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" Gold and silver having been chosen for the general medium of circulation, they are, by the competition of commerce, distributed in such proportions amongst the different countries of the world, as to accommodate themselves to the natural traffic which... "
On the Principles of Political Economy, and Taxation - Page 143
by David Ricardo - 1821 - 538 pages
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Considerations on the State of the Colonial Currency and Foreign Exchanges ...

Peter Warden Grant - Currency question - 1825 - 222 pages
...realized on his farm, he would have no surplus wherewith to purchase it. The precious metals being chosen for the general medium of circulation, they...by the competition of commerce, distributed in such proportion among the different countries of the world, as to accommodate themselves to the natural...
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Register of Debates in Congress: Comprising ..., Volume 3; Volume 8; Volume 55

United States. Congress - Law - 1832 - 756 pages
...one of the most distinguished of the practical economists of Europe, lays down these principles: " Gold and silver having been chosen for the general...proportions amongst the different countries of the world, as toaccommodalethemselves to the natural traffic which would take place if no such metals existed, and...
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Principles of Political Economy Considered with a View to Their Practical ...

Thomas Robert Malthus - Economics - 1836 - 520 pages
...been sufficiently appreciated. It is a just and most important observation of Mr. Ricardo, that, " Gold and silver having been chosen for the general medium of circulation, are by the competitions of commerce distributed in such proportions amongst the different countries...
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A letter to Nassau William Senior ... in reply to the article, 'Free trade ...

Robert Torrens - 1843 - 108 pages
...quotations from his profound and original chapter upon Foreign Trade, will abundantly establish : — " Gold and silver having been chosen for the general...trade between countries were purely a trade of barter. " The improvement of a manufacture in any country tends to alter the distribution of the precious metals...
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The Budget. On Commercial and Coloniae Policy With an Introduction in which ...

Robert Torrens - Corn laws (Great Britain). - 1844 - 600 pages
...quotations from his profound and original chapter upon Foreign Trade, will abundantly establish : — " Gold and silver having been chosen for the general...are, by the competition of commerce, distributed in sucb proportions amongst the different countries of the world, as to accommodate themselves to the...
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Principles of Political Economy: With Some of Their Applications ..., Volume 2

John Stuart Mill - Economics - 1849 - 588 pages
...The result of the preceding discussion cannot be better summed up than in the words of Ricardo.* " Gold and silver having been chosen for the general...between countries were purely a trade of barter." Of this principle, so fertile in consequences, previous to which the theory of foreign trade was an...
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Principles of Political Economy: With Some of Their Applications ..., Volume 2

John Stuart Mill - Economics - 1852 - 608 pages
...The result of the preceding discussion cannot be better summed up than in the words of Ricardo.* " Gold and silver having been chosen for the general...natural traffic which would take place if no such uactals existed, and the trade between countries were purely a trade of barter." Of this principle,...
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Principles of Political Economy: With Some of Their Applications ..., Volume 2

John Stuart Mill - Economics - 1857 - 610 pages
...barter. The result of the preceding discussion cannot be better summed up than in the words of Ricardo.* "Gold and silver having been chosen for the general...between countries were purely a trade of barter." Of this principle, so fertile in consequences, previous to which the theory of foreign trade was an...
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National Review, Volume 17

Great Britain - 1863 - 584 pages
...silver," says Ricardo, " are, by the competition of commerce, distributed in such proportions among the different countries of the world as to accommodate...between countries were purely a trade of barter;" a principle which, as he proceeds to show, leads to much and permanent diversity in local prices among...
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The National Review, Volume 17

Richard Holt Hutton, Walter Bagehot - Periodicals - 1863 - 580 pages
...silver," says Ricardo, " are, by the competition of commerce, distributed in such \ roportions among the different countries of the world as to accommodate...between countries were purely a trade of barter;" a principle which, as he proceeds to show, leads to much and permanent diversity in local prices among...
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