Supply and demand

Explore 1 quote about Supply and demand

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

More information about this quote

Topic

Workers Free market Supply and demand Capitalism

Author

David Ricardo

Source

On the Principles of Political Economy and Taxation

Genre

Economic literature

Language

English

Time

1817 1810s 19th century

Authentication Score 2

Original Citation

Ricardo, David. On Principles of Political Economy and Taxation. London: John Murray, 1817.

Current Citation

Ricardo, David. The Principles of Political Economy and Taxation. Dover Publications, 2004.