 | Stephen Colwell - 1867 - 104 pages
...definition of the natural price of labor, as " that price which is necessary to enable the laborers, one with another, to subsist and perpetuate their race without either increase or diminution." One with another, that is, a kind of average chance of living or not starving is regarded as all that... | |
 | Henry Charles Carey - Social Science - 1872 - 476 pages
...readers that the " natural rate of wages is just that price which is necessary to enable the laborers, one with another, to subsist and perpetuate their race^ without either increase or diminution;" not, however, explaining why he himself, who never labored, should be entitled to claim any higher... | |
 | Henry Charles Carey, Kate McLean - Economics - 1872 - 584 pages
...to call the natural rate of wages, as being " that price which is necessary to enable the laborers, one with another, to subsist and perpetuate their race, without either increase or diminution"* — that is to say, such price as will enable some to grow rich and increase their race, while others... | |
 | Robert Ellis Thompson, William Wilberforce Newton, Otis H. Kendall - 1872 - 722 pages
...to call the natural rate of wages, as being " that price which is necessary to enable the laborers, one with another, to subsist and perpetuate their race, without either increase or diminution:"* that is to say, such price as will enable some to grow rich and increase their race, while others perish... | |
 | Henry Dunning Macleod - 1875 - 546 pages
...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...their race, without either increase or diminution." " The natural price of labour depends on the price of food, necessaries, and conveniences required... | |
 | Henry Dunning Macleod - Economics - 1878 - 200 pages
...Labour is a commodity like every other, and rises and falls according to demand.' Ricardo also says, 'The natural price of Labour is that price which is...their race, without either increase or diminution.' ' The natural price of Labour depends on the price of food, necessaries, and conveniences required... | |
 | Henry Mayers Hyndman - Democracy - 1881 - 212 pages
...amount of average necessaries thus ascertained is called by Ricardo, the " natural price of labour," and 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." In this way we have that amount of... | |
 | Henry Mayers Hyndman - Democracy - 1881 - 222 pages
...amount of average necessaries thus ascertained is called by Ricardo, the " natural price of labour," and 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." In this way we have that amount of... | |
 | Henry Sidgwick - Economics - 1883 - 626 pages
...true that he sometimes incautiously uses language that suggests this meaning ; as when he says that " the natural price of labour is that " price which...one with " another, to subsist and perpetuate their race2." But he elsewhere repeatedly recognises that the natural price of .labour " essentially depends... | |
 | David Ricardo, John Ramsay McCulloch - Economics - 1886 - 688 pages
...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...enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution. The power of the labourer to support... | |
| |
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. 
