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" The capital employed in purchasing foreign goods for home consumption, when this purchase is made with the produce of domestic industry, replaces too, by every such operation, two distinct capitals; but one of them only is employed in supporting domestic... "
On the Principles of Political Economy, and Taxation - Page 419
by David Ricardo - 1821 - 538 pages
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Economic Theories in a Non-Walrasian Tradition

Takashi Negishi - Business & Economics - 1985 - 230 pages
...wages. (Smith 1976, pp. 362-63) The capital employed in purchasing foreign goods for home-consumption, when this purchase is made with the produce of domestic...distinct capitals; but one of them only is employed in supporting domestic industry. The capital which sends British goods to Portugal, and brings back Portuguese...
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David Ricardo: Critical Assessments. Second series

John Cunningham Wood - Business & Economics - 1994 - 488 pages
...replace the capital of foreign as well as domestic producers. This is most clearly stated by Adam Smith: The capital employed in purchasing foreign goods for...distinct capitals, but one of them only is employed in supporting domestic industry. The capital which sends British goods to Portugal, and brings back Portuguese...
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Free Trade: 1793-1886, Volume 1

Lars Magnusson - Business & Economics - 1997 - 472 pages
...which sends Scotch manufacturers to London, and brings back English corn and manufactures to Edinburgh, necessarily replaces, by every such operation, two...distinct capitals; but one of them only is employed in supporting domestic industry. The capital which sends British goods to Portugal, and brings back Portuguese...
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Classical Economics: January 1819 to January 1820, Volume 1

Donald Rutherford - Classical school of economics - 1996 - 520 pages
...'which sends Scots manufactures to London, and brings back English corn and manufactures to Edinburgh, necessarily replaces, by every such operation, two...distinct capitals; but one of them only is employed in supporting domestic industry. The capital which sends British goods to Portugal, and brings back Portuguese...
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Protection Or Free Trade

Henry George - Political Science - 2006 - 349 pages
...replaces by every Bttch operation two British capitals which had both been employed in the agriemlture or manufactures of Great Britain. The capital employed...distinct capitals : but one of them only is employed in supporting domestic iBdustoy. The capital which sends British goods to Portugal, and brings back Portuguese...
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Wealth of Nations

Adam Smith - Business & Economics - 2007 - 597 pages
...which sends Scotch manufactures to London, and brings back English corn and manufactures to Edinburgh, necessarily replaces, by every such operation, two...The capital employed in purchasing foreign goods for home-consumption, when this - purchase is made with the produce of domestick industry, replaces too,...
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The Real Price of Everything: Rediscovering the Six Classics of Economics

Michael Lewis - Economic policy - 2007 - 1476 pages
...which sends Scotch manufactures to London, and brings back English corn and manufactures to Edinburgh, necessarily replaces, by every such operation, two...distinct capitals; but one of them only is employed in supporting domestic industry. The capital which sends British goods to Portugal, and brings back Portuguese...
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The Works of David Ricardo, Esq., M.P.: With a Notice of the Life and ...

David Ricardo, John Ramsay McCulloch - Economics - 2000 - 636 pages
...the home trade, and an equal capital engaged in the foreign trade. 1 " The capital which sends Scotch manufactures to London, and brings back English corn...operation, two distinct capitals ; but one of them onty is employed in supporting domestic industry. The capital which sends British goods to Portugal,...
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Broad Views: A Monthly Periodical Dealing with All Subjects of ..., Volume 2

1904 - 564 pages
...that sends Scottish manufactures to London and brings back English corn and manufactures to Edinburgh necessarily replaces by every such operation two British...distinct capitals, but one of them only is employed in supporting domestic industry. The capital which sends British goods to Portugal and brings back Portuguese...
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Blackwood's Edinburgh Magazine, Volume 141

Scotland - 1886 - 1156 pages
...which sends Scotch manufactures to London, and brings back English manufactures and corn to Edinburgh, necessarily replaces by every such operation two British...which had both been employed in the agriculture or manufacture of Great Britain. " The capital employed in purchasing foreign goods for home consumption,...
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