Practical Observations on Mr. Ricardo's Principles of Political Economy and Taxation (Classic Reprint) - Couverture souple

John Stuckey Reynolds

 
9781331317432: Practical Observations on Mr. Ricardo's Principles of Political Economy and Taxation (Classic Reprint)

Synopsis

The digital edition of all books may be viewed on our website before purchase. Excerpt from Practical Observations on Mr. Ricardo's Principles of Political Economy and Taxation (Classic Reprint)



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Présentation de l'éditeur

Ov Mr. Ricardo sopinion that a rise in wages does not ijicrease the jice of commodities. In the following extracts, Mr. Ricardo has clearly defined the nature of wages :P age 86. Labour, like all other things which are purchased 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 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 hiniselfj and the family which may be necessary to keep up the number of labourers, does not depend on the (juantity of money which he may receive for wages, but on the quantity of fond, necessaries, and conveniences become essential to This and the folluwiiv extracts ure made from tlie third edition.
(Typographical errors above are due to OCR software and don't occur in the book.)

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