...necessaries. The natural tendency of profits then is to fall ; for, in the progress of society and wealth, the additional quantity of food required is obtained by the sacrifice of more and more labour. This tendency, this gravitation as it were of profits, is happily checked at repeated intervals. by...

...deplorable poverty and misery, and make absolute slaves of all but the owners of land and tithes. " The rise in the price of necessaries and in the wages of labour,-" says Mr. llicardo,* " is however limited ; for as soon as wages shall equal the whole receipts (gross...

...increase of capital, and by that alone, that employment can be found for an increasing population. " The rise in the price of necessaries and in the wages of labour," says Mr. Ricardo,* " is however limited ; for as soon as wages shall equal the whole receipts (gross...

...Economy, says, " The natural tendency of profits is to fall, for in the progress of society and wealth, the additional quantity of food required, is obtained by the sacrifice of more and more labour ;" which is precisely the same proposition in different terms ; " a diminution of the productive powers...

...Economy, says, " The natural tendency of profits is to fall, for in the progress of society and wealth, the additional quantity of food required, is obtained by the sacrifice of more and more labour ;" which is precisely the same proposition in different terms ; " a diminution of the productive powers...

...of society. " In the progress of society," says Mr. Ricardo, the great supporter of this doctrine, " the additional quantity of food required is obtained by the sacrifice of mure and more labour." • " It is the natural effect of improvement," says Dr. Smith, " to dimmish...

...of labour before required, and therefore to lower the price of the prime necessary' of the labourer. The rise in the price of necessaries and in the wages...however, limited ; for as soon as wages should be equal (aa in the cose formerly stated) to £720, the whole receipts of the former, there must be an end of...

...production. " The natural tendency of profits then is to fall ; for, in the progress of society and wealth, the additional quantity of food required is obtained by the sacrifice of more and more labour. This tendency, this gravitation, as it were, of profits, is happily checked, at repeated intervals,...

...of labour before required, and therefore to lower the price of the prime necessary of the labourer. The rise in the price of necessaries and in the wages...should be equal (as in the case formerly stated) to £720, the whole receipts of the farmer, there must be an end of accumulation ; for no capital can...

...taught that " the natural tendency of profits is to fall ; for in the progress of society and wealth, the additional quantity of food required is obtained by the sacrifice of more and more labor." He held, too, that rent being paid by reason of the necessity of resorting to soils of progressively...