 | Timothy Dwight, Julian Hawthorne - Literature - 1899 - 538 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... | |
 | John Stuart Mill - Economics - 1899 - 616 pages
...The result of the preceding discussion cannot be bctter summed up than in the words of Ricardo.* " Gold and silver having been chosen for the general medium of circulation, they are, by the compctition of commerce, distributed in such proportions amongst the different countries of the world... | |
 | Political science - 1905 - 678 pages
...to prove the unreality of the famous law elaborated by Ricardo ; to the effect that "Gold and silver are, by the competition of commerce, distributed in...which would take place if no such metals existed, and if the trade between countries was purely a trade by barter." In illustrating the operation of this... | |
 | Friedrich Hoffmann - Currency question - 1907 - 308 pages
...eommerce distributed in such proportions amongst the differeut countries of the world, äs to accomodate themselves to the natural traffic which would take place if no such metals existcd, and the trade between countries were purely a trade of barter, p. II S7/8. 5) Thus, then,... | |
 | 1911 - 404 pages
...effective competition we must place the fact that "gold and silver, the general medium of circulation, are by the competition of commerce distributed in...between countries were purely a trade of barter." 14 "The money of each country is apportioned to it in such quantities only as may be necessary to regulate... | |
 | Sir David Miller Barbour - Currency question - 1912 - 272 pages
...BRUNSWICK ST., STAMFORD ST., SE, AND BUNGAY, SUFFOLK. 10 ,VIMU TO THE MEMORY OF DAVID RICARDO ^59770 " GOLD AND SILVER HAVING BEEN CHOSEN FOR THE GENERAL...NATURAL TRAFFIC WHICH WOULD TAKE PLACE IF NO SUCH MEl'ALS EXISTED, AND THE TRADE BETWEEN COUNTRIES WERE PURELY A TRADE OF BARTER." — Ricardo. PREFACE... | |
 | Sir David Miller Barbour - Gold - 1913 - 126 pages
...DISTRIBUTION OF GOLD THROUGHOUT COUNTRIES USING A GOLD CURRENCY DETERMINED BY ECONOMIC INFLUENCES. " GOLD and Silver having been chosen for the general...between countries were purely a trade of barter." In this passage two principles of great importance are laid down by Ricardo. Trade is stated to be... | |
 | Lucian Oldershaw - Economics - 1915 - 162 pages
...conclusions with regard to the distribution of precious metals in the following words of Ricardo : " Gold and silver having been chosen for the general...between countries were purely a trade of barter." Nor does this use of money as a medium of exchange alter in the least the law of the value of the precious... | |
 | Robert George Geale - Great Britain - 1925 - 184 pages
...theory " was an unintelligible chaos." Owing to its importance, it is set out in Ricardo's own words : " Gold and silver having been chosen for the general...between countries were purely a trade of barter." In Professor Bastable's opinion, this is " Ricardo's greatest contribution to the theory of international... | |
 | Science - 1905
...fluctuations, be distributed amongst the nations so as to be accommodated, in the words of Ricardo, " to the natural traffic which would take place if no...between countries were purely a trade of barter." New Zealand, for instance, must export the main bulk of the gold she produces, and, this being a comparatively... | |
| |
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... 
