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" IT is the cost of production which must ultimately regulate the price of commodities, and not, as has been often said, the proportion between the supply and demand : the proportion between supply and demand may, indeed, for a time, affect the market value... "
The Works of David Ricardo - Page 220
by David Ricardo, John Ramsay McCulloch - 1886 - 584 pages
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An Examination of Opinions Maintained in the "Essay on the Principles of ...

J. C. Ross - Economics - 1827
...supply and demand. CHAPTER XXVIII. INFLUENCE OF DEMAND AND SUPPLY ON PRICES. WE are now aware, that it is the cost of production which must ultimately regulate the price of commodities, and not the proportion between the supply and demand, (although it has been so often asserted) ; that may,...
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On Labour: Its Wrongful Claims and Rightful Dues, Its Actual Present and ...

William Thomas Thornton - Labor - 1870 - 499 pages
...increase, and in the other diminish, proportionately. He only amplifies this idea when he says that ' supply and demand may indeed for a time affect the...but this effect will be only of temporary duration.' He represents, in short, cost of production as the natural price with which market price would always...
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The Principles of Economical Philosophy, Volume 1

Henry Dunning Macleod - Economics - 1872
...the price of commodities, and not as has often been said the proportion between the supply and the demand ; the proportion between supply and demand...supplied in greater or less abundance, according as tlie demand may be increased or diminished, but this effect will only be of temporary duration. . <...
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The Principles of Economical Philosophy, Volume 1

Henry Dunning Macleod - Economics - 1872
...between prime cost and market pflceT" On COST of PRODUCTION as affecting VALUE. <5. Ricardo says ' — "It is the cost of production which must ultimately...regulate the price of commodities, and not as has often been said the proportion between the supply and the demand ; the proportion between supply and...
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The Elements of Economics, Volume 1

Henry Dunning Macleod - Economics - 1881 - 791 pages
...to any extent required by human labour at an equal cost of production. Of these he says — ' It is Cost of Production which must ultimately regulate the price of commodities, and not, as has often been said, the proportion between Supply and Demand : the proportion between Supply and Demand...
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Preise und Krisen: volkswirtschaftliches aus unseren Tagen. Eine von der ...

Karl Wasserrab - Depressions - 1889 - 221 pages
...Economy and Taxation" Ch. XXX: Of the Influence of Demand and Supply on Prices, вогзидКф S>. 232: the proportion between supply and demand may, indeed,...for a time affect the market value of a commodity — — ; but this effect will be only of temporary duration. Diminish the cos t of production of hats...
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The Economic Journal: The Quarterly Journal of the Royal Economic ..., Volume 4

Economics - 1894
...propositions of the ordinary political economy. Take, for example, the statement of Eicardo that ' it is the cost of production which must ultimately regulate the price of commodities.' This Mr. Bain turns into the assertion ' that the cost of production of every commodity is • what...
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The Economic Journal: The Quarterly Journal of the Royal Economic ..., Volume 4

Economics - 1894
...propositions of the ordinary political economy. Take, for example, the statement of Eicardo that ' it is the cost of production which must ultimately regulate the price of commodities.' This Mr. Bain turns into the assertion ' that the cost of production of every commodity is what essentially...
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Principles of Scientific Socialism

Charles Henry Vail - Socialism - 1899 - 237 pages
...should be eliminated. This fact is recognized by the teachers of political economy. Says Ricardo, " It is the cost of production which must ultimately...demand : the proportion between supply and demand Value, then, expresses the relation, not of things to things, but of things to labor — the source...
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The Elements of Economics, Volume 2

Henry Dunning Macleod - Economics - 1899
...General Theory and reject the Special one, which only accounts for one class of cases. Ricardo says — ' It is the Cost of Production which must ultimately...often said, the proportion between the Supply and the Demand : the proportion between Supply and Demand may indeed for a time affect the market Value...
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