投资 · 西方古典

大卫·李嘉图:政治经济学及赋税原理·摘录 36

大卫·李嘉图《政治经济学及赋税原理》· On the Principles of Political Economy and Taxation · 投资

But, as no wages would be paid by the owner of the machine, which would last 100 years, when profits fell to 5 per cent. the price of his goods must fall to 1007_l._ 13_s._ 8_d._ viz. 1000_l._ to pay his profits, and 7_l._ 13_s._ 8_d._ to accumulate for 100 years at 5 per cent. to replace his capital of 20,000_l._ When profits fell to 4 per cent. his goods must sell for 816_l._ 3_s._ 2_d._, and when at 3 per cent. for 632_l._ 16_s._ 7_d._ By a rise in the price of labour then, under 7 per cent., which has no effect on the prices of commodities wholly produced by labour, a fall of no less than 68 per cent. is effected on those commodities wholly produced by machinery. If the proprietor of the machine sold his goods for more than 632_l._ 16_s._ 7_d._, he would get more than 3 per cent., the general profit of stock; and as others could furnish themselves with machines at the same price of 20,000_l._ they would be so multiplied, that he would be inevitably obliged to sink the price of his goods, till they afforded only the usual and general profits of stock.

出处: https://www.gutenberg.org/ebooks/33310
定位:Excerpt 36 · 核对日期:2026-10-19 · 核验:短摘录

白话

但是,由于机器所有者不支付工资,而机器能用100年,当利润降到5%时,他的商品价格必须降到1007镑13先令8便士,其中1000镑支付利润,7镑13先令8便士用于按5%复利积累100年以重置2万镑资本。利润降到4%时,商品售价为816镑3先令2便士;降到3%时,为632镑16先令7便士。因此,在利润率低于7%时,劳动价格上升对完全由劳动生产的商品价格没有影响,却使完全由机器生产的商品价格下降高达68%。如果机器所有者售价高于632镑16先令7便士,他就获得超过3%的利润,但其他人也能以2万镑购买机器,竞争会使价格降至一般利润水平。核心是:机器生产的产品价格受利润率影响巨大,竞争最终使价格趋于一般利润。可执行的做法是:投资机器生产时,要预期利润率下降会导致产品价格大幅下降,需通过规模或创新保持竞争力。

上下文

李嘉图分析机器生产下利润率下降对商品价格的影响,强调竞争的作用。

今日一问

如果你的行业大量使用机器,利润率下降会如何影响产品价格和你的策略?

公版作品;原文逐字取自 Project Gutenberg,仅摘录段落并附全书链接。

本文本为公版;底本与原文链接见上。 版权

← 返回原文库