Practical Observations on Mr Ricardo's Principles of Political Economy and Taxation Classic Reprint
John Stuckey Reynolds
ISBN 10: 1331317436 ISBN 13: 9781331317432
Published by Forgotten Books, 2018
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Excerpt from Practical Observations on Mr. Ricardo's Principles of Political Economy and Taxation
It is when the market price of labour exceeds its natural fl' price that the condition Of the labourer IS flourishing and happy, that he has it in his power to command a greater proportion of the necessaries and enjoyments Of life, and therefore to rear a healthy and numerous family; when, however, by the encouragement which high wages give to 'the increase Of population, the number of labourers is increased, wages again fall to their natural price, and indeed from a re - action sometimes fall below it.
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Title: Practical Observations on Mr Ricardo's ...
Publisher: Forgotten Books
Publication Date: 2018
Binding: PAP
Condition: New
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Practical Observations on Mr (Classic Reprint)
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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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Practical Observations on Mr Ricardo's Principles of Political Economy and Taxation Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331317432
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