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" No EXTENSION of foreign trade will immediately increase the amount of value in a country, although it will very powerfully contribute to increase the mass of commodities, and therefore the sum of enjoyments. "
“The” Life of Major-General Sir Thomas Munro, Bart. and K.C.B., Late ... - Page 292
by George Robert Gleig - 1830
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Blackwood's Magazine, Volume 52

England - 1842 - 840 pages
...respect to the other mysterious sentence, it is the very first in the chapter. These are trte words — " No extension of foreign trade will immediately increase...the amount of value in a country, although it will very powerfully contrihute to increase the muss of commodities, and therefore tlio sum of enjoyments."...
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On the Principles of Political Economy, and Taxation

David Ricardo - Classical school of economics - 1821 - 566 pages
...medium only in which prices and profits are estimated would be lowered. CHAPTER VI F. ON FOREIGN TRADE. No extension of foreign trade will immediately increase...the amount of value in a country, although it will very powerfully contribute to increase the mass of commodities, and therefore the sum of enjoyments....
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Principles of Political Economy Considered with a View to Their Practical ...

Thomas Robert Malthus - Economics - 1821 - 482 pages
...further progress of wealth had ceased. Mr. Ricardo begins his Chapter on Foreign Trade by stating that " No extension of foreign trade will immediately increase...the amount of value in a country although it will very powerfully contribute to increase the mass of commodities and therefore the sum of enjoyments."...
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Definitions in Political Economy: Preceded by an Inquiry Into the Rules ...

Thomas Robert Malthus - Classical school of economics - 1827 - 322 pages
...manner, Mr. Ricardo's very startling proposition respecting the effects of foreign trade, namely, that " no extension of foreign trade will immediately increase the amount of value in a country," arises entirely from his using the term value in a different sense from that in which it had been used...
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The Life of Sir Thomas Munro, Late Governor of Madras: With ..., Volume 2

George Robert Gleig - India - 1830 - 472 pages
...the first, and commodities must be raised again to 2 APPENDIX answer this new rise, which is absurd. FOREIGN TRADE. P. 135. "No extension of foreign trade...commodities." " As the value of all foreign goods is measured hy the quantity of the produce of our land, and labour which is given for them, we should have no greater...
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Principles of Political Economy Considered with a View to Their Practical ...

Thomas Robert Malthus - Economics - 1836 - 520 pages
...the value of the national produce. Mr. Ricardo begins his Chapter on Foreign Trade by stating that " No extension of foreign trade will immediately increase...the amount of value in a country although it will very powerfully contribute to increase the mass of commodities, and therefore the sum of enjoyments."...
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Blackwood's Edinburgh Magazine, Volume 52

Scotland - 1842 - 916 pages
...respect to the other mysterious sentence, it is the very first in the chapter. These are the words — " No extension of foreign trade will immediately increase...the amount of value in a country, although it will very powerfully contribute to increase the mass of commodities, and therefore the sum of enjoyments."...
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A handbook of political economy

Samuel Newington - 1858 - 144 pages
...that is, money will be dear, and everything else will be cheap." — Wayland, p. 200. Foreign Trade. " No extension of foreign trade will immediately increase...the amount of value in a country, although it will very powerfully contribute to increase the mass of commodities, and therefore the sum of enjoyments."...
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The Works of David Ricardo

David Ricardo, John Ramsay McCulloch - Economics - 1886 - 688 pages
...medium only in which prices and profits are estimated would be lowered. CHAPTER VIL ON FOREIGN TRADE. No extension of foreign trade will immediately increase...the amount of value in a country, although it will very powerfully contribute to increase the mass of commodities, and therefore the sum of enjoyments....
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The Theory of International Trade: With Some of Its Applications to Economic ...

Charles Francis Bastable - Commerce - 1887 - 198 pages
...cardinal propositions, which constitute his theory of foreign trade, and which run as follows : — (1.) " No extension of foreign trade will immediately increase...the amount of value in a country, although it will very powerfully contribute to increase the mass of commodities, and therefore the sum of enjoyments."6...
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