 The market price of labour is the price which is really paid for it, from the natural operation of the proportion of the supply to the demand; labour is dear when it is scarce and cheap when it is plentiful. However much the market price of labour may...  The Elements of Political Economy - Page 209by Henry Dunning Macleod - 1858 - 573 pagesFull view - About this book
 | 1817 - 522 pages
...conveniences which that money will purchase; " — that " the market price of labour is the price that is really paid for it, from the natural operation of the proportion of the supply to the demand : labour is dear when it is scarce, and cheap when it is plentiful ; " — that " when the market price... | |
 | David Ricardo - Economics - 1821 - 560 pages
...by the increasing skill, both in science and art, of the producers. •S The market price of labour is the price which is really paid for it, from the...operation of the proportion of the supply to the demand ; labour is dear when it is scarce, and cheap when it is plentiful./ However much the market price... | |
 | David Ricardo - Economics - 1821 - 566 pages
...really paid for it, from the natural operation of the proportion of the supply to the demand ; labour is dear when it is scarce, and cheap when it is plentiful. However much the market price of labour may deviate from its natural price, it has, like commodities, a tendency to conform to it. It... | |
 | Sir Edward West - Agriculture - 1826 - 188 pages
...passage, though he attempts to impugn the doctrine in others. " The market price of labour," says he,* " is the price which is really paid for it from the...operation of the proportion of the supply to the demand." In another passage,-} however, he says, " The opinion that the price of commodities depends solely... | |
 | Sir Edward West - Agriculture - 1826 - 194 pages
...passage, though he attempts to impugn the doctrine in others. " The market price of labour," says he,* " is the price which is really paid for it from the...operation of the proportion of the supply to the demand." In another passage,-} however, he says, " The opinion that the price of commodities depends solely... | |
 | George Robert Gleig - India - 1830 - 472 pages
...and perpetuate their race, without either increase or diminution." P. 86. "The marketprice of labour is the price which is really paid for it from the...operation of the proportion of the supply to the demand ; labour is dear when it is scarce, and cheap when it is abundant." P. 88. " Capital may increase at... | |
 | Earl Thomas Brassey Brassey - Labor - 1872 - 316 pages
...conformity with the law of wages as stated by Mr. Ricardo when he says : " The market price of labour is the price which is really paid for it, from the natural operations of supply and demand. Labour is dear when it is scarce, and cheap when it is plentiful."... | |
 | Henry Dunning Macleod - Economics - 1875 - 546 pages
...labour will fall." — " The 1 Principles of Political Economy, p. 86. 3rd Edit. market price of labour is the price which is really paid for it, from the...operation of the proportion of the supply to the demand ; labour is dear when it is scarce, and cheap when it is plentiful. However much the market price of... | |
 | Henry Dunning Macleod - Economics - 1875 - 556 pages
...fall."—" The i Principles of Political Economy, p. 86. 3rd JSdit. market price of labour is tlie price which is really paid for it, from the natural...operation of the proportion of the supply to the demand; labour is dear when it is scarce, and cheap when it is plentiful. However much the market price of... | |
 | 1877 - 200 pages
...were set forth in the clearest and most concise form by Mr. Ricardo, in 1817. " Labor," he wrote, " is dear when it is scarce, and cheap when it is plentiful." To these expositions of the simple principles which govern the rate of wages, I can only add the lesson... | |
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