...and continue his race, then it is clear no lasting reduction could ever be effected in its amount. But such is not the case. By the natural or necessary rate of wages, is meant only, in the words of Dr Smith, such a rate as will enable the labourer to obtain " not only the commodities that are indispensably...

...commodities are either necessaries or luxuries. By necessaries I understand, not only the commodities which are indispensably necessary for the support of life, but whatever the custom of the country rondure it indecent for creditable people, even of the lowest order, to be without. A linen shirt,...

...and continue his race, then it is clear, no lasting reduction could ever be effected in its amount. But such is not the case. By the natural or necessary...the commodities that are indispensably necessary for thp support of life, but whatever the custom of the country renders it indecent for creditable people,...

...Economy, revised in 1849, says (p. 411) : — " By the natural or necessary rate of wages, is raeaut only, in the words of Adam Smith, such a rate as will enable the laborer to obtain, ' not only the commodities that are indispensably necessary for the support of life,...

...necessary to enable laborers to subsist and continue their race, such quantity could not be diminished. But such is not the case. By the natural or necessary...words of Adam Smith", such a rate as will enable the laborers to obtain, "not only the commodities that are indispensably necessary for the support of life,...

...Smith in l776 (Wealth of Nations) wrote: By necessaries I understand not only the commodities which are indispensably necessary for the support of life, but whatever the custom of the century renders it indecent for creditable people, even of the lowest order, to be without. By the...

...leads Townsend to endorse Adam Smith: 'By necessaries I understand, not only the commodities which are indispensably necessary for the support of life,...of the country renders it indecent for creditable persons, even of the lowest order, to be without.' These authors take the context to be that of a country,...

...reproduction 1 Atkinson continues by quoting Smith: By necessities I understand not only the commodities which are indispensably necessary for the support of life,...of the country renders it indecent for creditable peopte, even of the lowest order, to be without. (A. Smith, 1976 (1776), pp. 869-70) 2 In the seventies...

...terms. In The Wealth of Nations he writes, 'By necessities I understand not just commodities which are indispensably necessary for the support of life, but whatever the custom of a country renders it indecent for creditable people, even of the lowest order, to be without.' Karl...

...wrote in his The Wealth oj Nations in 1812: By necessities I understand not just commodities which are indispensably necessary for the support of life, but whatever the custom of a country renders it indecent for creditable people, even of the lowest order, to be without. iSmith...