 | David Ricardo - Economics - 1928 - 376 pages
...cost of giving it." " Rieardo's "natural price of labor" ('that price which is necessary to enable the labourers, one with another, to subsist and to...their race, without either increase or diminution ') was to Malthus " a most unnatural price " — but Malthus meant by " natural " something akin to... | |
 | Ross Lee Finney - Education - 1928 - 592 pages
...Ricardo wrote: "The natural price of labor is the price which is necessary to enable the laborers, one with another, to subsist and to perpetuate their race, without either increase or diminution." This sounds almost 1 See LH Haney, History of Economic Thought, p. 212 fl ; HR Scagcr, Principlet oj... | |
 | Thomas Sowell - Business & Economics - 1994 - 174 pages
...Wealth of Nations, pp. 74-75. 45 "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 increased or diminution." Ricardo, Works, 1, 193; "Notwithstanding the tendency of wages to conform... | |
 | Phyllis Deane - Business & Economics - 1978 - 260 pages
...same way as that of any other commodity. Its 'natural price' is that 'which is necessary to enable the labourers one with another, to subsist and to...their race without either increase or diminution.' This in its turn depended on 'the quantity of food, necessaries and conveniences become essential to... | |
 | Robert Brown - Philosophy - 1984 - 292 pages
...is its natural price.'30 Thus 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.'31 For Ricardo, as it had been for many eighteenth-century thinkers, the 'natural price'... | |
 | R. D. Collison Black - Biography & Autobiography - 1986 - 268 pages
...opens with the definition of the 'natural price of labour' as 'that price which is necessary to enable the labourers one with another, to subsist and to...their race, without either increase or diminution' (I, p.93);5 this depends on the prices of those commodities that have 'become essential . . . from... | |
 | Thomas Robert Malthus - Classical school of economics - 1989 - 682 pages
...Mr. Ricardo has defined the natural price of labour a 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... | |
 | John Rogers Commons - Business & Economics - 688 pages
...description used by Ricardo; "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" tPrinciples, chapter 5l, The more extensive view Sismondi had of what constituted a living wage was... | |
 | John Cunningham Wood - Business & Economics - 1991 - 686 pages
...it is that wage which sets population growth equal to zero: "that price which is necessary to enable the labourers, one with another, to subsist and to...their race, without either increase or diminution" ( Sraffa, I, 93). It is not, I will argue, an exogenous specification from Malthus' population theory.... | |
 | John Cunningham Wood - Business & Economics - 1991 - 226 pages
...(1951, 1, p. 93), "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," so that the subsistence wage corresponds to a wellspecified (zero) growth rate of population. As a... | |
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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. 
