 | 1877 - 200 sider
...were set forth in the clearest and most concise form by Mr. Ricardo, in 1817. " Labor," he wrote, " is dear when it is scarce, and cheap when it is plentiful." To these expositions of the simple principles which govern the rate of wages, I can only add the lesson... | |
 | Thomas Brassey (1st earl.) - 1878 - 404 sider
...were set forth in the clearest and most concise form by Mr. Bicardo in 1817. ' Labour,' he wrote, ' is dear when it is scarce, and cheap when it is plentiful.' To these expositions of the law of supply and demand in its application to the rate of wages, I can... | |
 | Earl Thomas Brassey Brassey - 1879 - 468 sider
...operation, to use the language of Mr. Eicardo, of the proportion between the supply and the demand. Labour is dear when it is scarce, and cheap when it is plentiful. The same law has been stated more fully by Adam Smith. The demand,' he says, ' for those who live by... | |
 | William Addison Phillips - 1886 - 508 sider
...and to per|,etuatc their nice without either increase or diminution." IIe also says : " The market price of labor is the price which is really paid for...operation of the proportion of the supply to the demand." And again : " It is when the market price of labor exceeds its natural price that the condition of... | |
 | David Ricardo, John Ramsay McCulloch - 1886 - 688 sider
...and by the increasing skill, both in science and art, of the producers. / The market price of labour is the price which is really paid for it. from the natural operation of the proportion of the suojjly to the demand ; labour is dear when it is scarce, and cheap when it is plentiful. However much... | |
 | William Lee Rees - 1888 - 504 sider
...he calls the market price, as distinguished from the "natural price."* " The market price of labour is the price which is really paid for it from the...operation of the proportion of the supply to the demand ; labour is dear when it is scarce and cheap when it is plentiful." "When the market price of labour... | |
 | Josef Maria Baernreither - 1889 - 500 sider
...without either increase or diminution " ; whilst the market price of labour, according to his view, is " the price which is really paid for it, from the...operation of the proportion of the supply to the demand." If, therefore, according to his theory, the market price of labour exceeds its natural price, — that... | |
 | American Academy of Political and Social Science - 1890 - 788 sider
...We are now ready to listen to Ricardo's statement of the law of market wages. He says : " The market price of labor is the price which is really paid for...when it is scarce and cheap when it is plentiful." It is certainly true, as we have seen, that the price of labor depends on supply and demand. Indeed,... | |
 | David Ricardo - 1895 - 166 sider
...and by the increasing skill, both in science and art, of the producers. The market price of labour is the price which is really paid for it, from the...operation of the proportion of the supply to the demand ; labour is dear when it is scarce, and cheap when it is plentiful. However much the market price of... | |
 | Benjamin Wood - 1901 - 200 sider
...another, to subsist, and to perpetuate their race without either increase or diminution. . . . The market price of labor is the price which is really paid for...operation of the proportion of the supply to the demand." \V HEN the toilers are poorly housed, poorly clad, poorly fed, poorly educated, with just sufficient... | |
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The market price of labour is the price which is really paid for it, from the natural operation of the proportion of the supply to the demand; labour is dear when it is scarce and cheap when it is plentiful. However much the market price of labour may... 
