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The law of values which holds between two countries, and two commodities,
holds of any greater number, . ... on the quantities demanded, but also on the
means of production available in each country for the supply of foreign markets, 2
... it abroad for foreign investment, rather than buy securities at home at the
advanced price. As much money might thus go out as had previously come in,
while the prices of commodities would have shown no trace of its temporary
... bullion are commodities like any others, and their value depends, like that of
other things, on their cost of production. To the majority of civilized countries, gold
and silver are foreign products: and the circumstances which govern the values ...
Every foreign commodity is bought by giving for it some domestic production; and
the labour and capital which a foreign ... S But this at least is indisputable, that
within the country itself the value of imported commodities is determined by the ...
... or lending it, to be sent out of the country in exchange for goods or foreign
securities. But though there then would be no money in possession, or ultimately
perhaps even in existence, money would be offered, and commodities bought
with it, ...
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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