...treated in this manner. His daily fubfiftence would be proportioned to his daily necefljties. SECONDLY, the wages of labour do not in Great Britain fluctuate with the price of provifions. Thefe vary every-where from year to year, frequently from month to month. But irt many...

...Secondly, the wages of labour do not in Great Britain fluctuate with the price of provifions. Thefe vary every-where from year to year, frequently from...places the money price of labour remains uniformly the fame fometimes for half a century together. If in thefe places, therefore, the labouring poor can maintain...

...treated in this manner. His daily fubfiftence would be proportioned to his daily neceffities. Secondly, the wages of labour do not in Great Britain fluctuate with the price of provifions. Thefe vary every-where from year to year, frequently from month to month. But in many places...

...treated in this manner. His daily fubfiftence would be proportioned to his daily neceffities. Secondly, the wages of labour do not in Great Britain fluctuate with the price of provifions. Thefe vary every-where from year to year, frequently from month to month. But in many places...

...his First Book, where he speaks of wages of labour. I will read an extract from it to you : — • The wages of labour do not, in Great Britain, fluctuate with the price of provisions. Wages vary everywhere from year to year, frequently from month to month. But in many places the money...

...regulates the value of Labour and of all other commodities. And yet the same Smith -also says3 — " The wages of labour do not in Great Britain fluctuate...everywhere from year to year, frequently from month 1 Thoughti and Details on Scarcity, Vol. II., p. 248. Bolui's Edit. » Wealth of Nationt, B. IT., ch....

...Secondly, the wages of labour do not, in Great Britain, fluctuate with the price of pro\1чопч. 'I*hese vary everywhere from year to year, frequently from month to month. But in many place*, the money price of labour remains uniformly the same, sometimes for half a century together....

...and would in a short time completely exclude us from the Continental markets". (Ibid. 919.) Smith : " Wages of labour do not in Great Britain fluctuate with the price of provisions"1. Then they went on to show by statistics that the labourers' comforts had been greatest...

...was generally believed that the price of food regulated wages.1 Adam Smith saw clearly enough that " the wages of labour do not in Great Britain fluctuate with the price of provisions," * but according to Ricardo, " with a rise in the price of food and necessaries, the natural price of...

...costs were high in dealing with the artisans of the domestic system. As Adam Smith observed in 1776, "In many places the money price of labour remains uniformly the same sometimes for half a century together"(1937 [1776], p. 74). The existence of traditional prices and ongoing relationships between...