Principles of Political Economy: With Some of Their Applications to Social Philosophy, Том 2Wirtschaft und Finanzen, 1848 |
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Сторінка 123
... linen from Germany , and of Germany to import cloth from England . " When each country pro- duced both commodities for itself , 10 yards of cloth exchanged for 15 yards of linen in England , and for 20 in Germany . They will now ...
... linen from Germany , and of Germany to import cloth from England . " When each country pro- duced both commodities for itself , 10 yards of cloth exchanged for 15 yards of linen in England , and for 20 in Germany . They will now ...
Сторінка 124
... yards of cloth , in both countries , exchange for 17 yards of linen . " The demand for a commodity , that is , the quantity of it which can find a purchaser , varies , as we have before re- marked , according to the price . In Germany ...
... yards of cloth , in both countries , exchange for 17 yards of linen . " The demand for a commodity , that is , the quantity of it which can find a purchaser , varies , as we have before re- marked , according to the price . In Germany ...
Сторінка 125
... yards of linen for 10 yards of cloth . " But our supposition might have been different . Suppose that , at the assumed rate of interchange , England had been disposed to consume no greater quantity of linen than 800 times 17 yards : it ...
... yards of linen for 10 yards of cloth . " But our supposition might have been different . Suppose that , at the assumed rate of interchange , England had been disposed to consume no greater quantity of linen than 800 times 17 yards : it ...
Сторінка 126
... linen will exactly pay for one another ; and when once this point is attained , values will remain without further alteration . " It may be considered , therefore , as established ... yards of cloth 126 CHAPTER XVIII . § 2 . BOOK III .
... linen will exactly pay for one another ; and when once this point is attained , values will remain without further alteration . " It may be considered , therefore , as established ... yards of cloth 126 CHAPTER XVIII . § 2 . BOOK III .
Сторінка 127
... yards of cloth for 15 of linen , she would not consume more . Let this fixed quantity be 1000 times 10 yards . At the rate , however , of 10 for 20 , England would want more linen than would be equivalent to this quantity of cloth . She ...
... yards of cloth for 15 of linen , she would not consume more . Let this fixed quantity be 1000 times 10 yards . At the rate , however , of 10 for 20 , England would want more linen than would be equivalent to this quantity of cloth . She ...
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Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bills bullion cause cheaper cheques circulation circumstances coin commercial commodities consequence consumers corn corn laws cost of production currency dealers debt degree demand depend depreciation diminished direct tax duty effect employed employment England equal equivalent exchange exchange value existing expense exports fall favour France Germany gold and silver greater imports improvement income increase industry issue labour and capital land landlords law of value less loans lower means ment mode necessary obtain paid paper payment person population portion pounds precious metals present principle produce proportion quantity of money raise rate of interest rate of profit rent revenue rise of price seignorage sell speculation supply suppose taxation things tion tithe trade transactions value of money wages wealth whole yards of cloth yards of linen