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" The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution. "
On the Principles of Political Economy, and Taxation - Page 86
by David Ricardo - 1821 - 538 pages
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The British review and London critical journal

1817 - 522 pages
...market price ;" — that, " the natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to...their race, without either increase or diminution ; " — that " the power of the labourer to support himself and the family which may be necessary to...
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The Pamphleteer, Volume 17

Great Britain - 1820 - 606 pages
...of this subject. " The natural price of labor is that price which is necessary to enable laborers, one with another, to subsist, and to perpetuate their race, without either increase or diminution."' Though the wages of labor are paid in money, yet the natural price does not depend upon the quantity...
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Principles of Political Economy Considered with a View to Their Practical ...

Thomas Robert Malthus - Economics - 1821 - 482 pages
...MR. RICARDO has defined the natural price of labour to be " that price which is necessary to enable the labourers one with another to subsist, and to...their race, without either increase or diminution."* This price I should really be disposed to call a most unnatural price; because in a natural state of...
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Price of Corn and Wages of Labour, with Observations Upon Dr. Smith's, Mr ...

Sir Edward West - Agriculture - 1826 - 188 pages
...labour, which he thus defines. " The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to...their race without either increase or diminution." It is hardly possible to refrain from expressing astonishment that an author of the late Mr. Ricardo's...
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Price of Corn and Wages of Labour, with Observations Upon Dr. Smith's, Mr ...

Sir Edward West - Agriculture - 1826 - 194 pages
...labour, which he thus defines. " The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to...their race without either increase or diminution." It is hardly possible to refrain from expressing astonishment that an author of the late Mr. Ricardo's...
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Political Economy: An Inquiry Into the Natural Grounds of Right to Vendible ...

Samuel Read - Economics - 1829 - 444 pages
...Ricardo defines the natural price (or wages) of labour to be " that price which is necessary to enable the labourers, one with another, to subsist, and to...their race, without either increase or diminution."* But this definition could only be intended to apply to the very lowest description of labourers, whom...
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Political Economy: An Inquiry Into the Natural Grounds of Right to Vendible ...

Samuel Read - Economics - 1829 - 440 pages
...Ricardo defines the natural price (or wages) of labour to be " that price which is necessary to enable the labourers, one with another, to subsist, and to...perpetuate their race, without either increase or diminution.'1* But this definition could only be intended to apply to the very lowest description of...
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The Political Text Book: Comprising a View of the Origin and Objects of ...

William Carpenter - Great Britain - 1833 - 270 pages
...Ricardo has justly defined the price of labour to be such a quantity of commodities as will enable the labourers, one with another, to subsist, and to...their race, without either increase or diminution. Such is all which the nature of profit or interest on capital will allow them to receive, and such...
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Principles of Political Economy Considered with a View to Their Practical ...

Thomas Robert Malthus - Economics - 1836 - 520 pages
...natural price of labour has been defined by Mr. Ricardo to be " that price which is necessary to enable the labourers one with another to subsist, and to...their race, without either increase or diminution.''* This price I should really be disposed to call a most unnatural price ; because in a natural state...
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An Essay on the Distribution of Wealth

George Ramsay - Wealth - 1836 - 510 pages
...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 to perpetuate their race, without either increase or diminu* Sec more on Money-wages, in chapter on Gross Profits. tion."* He afterwards observes, " However...
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