...diminished according as it becomes more difficult to raise food. If corn, or manufactured goods, always sold at the same price, profits would be high or low, in proportion as wages were low or high. But although corn rises in price because more labour is necessary to produce it, that cause will not raise...

...according us it hrcomes more dij/ii ult to raise fout!. If corn, or manufactured goods, always sold at the same price, profits would be high or low, in proportion as wages were low or high. But although corn rises in price because more labour is necessary to produce it, that cause will not raise...

...market, and not by an increase of wages ; it follows, that if corn or manufactured goods always sold at the same price, profits would be high or low in proportion as wages were low or high. But, when corn rises in price, because more labour is necessary to produce it, and it must do so as soon...

...the manufacturers, &c. finding it necessary to throw a part upon their profits. U PROFITS. P. 109. " Neither the farmer, who cultivates that quality of...profits would be high or low in proportion as wages were high or low." P. 115. " Thus we see, that whether the produce belonging to the farmer be 180, 170,160,...

...manufacturers, &c. finding it necessary to throw a part upon their profit!5. U APPENDIX. . PROFITS. P. 109. "'Neither the farmer, who cultivates that quality...profits would be high or low in proportion as wages were high or low." P. 115. " Thus we see, that whether the produce belonging to the farmer be 180, 170,...

...observations on profits without perceiving how much he is embarrassed by his theory of value. He says: — " Supposing corn and manufactured " goods always to...rise in " price because more labour is necessary to pro" duce it, that cause will not raise the price of " manufactured goods in the production of which...

...more clearly in subsequent writers. Thus Ricardo affirms that if l — " Corn and manufactured goods sell at the same price, profits would be high or low in proportion as wages were high or low." Now this may be true with respect to corn and agricultural produce, because that is produced...

...less labour becomes necessary to their production. Neither the farmer who cultivates that quantity of land, which regulates price, nor the manufacturer,...at the same price, profits would be high or low in propor' [§ 33.] 9 The reader is desired to bear in mind, that for the purpose of making the subject...

...Works, p. 70. 2 1st ed. p. 133 ; 3d ed. in Works, p. 66. 8 1st ed. p. 116 ; 3d ed. in World, p. 60. same price, profits would be high or low in proportion...high. But suppose corn to rise in price because more laboui is necessary to produce it ; that cause will not raise the price of manufactured goods in the...

...as it becomes more difficult to raise fuod. If corn, or manufactured goods, always sold at the Fame price, profits would be high or low, in proportion as wages were low or high. But although corn rises in price because more labour is necessary to produce it, that cause will not raise...