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Practical Observations on Mr. Ricardo's Principles of Political Economy and Taxation (Classic Reprint) - Softcover

 
9781331317432: Practical Observations on Mr. Ricardo's Principles of Political Economy and Taxation (Classic Reprint)

Synopsis

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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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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  • PublisherForgotten Books
  • Publication date2020
  • ISBN 10 1331317436
  • ISBN 13 9781331317432
  • BindingPaperback
  • LanguageEnglish
  • Number of pages108

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John Stuckey Reynolds
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ISBN 10: 1331317436 ISBN 13: 9781331317432
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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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ISBN 10: 1331317436 ISBN 13: 9781331317432
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John Stuckey Reynolds
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ISBN 10: 1331317436 ISBN 13: 9781331317432
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