David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 209

With respect to the second objection, that there would be a considerable interval between the rise of the price of corn and the rise of wages, during which much distress would be experienced by the lower classes,--I answer, that under different circumstances, wages follow the price of raw produce with very different degrees of celerity; that in some cases no effect whatever is produced on wages by a rise of corn; in others, the rise of wages precedes the rise in the price of corn; again, in some the effect is slow, and in others the interval must be very short.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 209 · Verified：2026-10-19 · Verification：Short excerpt

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