 | Frederick William Roe - England - 1921 - 356 pages
..."The natural price of labor," said Ricardo, "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." (Quoted by Gide and Rist, History of Economic Doctrine, 157.) 2 The suggestions of Malthus and others... | |
 | Thomas Hodgskin - Capital - 1922 - 120 pages
...has therefore 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... | |
 | Paul Ghio - Economics - 1923 - 212 pages
...natural and ils market price. The natural price of labour is that price whicb is necessary to enable the labourers, one with another, to subsist and to...or diminution. The power of the labourer to support himselaf, and the family which may be necessary to keep up the number of labourers, dues not depend... | |
 | Edward Batten - Economics - 1923 - 120 pages
...than the amount which Ricardo denned as the Natural Price of Labour, the sum " necessary to enable the labourers one with another to subsist and to perpetuate...their race without either increase or diminution." A man should live by his work, not die by it, and every Monday morning should find him, so far as his... | |
 | Morris Albert Copeland - Economics - 1924 - 584 pages
...employs. "The natural price of labour," Ricardo goes on, "is that price which is necessary to enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or dimunition. " Of course the market price of labor, "the price which is really paid, . . . may, in an... | |
 | Willard Earl Atkins, Harold Dwight Lasswell - Labor - 1924 - 546 pages
...theory Ricardo said, "The natural price of labor is that price which is necessary to enable the workers, one with another, to subsist and to perpetuate their race, without either increase or diminution." This theory that wages, in the long run, tend to equal a bare subsistence is a corollary of the Malthusian... | |
 | Dexter Simpson Kimball - Factory management - 1925 - 470 pages
...which stated that: "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 has long since been discarded." Not only has this "iron law of wages" been proved to be untrue by the... | |
 | Lionel Danforth Edie - Economics - 1926 - 832 pages
...passage, 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." The doctrine thus expressed had been previously enunciated in various forms by the Physiocrats and by Adam... | |
 | Lionel Danforth Edie, Benjamin Palmer Whitaker - Economics - 1927 - 184 pages
...labourers." (JS MILL.) (3) "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. ) (4) "Manual labor or labor power is, under the present organization of society, a commodity... | |
 | Willard Earl Atkins, Harold Dwight Lasswell - Labor - 1924 - 548 pages
...theory Ricardo said, "The natural price of labor is that price which is necessary to enable the workers, one with another, to subsist and to perpetuate their race, without either increase or diminution." This theory that wages, in the long run, tend to equal a bare subsistence is a corollary of the Malthusian... | |
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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. 
