 | William Lee Rees - Cooperation - 1888 - 504 pages
...labour which he calls the market price, as distinguished from the "natural price."* " The market price of labour is the price which is really paid for it...labour is dear when it is scarce and cheap when it is plentiful." "When the market price of labour is below the natural price the condition of the labourers... | |
 | Josef Maria Baernreither - Fraternal organizations - 1889 - 500 pages
...without either increase or diminution " ; whilst the market price of labour, according to his view, is " the price which is really paid for it, from the...operation of the proportion of the supply to the demand." If, therefore, according to his theory, the market price of labour exceeds its natural price, — that... | |
 | American Academy of Political and Social Science - Political science - 1890 - 788 pages
...to listen to Ricardo's statement of the law of market wages. He says : " The market price of labor is the price which is really paid for it, from the...operation of the proportion of the supply to the demand ; labor is dear when it is scarce and cheap when it is plentiful." It is certainly true, as we have... | |
 | David Ricardo - Economics - 1895 - 166 pages
...of labour, and by the increasing skill, both in science and art, of the producers. The market price of labour is the price which is really paid for it,...labour is dear when it is scarce, and cheap when it is plentiful. However much the market price of labour may deviate from its natural price, it has, like... | |
 | Benjamin Wood - Labor - 1901 - 200 pages
...and to perpetuate their race without either increase or diminution. . . . The market price of labor is the price which is really paid for it, from the...operation of the proportion of the supply to the demand." \V HEN the toilers are poorly housed, poorly clad, poorly fed, poorly educated, with just sufficient... | |
 | William Bell Robertson - Economics - 1906 - 84 pages
...subsist and to perpetuate their race, without either increase or diminution." Again, " The market price of labour is the price which is really paid for it, from the natural operation * Ricardo is quite up-to-date on such questions. Professor Marshall speaking of value with accurate... | |
 | Fred Manville Taylor - Economics - 1907 - 242 pages
...fall in their price, the natural price of labor will fall. The market price of labor is the price that is really paid for it, from the natural operation of the proportion of the supply to the demand ; labor is dear when it is scarce, and cheap when it is plentiful. However much the market price of... | |
 | Fritz Per Hansson Brock - Depressions - 1909 - 250 pages
...materially — — in different countries», dels medger han, att marknadspriset på arbetet beror af »the natural operation of the proportion of the supply to the demand» och kan »in an improving society, for an indefinite period, be constantly above it (det naturliga... | |
 | Edmund J. Burke - Economics - 1913 - 508 pages
...paid." (Political Economy, Vol. I, pp. 328, 329-) Ricardo declares that " the market price of labor is the price which is really paid for it, from the natural operations of supply and demand. Labor is dear when it is scarce, and cheap when it is plentiful."... | |
 | William Stoddard Williams - Unemployed - 1917 - 120 pages
...laborers to subsist and propagate their race without increase or diminution. The market price of labor, is the price which is really paid for it from the...operation of the proportion of the supply to the demand." Labor is cheap when there is an oversupply, thus a large reserve of labor keeps down wages and the... | |
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The market price of labour is the price which is really paid for it, from the natural operation of the proportion of the supply to the demand; labour is dear when it is scarce and cheap when it is plentiful. However much the market price of labour may... 
