...prices will be the same in each. ' Second — When any particular country imposes import duties upon tho productions of other countries, while those other...larger proportion of the precious metals, maintains B higher range of general prices than her neighbours, and obtains in exchange for the produce of a...

...amongst them in equal proportions, and the general scale of prices will be the same in each. Second, — When any particular country imposes import duties...the produce of a greater quantity of foreign labour. Third, — When any country is deprived of that command ever the precious metals which is due to the...

...among them in " equal proportions, and the general scale of prices will be the " same in each. 2. " When any particular country imposes import duties...produce of a greater quantity of " foreign labour. 3. " When any country is deprived of that command over the " precious metals which is due to the efficacy...

...amongst them in equal proportions, and the general scale of prices will be the same in each. ' Second — When any particular country imposes import duties...neighbours, and obtains in exchange for the produce of a,given quantity of her labour, the produce of a greater quantity of foreign labour. ' Third — When...

...them in equal proportions, and the general scale of prices will be the same in each. Second—When any particular country imposes import duties upon...maintains a higher range of general prices than her neighbors, and obtains in exchange for the produce of a given quantity of her labor, the produce of...

...metals through the price-specie-flow mechanism. From these precepts, Torrens (1844, 28) argued that "when any particular country imposes import duties...produce of a greater quantity of foreign labour." This last statement, regarding the quantity of goods a country's labor could procure on the world market,...

...have led to national bankruptcy and revolution." This conclusion was derived from the proposition that when any particular country imposes import duties...the produce of a greater quantity of foreign labour. [Emphasis added] These precious metals, he wrote, could be recovered by tariff retaliation to restore...

...were due to a unilateral dismantlement of its import duties. He stated his views in this general form: When any particular country imposes import duties...such particular country draws to herself a larger portion of the precious metals, maintains a higher range of general prices than her neighbours, and...

...advantages in the production of the commodities most extensively demanded in the countries of the mines, obtains, in exchange for the produce of a given quantity of her labour, a larger quantity of the precious metals, and of all foreign goods, than is obtained by other countries...

...amongst them in equal proportions, and the general scale of prices will be the same in each. Second, — When any particular country imposes import duties...proportion of the precious metals, maintains a higher rate of general prices than her neighbours, and obtains, in exchange for the produce of a given quantity...