...their own country, rather than seek a more advantageous employment for their wealth in foreign nations. Gold and silver having been chosen for the general...trade between countries were purely a trade of barter. Thus, cloth cannot be imported into Portugal, unless it sell there for more gold than it cost in the...

...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...

...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...

...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...

...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...

...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...

...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,...

...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...

...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...

...regulating all values. " Gold and silver," says RICAEDO, " having been chosen for the general medinm of circulation, they are, by the competition of commerce, distributed in such proportions among the different countries of the world as to accommodate themselves to the natural traffic which...