The Principles of Political Economy, and Taxation by David Ricardo

Suppose that in the early stages of society, the bows and arrows of the hunter were of equal value, and of equal durability, with the canoe and implements of the fisherman, both being the produce of the same quantity of labour. Under such circumstances the value of the deer, the produce of the hunter’s day’s labour, would be exactly equal to the24 value of the fish, the produce of the fisherman’s day’s labour.

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