David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 127

Thus in every case, agricultural, as well as manufacturing profits are lowered by a rise in the price of raw produce, if it be accompanied by a rise of wages.[11] If the farmer gets no additional value for the corn which remains to him after paying rent, if the manufacturer gets no additional value for the goods which he manufactures, and if both are obliged to pay a greater value in wages, can any point be more clearly established than that profits must fall, with a rise of wages?

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 127 · Verified：2026-10-19 · Verification：Short excerpt

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