 | Lionel Danforth Edie, Benjamin Palmer Whitaker - Economics - 1927 - 184 pages
...labour, such as soldiers, domestic servants, and all other unproductive labourers." (JS MILL.) (3) "The natural price of labour is that price which is...enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution." (RiCARDO. ) (4) "Manual labor or... | |
 | David Ricardo - Economics - 1928 - 376 pages
...children this dexterity and ingenuity and the 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 perpetuate their race, without either increase or diminution ') was to Malthus " a most unnatural... | |
 | Phyllis Deane - Business & Economics - 1978 - 260 pages
...labour were determined in the 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 perpetuate their race without either increase or diminution.' This in its turn depended on 'the... | |
 | Alan W. Bellringer, C. B. Jones - English prose literature - 1980 - 176 pages
...be increased or diminished in quantity, has its natural and its market price. The natural price ol 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. The power of the labourer to support... | |
 | Robert Brown - Philosophy - 1984 - 292 pages
...possess, if not disturbed by any temporary or accidental cause, and which is its natural price.'30 Thus The natural price of labour is that price which is...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... | |
 | Takashi Negishi - Business & Economics - 1985 - 230 pages
...comparative costs Ricardo has two concepts of wage: the short-run market wage and the long-run natural wage. The natural price of labour is that price which is...enable the labourers, one with another, to subsist and to prepetuate their race, without either increase or diminution. The power of the labourer to support... | |
 | R. D. Collison Black - Biography & Autobiography - 1986 - 268 pages
...Principles is a good place to begin. It 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 perpetuate their race, without either increase or diminution' (I, p.93);5 this depends on the prices... | |
 | Michio Morishima - Business & Economics - 1990 - 268 pages
...diminished, according to whether real wages are higher or lower than the 'natural price'. He wrote: The natural price of labour is that price which is...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... | |
 | Thomas Robert Malthus - Classical school of economics - 1989 - 682 pages
...the Habits of the Labouring Classen. 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 perpetuate their race, without either increase or diminution."* This price I should really be disposed... | |
 | John Rogers Commons - Business & Economics - 688 pages
...afterwards1 the customary definition of a subsistence wage — the general description used by Ricardo; "The natural price of labour is that price which is...enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution" tPrinciples, chapter 5l, The more... | |
| |
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. 
