"[38] "It regulates," says Adam Smith, "the money price of
labour, which must always be such as to enable the labourer to purchase
a quantity of corn sufficient to him and his family, either in
the liberal, moderate, or scanty manner, in which the advancing,
stationary, or declining circumstances of the society oblige his
employers to maintain him.
labour, which must always be such as to enable the labourer to purchase
a quantity of corn sufficient to him and his family, either in
the liberal, moderate, or scanty manner, in which the advancing,
stationary, or declining circumstances of the society oblige his
employers to maintain him.
Ricardo - On The Principles of Political Economy, and Taxation
