...treated psy1 " 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."—DAVID RICARDO : Principles of Political Economy and Taxation, p. 70. " Like other contracts,...

...subsistence to the laborer ? 1. Political Economists declare that such is the fact. Ricardo says, " The natural price of labor is that price which is...perpetuate their race, without either increase or diminution."1 John Stuart Mill says that " this minimum rate of 1 As quoted in " French and German...

...at some length to show that the natural price of labor is fixed by the cost of producing laborers. " The natural price of labor is that price which is...and to perpetuate their race without either increase *Patten, " Coat and Expense." t See Clark's " Law of Wages and Interest," " Possibility of a Scientific...

...natural price of labour," says Ricardo,1 " 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 natural price of labour, therefore, depends on the price of food necessaries and conveniences...

...presents two more features of the classical theory. " The natural price of labor," Ricardo states, "is that price which is necessary to enable the laborers,...their race, without either increase or diminution." Here we find, in the first place, that Ricardo made no attempt to consider the equity in the case....

...presents two more features of the classical theory. " The natural price of labor," Ricardo states, "is that price which is necessary to enable the laborers,...their race, without either increase or diminution." Here we find, in the first place, that Ricardo made no attempt to consider the equity in the case....

...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 himself, and the family which may be necessary to keep up the...

...natural price of labour is that price which is necessary to enable the labourers, one with the other, to subsist and to perpetuate their race without either increase or diminution." This natural price which he thus described was really what he treated of as wages throughout his book....

...question*. 1. " 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." Ricardo. Compare this view of wages with the views of Smith and Mill. 2. (a) By reference to what standard...

...the facts indicate that the exact opposite is the (l)"The natural price of labor is that price whicli is necessary to enable the laborers, one with another,...their race, without either increase or diminution." — "Political Economy and Taxation". case. Again, it will be conceded that wheat is the staple food...