 | James P. Henderson - Business & Economics - 1996 - 376 pages
...Malthusian population principle. Ricardo's own statement of the doctrine of the natural wage-rate stated: 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 natural price of labour,... | |
 | Pieter Cornelis Smit - Business & Economics - 1996 - 758 pages
...fheory (iron wage law) Wages are the reward for labour. Ricardo states his iron wage law as follows: 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. A short summary of Ricardo's wage... | |
 | Heinz D. Kurz, Neri Salvadori - Business & Economics - 1997 - 596 pages
...problem in Political Economy" (Works I, p. 5). The "natural price of labour" is specified by Ricardo 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 — The natural price of labor, therefore,... | |
 | Werner Stark - Business & Economics - 1998 - 96 pages
...limitation of the supply of hands by birth control and trade unions — still belonged to the future. The natural price of labour is that price which is...enable the labourers, one with another, to subsist and to perpetuate their race. ... By the encouragement which high wages give to the increase of population,... | |
 | Wesley Clair Mitchell - Business & Economics - 514 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 diminution." Of course, the market price of labor,... | |
 | Vukan Kuic - Biography & Autobiography - 1999 - 190 pages
...classical theory's "iron law of wages," the most the sellers of labor are entitled to is what enables them "one with another, to subsist and perpetuate their race, without either increase or diminution."24 In other words, in contrast to all other prices, the ideal price of labor on the classical... | |
 | David L. Sills, Robert King Merton - Social Science - 2000 - 466 pages
...and sold, and which may be increased or diminished in quantity, has its natural and its market price. 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 Principles of Political Economy... | |
 | Anthony Wilden - Language Arts & Disciplines - 2001 - 664 pages
...in a 'struggle for existence* governed by Malthusian laws of starvation: The natural price of labor is that price which is necessary to enable the labourers,...their race, without either increase or diminution (1817: quoted by Hardin, 1963 : 282). The point to be made, of course, is that Say's Law was refuted... | |
 | Andy Turnbull - Canada - 2001 - 260 pages
..."law of wages." "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."5 RICARDO, quoted in The Case Against the Global Economy, pg.220, in article by MORRIS,... | |
 | Udo Kern - Business ethics - 2002 - 244 pages
...etwas physisch Vorgegebenem allerdings prinzipiell behebbar. Vgl. Ricardo (wie Anm. 50), Chap.V, S. 93: „The natural price of labour is that price which...enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution." (Hervorhebung von mir, MS). Damit... | |
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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. 
