Excerpt from Practical Observations on Mr. Ricardo's Principles of Political Economy and Taxation In the following extracts, Mr. Ricardo has clearly defined the nature of wages: Pages 86. - "Labour, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its 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." About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Paperback. Condition: New. Print on Demand. This book challenges prevailing economic theories regarding value and profit, particularly the long-held belief that a rise in wages leads to an increase in the price of commodities. The author argues that the natural value of a commodity is determined by the amount of fixed capital employed and the value of the necessities consumed by the laborers during its production and conveyance to market. The author provides compelling evidence to support the theory that a rise in wages will not automatically lead to higher prices for goods. This revolutionary perspective on economics debunks traditional assumptions and offers a fresh understanding of the relationship between wages, prots, and the value of commodities. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781331317432_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331317432
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331317432
Quantity: 15 available