Practical Observations on Mr. Ricardo's Principles of Political Economy and Taxation (Classic Reprint) - Tapa dura

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Excerpt from Practical Observations on Mr. Ricardo's Principles of Political Economy and Taxation

It is when the market price of labour exceeds its natural fl' price that the condition Of the labourer IS flourishing and happy, that he has it in his power to command a greater proportion of the necessaries and enjoyments Of life, and therefore to rear a healthy and numerous family; when, however, by the encouragement which high wages give to 'the increase Of population, the number of labourers is increased, wages again fall to their natural price, and indeed from a re - action sometimes fall below it.

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