 | John Roscoe Turner - Rent - 1921 - 252 pages
...that he overlooks Ricardo's point that the price of labor must be high enough to enable the laborers, one with another, to subsist and perpetuate their race, without either increase or diminution, from which it follows that an increase of rent tends to diminish profits rather than wages. 23 An additional... | |
 | Herbert Heaton - Australia - 1922 - 304 pages
...to dismal conclusions. Wages, he said, tend to fall to the natural minimum; that minimum is the ' ' price which is necessary to enable the labourers,...their race, without either increase or diminution." Above this level wages may go, provided there is a scarcity of labour; but as the tendency is for the... | |
 | Gordon S. Watkins - Labor - 1922 - 694 pages
...market price. "The natural price of labor is that price which is necessary to enable the laborers, one with another, to subsist and perpetuate their race, without either increase or diminution." The natural price of labor, therefore, depends upon the cost of subsistence. The market price of labor... | |
 | Thomas Hodgskin - Capital - 1922 - 120 pages
..."necessaries and conveniences 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 perpetuate their race, without either increase or diminution." Whatever may be the truth of the... | |
 | Paul Ghio - Economics - 1923 - 212 pages
...in quantity, has its 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 perpetuate their race, without either increase or diminution. The power of the labourer to support... | |
 | Morris Albert Copeland - Economics - 1924 - 584 pages
...works it and ordinary wages to the laborers he 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,... | |
 | Judith Blow Williams - Great Britain - 1926 - 572 pages
...conclusions were accepted as standard by the English classical school. Rent explained as a differential. "The natural price of labour is that price which is...necessary to enable the labourers, one with another, to perpetuate their race, without either increase or diminution." p. 90. Profits tend to fall, they vary... | |
 | Robert Harry Inglis Palgrave, Henry Higgs - Economics - 1926 - 886 pages
...Ricardian theory of the natural price of the commodity labour as that "which is necessary to enable labourers one with another to subsist and perpetuate...their race without either increase or diminution." He denies that labour is a commodity, or that, as according to HF STOBOH, it has a " Prix necessaire,"... | |
 | Charles Larrabee Street - Individualism - 1926 - 186 pages
...Ricardo says: "The natural price of labor is that price which is necessarjr to enable the laborers, one with another, to subsist and perpetuate their race, without either increase or diminution."*" And James Mill says: "If more workmen cannot be obtained—wages will be raised; which, giving an impulse... | |
 | Nora Milnes - Economics - 1926 - 248 pages
...who have never studied his work. According to him there is a natural rate of wages which is " what is necessary to enable the labourers, one with another, to subsist." And if we ask what this is, we find him stating that it is " the quantity of food, necessaries, and conveniences... | |
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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. 
