 | Franklin Monroe Sprague - Socialism - 1892 - 528 pages
...Ricardo says, " The natural price of labor is that price which is necessary to enable the laborers, one with another, to subsist and to perpetuate their race, without either increase or diminution." * John Stuart Mill says that " this minimum rate of 1 As quoted in " French and German Socialism" (Ely),... | |
 | Richard Theodore Ely - Economics - 1893 - 826 pages
...Said Ricardo: " The natural price of labor is that price which is necessary to enable the laborers, one with another, to subsist and to perpetuate their race, without either increase or diminution." Granting the premises, the logic was incontrovertible: If wages fall below this level of subsistence,... | |
 | Franklin Monroe Sprague - Socialism - 1893 - 542 pages
...Ricardo says, " The natural price of labor is that price which is necessary to enable the laborers, one with another, to subsist and to perpetuate their race, without either increase or diminution."1 John Stuart Mill says that " this minimum rate of 1 As quoted in " French and German... | |
 | Yves Guyot - Socialism - 1894 - 316 pages
...text. " The natural price of labour," says Ricardo, 1 " is that price which is necessary to enable the labourers, one with another, to subsist and to...race, without either increase or diminution. . . . The natural price of labour, therefore, depends on the price of food necessaries and conveniences required... | |
 | Thomas Nixon Carver - Value - 1894 - 36 pages
...producing laborers. " The natural price of labor is that price which is necessary to enable the laborers, one with another, to subsist, and to perpetuate their race without either increase *Patten, " Coat and Expense." t See Clark's " Law of Wages and Interest," " Possibility of a Scientific... | |
 | Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe - Economics - 1895 - 502 pages
...natural price of labor," Ricardo states, "is that price which is necessary to enable the laborers, one with another, to subsist and to perpetuate their race, without either increase or diminution." Here we find, in the first place, that Ricardo made no attempt to consider the equity in the case.... | |
 | F. U. Laycock - Depressions - 1895 - 408 pages
...natural price of labour is that price which is necessary to enable the labourers, one with the other, to subsist and to perpetuate their race without either increase or diminution." This natural price which he thus described was really what he treated of as wages throughout his book.... | |
 | Queen's University (Kingston, Ont.) - 1896 - 898 pages
...alternative question*. 1. " 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." Ricardo. Compare this view of wages with the views of Smith and Mill. 2. (a) By reference to what standard... | |
 | Henry Seymour - Capital - 1897 - 84 pages
...opposite is the (l)"The natural price of labor is that price whicli is necessary to enable the laborers, one with another, to subsist and to perpetuate their race, without either increase or diminution." — "Political Economy and Taxation". case. Again, it will be conceded that wheat is the staple food... | |
 | Graham Wallas - Great Britain - 1898 - 478 pages
...(London, 1817), p. 90, says : " 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." In the same sense Place writes : " The real wages of the labourer in a redundant population are no... | |
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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. 
