David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 131

If a manufacturer had also employed 3000_l._ in his business, he would be obliged in consequence of the rise of wages, to increase his capital, in order to be enabled to carry on the same business. If his commodities sold before for 720_l._, they would continue to sell at the same price; but the wages of labour, which were before 240_l._, would rise when corn was at 5_l._ 2_s._ 10_d._ to 274_l._ 5_s._ In the first case he would have a balance of 480_l._ as profit on 3000_l._, in the second he would have a profit only of 445_l._ 15_s._, on an increased capital, and therefore his profits would conform to the altered rate of those of the farmer.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 131 · Verified：2026-10-19 · Verification：Short excerpt

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