David Ricardo: On the Principles of Political Economy and Taxation Year: 1817

Table of Contents

David Ricardo: On the Principles of Political Economyand Taxation
Chapter 1: On Value
Chapter 5: On Wages

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Abstract

Money being a variable commodity, the rise of money-wages will be frequently occasioned by a fall in the value of money. A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.

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