...is with Ricardo the natural price of labor,, a reward which is " necessary to enable the laborers, one with another, to subsist, and to perpetuate their race, without either increase or diminution," Any deviation from this rate, by the operation of supply and demand is called a " market " rate. The...

...to think of natural wages alone, which were fixed at the amount " necessary to enable the laborers, one with another, to subsist and to perpetuate their race, without either increase or diminution. ' '-^Profits/Jiowever, arexfot xfSgarded as quite so demtftriyaetermiije<n The f theory of 'profits...

...Ricardo says: "Tie natural price of labor is that price which is necessary to enable the laborers, one with another, to subsist and to perpetuate their...race, without either increase or diminution. . . . The natural price of labor, therefore, depends on the price of the food, necessaries, and conveniences...

...summarized thus : " The natural price of labor is that price which is necessary to enable the laborers, one with 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 it, from the natural operation of the proportion...

...that minimum reward which — to quote Ricardo's definition of the natural price of labour — was "necessary to enable the labourers, one with another,...subsist, and to perpetuate their race without either decrease or diminution." 1 The remarkable conception which accompanied this theory, and which runs...

...Malthus. In the chapter on wages in his " Principles " he assumes without any further circumlocution that the natural price of labour is that price which is...their race without either increase or diminution. Nay, even more than this, In the natural advance of society the wages of labour will have a tendency...

...level, but at all times : — ' Mr. Ricardo,' he says, 'has defined the natural price of labour to be "that price which is necessary to enable the labourers...their race, without either increase or diminution." This price I should really be disposed to call a most unnatural price ; because in a natural state...

...corresponding augmentation in the number of the population. " The natural price of labour," it is said, "is that price which is necessary to enable the labourers one with another to subsist and perpetuate their race without either increase or diminution " (§ 35), but further on we hear that...

...wages " may be referred to here. In his Principles of Political Economy, ch. v. § 35, he says : " The natural price of labour is that price which is...their race, without either increase or diminution." Professor Gonner, in his edition of Ricardo in the Bohn Economic Library, explains this last clause...

...producing laborers. {^ The natural price of labor is that price which is necessary to enable the laborers, one with another, to subsist, and to perpetuate their race without either increase or diminution." >In his subsequent argument he considerably modified this rigid form of statement by showing that this...