 | Henry William Spiegel - Business & Economics - 1991 - 904 pages
...Rising food prices will tend to raise "the natural price of labor," the wage that enables laborers "to subsist and to perpetuate their race, without either increase or diminution." The market price of labor, as of other matters, reflects the forces of. demand and supply and may deviate... | |
 | Antonella Picchio - Business & Economics - 1992 - 220 pages
...and this holds for labour too. The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to...race, without either increase or diminution . . . The market price for labour is the price, which is really paid for it, from the natural operation of the... | |
 | Paul Fabra - Business & Economics - 1993 - 386 pages
...another directly in the text. 4. "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"; see above p. 40. Appendix 2 RICARDO AND THE SO-CALLED "IRON LAW OF WAGES" The incorrect interpretation... | |
 | Robin W. Winks - History - 1993 - 596 pages
...only to receive its "natural price" — that is to say, the wages "necessary to enable the laborer ... to subsist and to perpetuate their race, without either increase or diminution." Subsist meant just that; nor could anything be done about it. For if, either by government action or... | |
 | Bjarne S. Jensen - Mathematics - 1994 - 378 pages
...definitions were, wm ([135], p. 52): "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"; rm ([135], p. 73): "The minimum profit (rental) rate to afford them adequate compensation for their... | |
 | Nicholas B. Dirks, Geoff Eley, Sherry B. Ortner - Social Science - 1994 - 646 pages
...required for the support of the labourer and his family; or that quantity which is necessary to enable the labourers one with another, to subsist and to...their race without either increase or diminution. Skilled labor is the laborer's knowledge, and "the time necessary to acquire a knowledge of any species... | |
 | Werner Stark - Business & Economics - 342 pages
...still belonged to the future. 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. . . . [BJy the encouragement which high wages give to the inerease of population, the number of labourers... | |
 | James P. Henderson - Business & Economics - 1996 - 376 pages
...the natural wage-rate stated: The natural price of labour 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... | |
 | Pieter Cornelis Smit - Business & Economics - 1996 - 758 pages
...his iron wage law as follows: 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. A short summary of Ricardo's wage theory is this: Wages are determined by population growth and capital... | |
 | Pieter Cornelis Smit - Business & Economics - 1996 - 758 pages
...his iron wage law as follows: 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. A short summary of Ricardo's wage theory is this: Wages are determined by population growth and capital... | |
| |
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. 
