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To France, Germany, or Switzerland, capital moves perhaps almost as readily as
to the colonies; the differences of language and government being scarcely so
great a hindrance as climate and distance. To countries still barbarous, or, like ...
“Suppose that 10 yards of broadcloth cost in England as much labour as 15 yards
of linen, and in Germany as much as 20.” In common with most of my
predecessors, I find it advisable, in these intricate investigations, to give
distinctness and ...
The problem is, what are the causes which determine the proportion in which the
cloth of England and the linen of Germany will exchange for each other. “As
exchange value, in this case as in every other, is proverbially fluctuating, it does
Germany would be able to procure no more than 800 times 10 yards at that price.
To procure the remaining 200, which she would have no means of doing but by
bidding higher for them, she would offer more than 17 yards of linen in exchange
Let us suppose that this is the case in Germany with cloth. Before her trade oith
England commenced, when 10 yards of cloth cost her as much labour as 20
yards of linen, she nevertheless consumed as much cloth as she wanted under
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LibraryThing ReviewРецензія користувача - JohnPhelan - LibraryThing
Pragmatic or muddled? Mill sets out to explore economic principles but, ultimately, finds that there is no principle which doesn't have any amount of conceivable exceptions. You have to wonder why its ... Читати огляд повністю