Publisher's 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 ?' price that the condition Of the labourer IS ?ourishing 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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