David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 83

The power of the labourer to support himself, and the family which may be necessary to keep up the number of labourers, does not depend on the quantity of money, which he may receive for wages; but on the quantity of food, necessaries, and conveniences become essential to him from habit, which that money will purchase. The natural price of labour, therefore, depends on the price of the food, necessaries, and conveniences required for the support of the labourer and his family. With a rise in the price of food and necessaries, the natural price of labour will rise; with the fall in their price, the natural price of labour will fall.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 83 · Verified：2026-10-19 · Verification：Short excerpt

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