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" The nature of things has stamped upon corn a real value, which cannot be altered by merely altering its money price. No bounty upon exportation, no monopoly of the home market, can raise that value. The freest competition cannot lower it. "
An essay on the external corn trade - Page 66
by Robert Torrens - 1826 - 416 pages
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An inquiry into the nature and causes of the wealth of nations. A careful ...

Adam Smith - 1875 - 808 pages
...growth of corn, because you do not enable them to maintain and employ more labourers in raising it. The nature of things has stamped upon corn a real value which cannot be altered by merely altering its money price. No bounty upon exportation, no monopoly of the...
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The Works of David Ricardo

David Ricardo, John Ramsay McCulloch - Economics - 1886 - 688 pages
...increase the real wealth of our farmers or country gentlemen, you do not encourage the growth of corn. The nature of things has stamped upon corn a real value, which cannot be altered by merely altering its money price. Through the world in general, that value is equal...
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The Glasgow Edition of the Works and Correspondence of Adam Smith: VI ...

Adam Smith - Biography & Autobiography - 1987 - 500 pages
...universally answer as such a measure had not you yourself, 11 in another part of your book seemed to think, that 'the nature of things has stamped upon corn, a real value, which no human institution can alter; and that corn is that regulating commodity, by which the real value...
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Principles of Political Economy, Volume 1

Thomas Robert Malthus - Business & Economics - 1989 - 518 pages
...confused value in use and value in exchange, Malthus was probably referring to the following statements: 'The nature of things has stamped upon corn a real value which cannot be altered by merely altering its money price. No bounty upon exportation, no monopoly of the...
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David Ricardo: Critical Assessments. Second series

John Cunningham Wood - Business & Economics - 1994 - 488 pages
...of agricultural produce by acting on the price of corn is encapsulated in Smith's famous statement that "the nature of things has stamped upon corn a real value which cannot be altered merely by altering its money price. No bounty upon exportation, no monopoly of the...
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Riches and Poverty: An Intellectual History of Political Economy in Britain ...

Donald Winch - History - 1996 - 452 pages
...on an increase in the price of grain products relative to others. Against such a hope, Smith argued that: 'The nature of things has stamped upon corn a real value which cannot be altered by merely altering its money price.' 25 It followed that 'the money price of corn...
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Adam Smith Across Nations : Translations and Receptions of The Wealth of ...

Cheng-chung Lai - 2000 - 486 pages
...of National Industry (London, 1777); WN IVv. 4-25, also Vii.k. 13. 15. See WN IVv.a.23. Ed. 2 reads "The nature of things has stamped upon corn a real value which cannot be altered by merely altering its money price". Pownall in his Letter notices a similarity between...
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An Essay on the Principle of Population

Thomas Robert Maltus - Social Science - 2006 - 293 pages
...is impossible to suppose that more capital would not be employed upon the land. When Adam Smith says that the nature of things has stamped upon corn a real value, which cannot be altered by merely altering the money price, and that no bounty upon exportation, no monopoly...
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An Essay on the Principle of Population

Thomas Robert Malthus - Social Science - 2013 - 293 pages
...is impossible to suppose that more capital would not be employed upon the land. When Adam Smith says that the nature of things has stamped upon corn a real value, which cannot be altered by merely altering the money price, and that no bounty upon exportation, no monopoly...
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The Real Price of Everything: Rediscovering the Six Classics of Economics

Michael Lewis - Economic policy - 2007 - 1476 pages
...growth of corn, because you do not enable them to maintain and employ more laborers in raising it. The nature of things has stamped upon corn a real value, which cannot be altered by merely altering its money price. No bounty upon exportation, no monopoly of the...
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