David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 28

If the gold mine from which money was obtained were in the same country, in that case, after the rise of wages, 210_l._ might be necessary to be employed, as capital, to obtain the same quantity of metal that 200_l._ obtained before: for the same reason that the hunter and fisherman required 10_l._ in addition to their capitals, the miner would require an equal addition to his. No greater quantity of labour would be required in any of these occupations, but it would be paid for at a higher price, and the same reasons which should make the hunter and fisherman endeavour to raise the value of their game and fish, would cause the owner of the mine to raise the value of his gold. This inducement acting with the same force on all these three occupations, and the relative situation of those engaged in them being the same before and after the rise of wages, the relative value of game, fish, and gold, would continue unaltered. Wages might rise twenty per cent., and profits consequently fall in a greater or less proportion, without occasioning the least alteration in the relative value of these commodities.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 28 · Verified：2026-10-19 · Verification：Short excerpt

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