David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 115

Supposing corn and manufactured goods always to sell at the same price, profits would be high or low in proportion as wages were low or high. But suppose corn to rise in price because more labour is necessary to produce it; that cause will not raise the price of manufactured goods in the production of which no additional quantity of labour is required. If then wages continued the same, profits would remain the same; but if, as is absolutely certain, wages should rise with the rise of corn, then profits would necessarily fall.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 115 · Verified：2026-10-19 · Verification：Short excerpt

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