preview available - 2018 |
Common terms and phrases
abundance actual price affects the price alteration amount of wages bread capital ex cause commodity considerable consumption cost of production course creased crop cultivation currency deficient demand and supply demand for corn demand for labour depreciation depression diminished doubt duce duction effect employed employment Essay expense fact fluctuations former greater harvest high prices improved inferior soils JOHN HATCHARD Lady Day land less low price Malthus Michaelmas mode money price natural price nearly necessaries observed period population price of corn price of labour Price of Wheat principle productive powers proportion proposition purchase quantity of food quantity of labour rate of wages raw produce real wages reasoning regulated remunerating price rent revenue Ricardo rise of price rise or fall says Smith superabundance supply and demand supposed tillage tion tural usual value of money wages of labour wants and means Wheat per Quarter whilst whole yearly average
Popular passages
Page 53 - Labour, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and perpetuate their race, without either increase or diminution.
Page 66 - Capital is that part of the wealth of a country which is employed in production, and consists of food, clothing, tools, raw materials, machinery, etc., necessary to give effect to labour.
Page 64 - The demand for those who live by wages, it is evident, cannot increase but in proportion to the increase of the funds which are destined for the payment of wages.
Page 50 - The opinion that the price of commodities depends solely on the proportion of supply to demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.
Page 65 - The demand for those who live by wages, therefore, necessarily increases with the increase of the revenue and stock of every country, and cannot possibly increase without it.
Page 65 - Notwithstanding the tendency of wages to conform to their natural rate, their market rate may, in an improving society, for an indefinite period, be constantly above it...
Page 8 - The market price of every particular commodity is regulated by the proportion between the quantity which is actually brought to market, and the demand of those who are willing to pay the natural price of the commodity...
Page 109 - Accordingly we find that in every kingdom into which money begins to flow in greater abundance than formerly, everything takes a new face; labour and industry gain life; the merchant becomes more enterprising, the manufacturer more diligent and skilful, and even the farmer follows his plough with greater alacrity and attention.
Page 26 - When a high price of corn is the effect of an increasing demand, it is always preceded by an increase of wages, for demand cannot increase, without an increase of means in the people to pay for that which they desire. An accumulation of capital naturally produces an increased competition among the employers of labour, and a consequent rise in its price.
Page 9 - On the influence of demand and supply on prices*, observes, that "the demand for a commodity cannot be said to increase, if no additional quantity of it be purchased or consumed.