“The proposition of Mr. Ricardo, which states that a rise in the price of labour lowers the price of a large class of commodities, has undoubtedly a very paradoxical air; but it is, nevertheless, true, and the appearance of paradox would vanish, if it were stated more naturally and correctly.”

—  Thomas Robert Malthus , Principles of Political Economy

Book I, Chapter II, On the Nature, Causes, and Measures of Value, Section IV, p. 88
Principles of Political Economy (Second Edition 1836)

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British political economist 1766–1834

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