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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... "
“The” Life of Major-General Sir Thomas Munro, Bart. and K.C.B., Late ... - Page 287
by George Robert Gleig - 1830
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Socialism, Capitalism and Economic Growth

Charles Hilliard Feinstein, Maurice Dobb - Capitalism - 1967 - 398 pages
...scarcity of labour, and (4) gives the 'supply price 'of labour. It represents Ricardo's expression : 'Labour is dear when it is scarce and cheap when it is plentiful.' (Principles, Chapter V.) In the longer run labour supply is influenced by population growth,...
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