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" The natural price of labour, therefore, depends on the price of the food, necessaries, and conveniences required for the support of the labourer and his family. "
The Elements of Political Economy - Page 167
by Francis Wayland - 1878 - 403 pages
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The Distribution of Income

William Smart - Distribution (Economic theory) - 1899 - 341 pages
...and births increased, and, before the new flood of population, wages fell to their " natural " level of the "food, necessaries, and conveniences required for the support of the labourer and his family." The other was the fact that wages, "in an improving society," might for an...
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A History of the Theories of Production and Distribution: In English ...

Edwin Cannan - Economics - 1903 - 422 pages
...essential to him from habit which that money will purchase. The natural price of labour, therefore, depends on the price of the food, necessaries, and conveniences required for the support of the labourer and his family. With a rise in the price of food and necessaries, the natural price of labour...
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The New international encyclopędia, Volume 14

Daniel Coit Gilman, Harry Thurston Peck, Frank Moore Colby - History - 1903
...principle — the 'iron law of wages.' In the long run, Ricardo held, wages would tend to equal the cost or price of the food, necessaries, and conveniences required for the support of the laborer and his family in their accustomed style of living. Profits, naturally, consisted of the product minus...
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Methods of Industrial Peace

Nicholas Paine Gilman - Arbitration, Industrial - 1904 - 436 pages
...essential to him from habit, which that money will purchase. The natural price of labour, therefore, depends on the price of the food, necessaries, and conveniences required for the support of the labourer and his family." The words I have italicized sufficiently indicate that Ricardo did not intend...
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The New International Encyclopaedia, Volume 16

Daniel Coit Gilman, Harry Thurston Peck, Frank Moore Colby - Encyclopedias and dictionaries - 1906
...principle—the 'iron law of wages.' In the long run, Ricardo held, wages would tend to equal the cost or price of the food, necessaries, and conveniences required for the support of the laborer and his family in their accustomed style of living. Profits, naturally, consisted of the product minus...
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The New International Encyclopaedia, Volume 16

Daniel Coit Gilman, Harry Thurston Peck, Frank Moore Colby - Encyclopedias and dictionaries - 1906
...principle — the 'iron law of wages.' In the long run, Ricardo held, wages would tend to equal the cost or price of the food, necessaries, and conveniences required for the support of the laborer and his family in their accustomed style of living. Profits, naturally, consisted of the product minus...
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Some Readings in Economics: Prepared for the Use of Students in Course I ...

Fred Manville Taylor - Economics - 1907 - 216 pages
...essential to him from habit, which that money will purchase. The natural price of labor, therefore, depends on the price of the food, necessaries, and...conveniences required for the support of the laborer and his family. With a rise in the price of food and necessaries, the natural price of labor will rise...
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Socialism: A Summary and Interpretation of Socialist Principles

John Spargo - Socialism - 1909 - 349 pages
...distorted it out of all semblance to truth. Says Ricardo : "The natural price of labor, therefore, depends on the price of the food, necessaries, and...conveniences required for the support of the laborer and his family. With a rise in the price of food and necessaries, the natural price of labor will rise...
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Laws of Wages: An Essay in Statistical Economics

Henry Ludwell Moore - Labor - 1911 - 196 pages
...the standard of life is found in Ricardo's chapter, " On Wages." " The natural price of labour . . . depends on the price of the food, necessaries and conveniences required for the support of the labourer and his family." " It is not to be understood that the natural price of labour, estimated...
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The American Journal of Sociology, Volume 20

Albion W. Small, Ellsworth Faris, Ernest Watson Burgess - Social sciences - 1915
...essential to him from habit, which that money will purchase. The natural price of labour, therefore, depends on the price of the food, necessaries, and conveniences required for the support of the labourer and his family. With a rise in the price of food and necessaries, the natural price of labour...
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