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Labour, like all other things which are purchased and sold, and which may be increased… — David Ricardo

Economic literature

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 labor is that price which is necessary to enable the laborers, one with another, to subsist and perpetuate their race, without either increase or diminution.

David Ricardo
1817
★ 1.0
Provenance
Current citation
Ricardo, David. The Principles of Political Economy and Taxation. Dover Publications, 2004.
Original citation
Ricardo, David. On Principles of Political Economy and Taxation. London: John Murray, 1817.

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